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Nigeria is once again grappling with civil unrest as calls for nationwide protests under the banner #EndBadGovernance gain momentum. The demonstrations, fueled by widespread dissatisfaction with economic and governance conditions, have raised fears of a potential repeat of violent clashes as witnessed during the 2020 #EndSARS protests. Background The #EndBadGovernance movement emerged amid rising economic pressures, rampant corruption, and the …

Here are the top 10 stories making headlines across the country. 1. Nigeria declares prisons ‘red zones’ ahead of #EndBadGovernance protests The Federal Government has declared all 256 detention centres across the country as “red zones” ahead of the #EndBadGovernance protests scheduled to begin on August 1. Read more 2. The Hajj and Umrah Supervisory Commission investigates the Chairman of …

The Federal Government has declared all 256 detention centres across the country as “red zones” ahead of the #EndBadGovernance protests scheduled to begin on August 1. The Comptroller General of the Nigerian Correctional Service (NCoS), Haliru Nababa, gave the warning in a statement issued on Tuesday by the Public Relations Officer of the Service, Abubakar Umar, in Abuja. He asked …

Investors in the Nigerian capital market lost N171 billion at the close of trading on Tuesday This follows the fall in share prices of several companies such as UCAP, NESTLE and THOMASWY on the trading floor today. After five hours of trading in the capital market, equity capitalization declined to N55.5 trillion from N55.7 trillion posted by the exchange on …

The federal government has announced the sale of 50kg of rice at a subsidized price of N40,000, a 50% discount from the market price. This was done in an effort to address growing concerns over food affordability and defuse planned protests. Minister of Information and National Orientation, Mohammed Idris, revealed this information during a press conference at the presidential villa …

Here are the top 10 stories making headlines across the country. 1. IG orders police to secure #EndBadGovernance protesters across the country Inspector General of Police Kayode Egbetokun has instructed senior police officers to ensure the protection of participants of the #EndBadGovernance protests to be held on August 1-10, 2024. Read more 2. Tinubu signs minimum wage bill President Bola …

President Bola Tinubu on Monday signed the minimum wage bill. The President signed the bill at the State House, Abuja, in the presence of the Senate President, Godswill Akpabio and the House of Representatives Speaker, Tajudden Abbas. The National Assembly passed the N70,000 minimum wage bill last Tuesday. The new law increases the country’s minimum wage from N30,000 to N70,000. …

Investors in the Nigerian equity market started the trading week with a loss of N117 billion at the close of trading on Monday, July 29, 2024. This follows the decline in share prices of stocks such as CAVERTON, WAPIC, and ABCTRANS among others on the trading floor. After five hours of trading in the capital market, equity capitalization decreased to …

The Nigerian Communications Commission (NCC) on Monday ordered MTN Nigeria and other mobile telecommunications companies to reactivate blocked Subscriber Identification Modules (SIMs) based on the National Identification Number (NIN). MTN has in recent days blocked over 100,000 lines because their owners failed to link them to NIN. Details later… NCC orders MTN, others to reactivate blocked SIMs first appeared on …

As July draws to a close, investors had a tough week last week in the equity markets. Nigerian equity markets lost in four of the five trading sessions as the benchmark All Share Index (ASI) plunged -2.33% to close at 98,201.49 from 100,539.40 points in the previous week. Similarly, investors lost N1.32 trillion as market capitalization fell to N55.61 trillion …