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The Manufacturers Association of Nigeria (MAN) has warned that the recent increase in the price of premium Spirit PMS petrol could lead to a fresh spike in inflation figures in the country. This in turn may affect the new purchasing power of many households further deepening poverty. The association further warned that Small and Medium Enterprises (SMEs), which often operate …

Here are the top 10 stories making headlines across the country. 1. Falana criticizes accusations of treason against #EndBadGovernance protesters Femi Falana, a prominent human rights lawyer and Senior Advocate of Nigeria, has criticized the increasing use of treason charges against protesters in Nigeria. Read more 2. NLC demands cancellation of fuel price hike and release of detained protesters The …

Nigeria’s equity market maintained its bullish sentiment on Tuesday as investors made N46 billion at the close of trading for the day. This follows the rise in share prices of stocks such as IMG, CIL EASING and GUINEAINS among others on the trading floor. After five hours of trading in the capital market, equity capitalization jumped to N55.67 trillion from …

Femi Falana, a prominent human rights lawyer and Senior Advocate of Nigeria, has criticized the increasing use of treason charges against protesters in Nigeria. Falana, who was speaking at a two-day international conference on anti-corruption and climate change in Abuja on Tuesday, slammed the allegations. On Monday, the Federal Government arraigned 10 leaders and organisers of the #EndBadGovernance protests, which …

After more than a year since its launch in May 2023, the Dangote Refinery, on Tuesday, launched its first Premium Motor Spirit (PMS), also known as petrol, from its 650,000 barrels per day capacity facility. This was even expressed by the company’s chairman, billionaire businessman Aliko Dangote, who stated that “today is a day of celebration” for Nigerians. He further …

Naira recovers against US dollar in official and parallel windows on Monday, September 2, 2024. The local currency was trading at N1,585/$1 on the official exchange according to the Nigerian Autonomous Foreign Exchange Market (NAFEM) data and N1,635/$1 on the parallel market. This shows that N1,585/$1 is N13 lower than the N1,598/$1 the currency traded at the previous day’s official …

For more than a year, especially since the start of the new administration by the federal and state governments in May 2023, questions have been raised about how each level of government spends the allocations disbursed to them every month. The Federal Account Allocation Committee (FAAC) is responsible for reviewing and adopting allocations of funds to the states of the …

The Independent National Electoral Commission (INEC) announced last week that the All Progressives Congress (APC) and 15 other political parties contesting the Edo State governorship election would sign a peace agreement ahead of the exercise on September 12. In the same week, former Kaduna State Governor Nasir El-Rufai slammed the politics of bitterness and jealousy in the state. This story …

The Nigerian equity market kicked off the new week and September on a positive note as investors raked in profits of N123 billion at the close of trading on Monday, September 2, 2024. This follows the rise in share prices of stocks such as Oando, IMG and ETranzact among others on the trading floor. After five hours of trading in …

The Nigerian stock market rallied again last week following strong performances from stocks such as Oando, Julius Berger, Eterna, Deapcap and others. After five days of trading, investors smiled home with profits of N348 billion last week. The Nigerian stock market rose in four of the five trading sessions as the All Share Index (ASI) rose 0.63% to close the …