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Nigeria’s equity market continued its negative trend on Tuesday as investors lost N113 billion at the close of trading for the day. This follows the suspension of trading in some shares by the Nigerian Xchange Group (NGX) for failing to file its 2023 audit results. NGX Issuer Regulatory Department Head Godstime Iwenekhai, in a statement on Monday, announced the suspension …

The equity market started the week on a negative note as investors recorded losses of N8 billion at the end of the trading session on Monday, July 8, 2024. This follows the decline in stock prices such as PZ, CWG, CHAMS and others on the trading floor today. After five hours of trading on the capital market, equity capitalization decreased …

The Nigerian currency, the naira started the week against the US dollar on Monday, July 8, 2024 on a negative note. The local currency weakened by N14 to trade at N1,523/$1, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed. This is in contrast to the exchange rate of N1.509/$1 traded on Friday, July 5, 2024. The highest and …

Here are the top 10 stories making headlines across the country. 1. New twist as Rivers court issues order against recognition of Amaewhule-led Assembly The Rivers State High Court sitting in Port Harcourt on Monday issued an ex-parte interim order restraining the state Chief Justice and the Clerk of the state House of Representatives from recognizing the Martins Amaewhule-led state …

The Rivers State House of Representatives, under the leadership of Martin Amaewhule, has issued a seven-day ultimatum to Governor Siminialayi Fubara to resubmit the 2024 budget to the House. The state assembly faction allied to the Federal Capital Territory Minister, Chief Nyesom Wike, took this stance during its session held at an undisclosed location in Port Harcourt on Monday. It …

The Rivers State High Court sitting in Port Harcourt, on Monday, issued an ex-parte interim order restraining the state Chief Justice and the Clerk of the state House of Representatives from recognizing the Martins Amaewhule-led state House of Representatives. Justice Jumbo Stephen issued the order, which also prohibits them from dealing with Amaewhule and 26 others as members of the …

The Federal High Court, Abuja, last week nullified the Peoples Democratic Party (PDP) primaries declaring Asue Ighodalo as the party’s candidate in the September 21 governorship election in Edo State. In the same week, Foreign Minister Yussuf Tuggar said at least 7,000 people had been killed in terror attacks in West Africa in the first five months of this year. …

President Bola Tinubu has been re-elected as the chairman of the Economic Community of West African States, ECOWAS, during the 65th Ordinary Session of the Authority of Heads of State and Government at the Presidential Villa, Abuja, Nigeria. President Tinubu, who accepted his re-election, stressed the importance of financial commitment from member states to effectively address security challenges. He also …

The Socio-Economic Rights and Accountability Project (SERAP), has written to President Bola Ahmed Tinubu to ensure that the judgment delivered by Justice Deinde Isaac Dipeolu of the Federal High Court, Lagos, ordering the Federal Government to release details of the expenditure of N729 billion by the former Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadia Umar-Farouk, is complied …

A Lagos-based Federal High Court, in a landmark ruling, has ordered Mrs. Sadia Umar-Farouk, former Minister of Humanitarian Affairs, Disaster Management and Social Development to account for the payment of N729 billion to 24.3 million poor Nigerians over a period of six months. The court also ordered the former minister to provide a list and details of beneficiaries who received …