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The equity market reversed four consecutive days of losses this week, with investors booking profits of N172 billion at the close of trading on Friday. This follows the growth in share prices of CUTIX, LEARN AFRICA, and CAVERTON, among others, on the trading floor today. After five hours of trading in the capital market, equity capitalization increased to N56.4 trillion …

President Bola Tinubu on Friday announced that the National Arts Theatre, Iganmu, Lagos, will henceforth bear the name of Nobel Laureate, Professor Wole Soyinka. Tinubu stated this in a statement issued to celebrate the 90th birthday of the renowned playwright and literary icon. The President praised Soyinka’s outstanding literary achievements and his unwavering commitment to human dignity and justice. Tinubu …

Here are the top 10 stories making headlines across the country. 1. Minimum wage: Tinubu meets labour leaders, talks to continue next week President Bola Tinubu and trade union leaders met on Thursday to discuss a new minimum wage for workers in the country. Read more 2. The military says it has uncovered planned attacks on critical infrastructure. Nigerian authorities …

Investors in the Nigerian equity market lost N188 billion at the end of trading on Thursday. This follows the fall in the value of shares of IKEJA HOTEL, HONEYWELL FLOUR, and SEPLAT among others on the trading floor today. After five hours of trading in the capital market, equity capitalization declined to N56.2 trillion from N56.4 trillion posted by the …

The Supreme Court ruled Thursday morning that the state governor’s action to withhold funds budgeted for local government administration was unconstitutional. The Court ruled that the Federal Government must pay sums due to the credit of Local Governments in the Federation directly to the Local Government Areas administered by democratically elected officials. READ ALSO: Supreme Court to rule on local …

To get water, residents are forced to use unsafe water supplies and poor sanitation to survive. Although billions of naira have been injected to provide drinking water to the people of Anambra State over the past few years by successive governments, many residents still struggle daily to access clean and drinkable water. THE GLORY OF CHIDALU report Visits to at …

Here are the top 10 stories making headlines across the country. 1. EFCC to arraign former energy minister, Sale Mamman over alleged N33 billion fraud on Thursday The Economic and Financial Crimes Eradication Commission (ECI) will arraign former Energy Minister Saleh Mamman over an alleged N33 billion fraud at the Federal High Court, Abuja, on Thursday. Read more 2. Minister …

The Nigerian equity market continued its negative trend on Wednesday with investors losing N2.18 billion at the close of trading for the day. This follows a decline in the value of THOMASWY, DAARCOMM and CWG shares among others on the trading floor today. After five hours of trading in the capital market, equity capitalization plunged to N56.456 trillion from N56.459 …

The Economic and Financial Crimes Eradication Commission (ECI) will arraign former Energy Minister, Saleh Mamman, over an alleged N33 billion fraud at the Federal High Court, Abuja, on Thursday. Mamman was sacked along with his counterpart in Agriculture and Rural Development, Sabo Nanono, by former President Muhammadu Buhari in September 2021. The former minister, who was arrested by the EFCC …

Nigeria’s average daily crude oil production rose to 1.27 million barrels per day (mbpd) in June 2024, the latest data from the Organization of the Petroleum Exporting Countries (OPEC) showed. According to the Monthly Oil Market Report (MOMR) released on Wednesday, July 10, 2024, the oil cartel said the production data was based on direct communication with Nigerian authorities. This …