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Former Vice President Atiku Abubakar, on Saturday, expressed concern over potential attempts to hamper the progress of the Dangote Refinery, a major private sector initiative poised to meet Nigeria’s energy and foreign exchange needs. In a statement issued via his X account, Atiku drew an analogy between raising children and investing in a project, stressing the importance of prioritizing their …

The Central Bank of Nigeria (CBN) has issued a new directive requiring foreign investors to provide concrete evidence of their investment transactions before they can repatriate funds or dispose of their holdings. This move is aimed at ensuring transparency and accountability in the foreign investment landscape. In a circular signed by WJ Kanya, acting director, department of trade and exchange, …

Investors in the Nigerian equity market enjoyed a fairly profitable trading week on the NGX floor, gaining N480 billion in the just-ended trading week. This comes after a loss of N107 billion in the previous week. The bourse posted losses on two of the five trading days and made gains on three as equity markets began to recover from the …

Here are the top 10 stories making headlines across the country. 1. New trouble for Ganduje as Kano government files new charges against him and three others The Kano State Government has filed fresh fraud charges against former Governor Abdullahi Ganduje, Local Government Commissioner Murtala Garo and two others – Lamin Sani and Muhammad Takai.Read more 2. Staff and patients …

Nigeria’s equity market closed the week with a gain of N270 billion by investors on Friday. This follows the increase in stock prices such as JULIUS BERGER, ETERNA, and UCAP among others on the trading floor today. After five hours of trading in the capital market, equity capitalization rose to N55.9 trillion from N55.7 trillion recorded by the bourse on …

The Kano State Government has filed fresh fraud charges against former Governor Abdullahi Ganduje, his Commissioner for Local Government Murtala Garo and two others – Lamin Sani and Muhammad Takai. The indictment alleges criminal conspiracy, criminal breach of trust, making false statements or reports, and criminal misappropriation. According to the charge sheet, the accused were accused of misconduct in managing …

As the officer in charge of the Sabo Primary Health Centre, Matron Akande Akinlabi has witnessed firsthand the transformation of the facility she has served so diligently for years. However, the joy of the recent renovation has turned into a disturbing reality. “This renovation is good and I feel commendable, however, I think the government should look at the current …

Trade unions in Nasarawa State have issued a three-week ultimatum to Governor Abdullahi Sule to commence payment of the new minimum wage of N70,000 and settle workers’ entitlement arrears amounting to N250 million. Chairman of the Nigeria Labour Congress in Nasarawa State, Ismaila Okoh, made the demands at a press conference in Lafia on Thursday, warning that failure to meet …

Here are the top 10 stories making headlines across the country. 1. PROTEST: Sanusi says security forces knew of planned looting in Kano but failed to act The 16th Emir of Kano, Alhaji Muhammadu Sanusi II, has explained why violence and looting occurred during the #EndBadGovernance protests in Kano State. Read more 2. Bode George to Tinubu: Review your policies …

Nigeria’s equity market maintained its positive trend on Thursday as investors earned N577 billion at the close of trading for the day. This follows the increase in share prices of several stocks such as MTNN, VITAFOAM, and UNILEVER among others on the trading floor today. After five hours of trading in the capital market, equity capitalization rose to N55.7 trillion …