The Nigerian equity market started the week positively on Monday September 30, 2024 as investors made N57 billion at the end of trading on the floor of the Nigerian Exchange Group (NGX). This follows a surge in share prices, including AFRIPRUD (Africa Prudential Plc), ABBEYBDS (Abbey Mortgage Bank Plc) and NSLTECH (Secure Electronic Technology) on the trading floor. After five …
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The Naira started the week at a low, losing N1 and trading N1541/$1 at the official window
The Naira started the week on a losing note and traded at N1541.94/$1 on Monday 30 September 2024 against the American dollar at the official window The local currency traded at N1541.94/$1 at the official window according to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM). This shows that N1,541.94/$1 is N1.94 lower than the N1,540/$1 the currency traded …
Read More »President Tinubu will address the Nigerian people on the 64th anniversary of independence
President Bola Tinubu will deliver a national address on Tuesday, October 1, 2024 at 7 am, in celebration of Nigeria’s 64th Independence Day. The announcement was made by Bayo Onanuga, Special Advisor to the President on Information and Strategy, in a statement issued on Monday. Also read: Social Media Monetization: 7 hacks to maximize content creation in Nigeria The statement …
Read More »INVESTIGATION… All roar and no bite: Exposing Nigeria’s toothless election laws
For many Nigerians, electing a leader of unquestionable legitimacy — one chosen through free and fair elections, unmarred by violence and other criminal violations of election laws — will provide, at long last, national pride and faith in the electoral process as a genuine representation of the people’s decisions. But the 2023 general election is considered one of Nigeria’s most …
Read More »SERAP urges INEC boss, Yakubu, to comply with court orders to prosecute election violators or face contempt charges
The Socio-Economic Rights and Accountability Project (SERAP) has urged Professor Mahmood Yakubu, Chairman of the Independent National Electoral Commission (INEC) “to immediately and effectively enforce the decision ordering INEC to pursue bribery cases against state governors and deputies them, and others. election violations committed in the 2023 election.” The judgment was delivered on July 18, 2024 by Hon. Justice Obiora …
Read More »The Nigerian government is monitoring the organizer of the #FearlessInOctober protest — Onanuga
The Federal Government says it is monitoring organizers of the #FearlessInOctober protest scheduled for Tuesday, October 1, to ensure that the protest does not turn into rioting. The #FearlessInOctober protest was part of the #EndBadGovernance protests in August across the country that spoke out against the excruciating hardship, hunger and poverty in the country as a result of government policies …
Read More »Top 10 news stories from all Nigerian Newspapers, Sunday, September 29, 2024
Here are the top 10 stories making headlines across the country. 1. Peter Obi urges global leaders to address pressing challenges in Africa Peter Obi, the Labor Party’s Presidential Candidate in the 2023 elections, on Saturday, stressed the need for bold and transformative leadership to address Africa’s pressing challenges.Read more 2. Sanwo-Olu promised to support Edo governor-elect on the Lagos …
Read More »INVESTIGATION: With billions of dollars spent on borehole projects, Borno communities are still experiencing water scarcity
Based on the budget, the Borno State government has invested billions of naira to construct boreholes. However, findings by IMRAN RIDWAN shows that people in the state still need water On a cloudy Saturday afternoon in August 2024, in Dala Daleri community in Jere Local Government area of Borno State, a small child of about nine years old was seen …
Read More »Top 10 news stories from all Nigerian Newspapers, Saturday, September 28, 2024
Here are the top 10 stories making headlines across the country. 1. EFCC arrests former Governor Darius Ishaku over alleged N9.3 billion fraud The Economic and Financial Crimes Commission (EFCC) has arrested former governor of Taraba State, Darius Ishaku, over alleged N9.3 billion fraud.Read more 2. Edo government defends record amid calls for Oshiomhole inquiry The Edo State Government on …
Read More »NGX WEEKLY ROUND-UP: Investors reap N121.07 billion profit
Investors in the Nigerian equity market enjoyed a profitable trading week earning N121.07 billion on Nigerian Xchange Group (NGX) as equity capitalization rose to N56.78trn from N56.46trn in the previous week. This follows an increase of N454.86 billion in the previous week. The stock exchange recorded gains on three of the five trading days of the week Market capitalization rose …
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