#featured

NGX ROUNDUP: Equity markets recover as capitalization surges by N837 billion

Investors gained N837 billion as equity market capitalization recovered from a slight slump last week. The market strengthened in two of the four trading sessions as the market value increased to N129.8 trillion from N128.9 trillion recorded last week. The All-Share Index (ASI) appreciated by 0.39% to close the week at 201,698.89 points, up from 200,913.06 points recorded in the …

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ADC risks repeating Zamfara APC mistakes in 2019, INEC boss Amupitan hits back at David Mark, others

Chairman of the Independent National Electoral Commission (INEC) Prof Joash Amupitan has warned that the African Democratic Party (ADC) risks repeating the scenario that occurred in Zamfara State after the 2019 elections. Speaking on Arise television, Amupitan warned that every step taken by the election umpire in relation to the ADC leadership crisis had been determined by the courts, and …

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Top 10 stories from all Nigerian Newspapers, Friday, April 3

Here are the top ten stories from across the country 1. ADC demands sacking of INEC chairman The National Chairman of the African Democratic Congress (ADC), David Mark, has demanded the removal of the Chairman of the Independent National Electoral Commission (INEC), Prof. Joash Amupitan, and all national commissioners. Read in full 2. Court rejects application by Wike loyalists to …

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NGX: Market capitalization falls by N3 billion amid bearish sentiment

Investors in the Nigerian equity market lost N3 billion at the close of trading on Thursday. This follows the fall in the prices of shares such as John Holt, Abbey Building and Intenegins, among others, on the stock exchange floor. The benchmark All-Share Index (ASI) fell to 201,698.89 points from 201,703.55 points recorded the previous day. After five hours of …

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ADC demands sacking of INEC chairman

The National Chairman of the African Democratic Congress (ADC), David Mark, has demanded the removal of the Chairman of the Independent National Electoral Commission (INEC), Prof. Joash Amupitan, and all national commissioners. Mark made the call on Thursday in Abuja, at a well-attended global press conference, held to address growing concerns about the commission’s role in the country’s electoral process …

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The court rejected an application by Wike loyalists to bar Sen Kingibe from the ADC

An ex-parte application filed by some leaders of the African Democratic Congress (ADC) seeking to bar Senator Ireti Kingibe from participating in the party’s activities was on Thursday rejected by the Abuja Federal High Court. The presiding judge, Justice Peter Lifu, rejected a request by party leaders in Wuse, Federal Capital Territory, who alleged that the senator had been suspended …

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Top 10 stories from all Nigerian Newspapers, Thursday, April 2

Here are the top ten stories from across the country 1. DSS detained El-Rufai following court indictment by ICPC Department of State Services (DSS) operatives on Wednesday detained former Kaduna governor, Nasir El-Rufai shortly after a hearing at the Federal High Court in Kaduna.Read more 2. ICPC indicted El-Rufai, 3 days after burying his mother The Independent Commission on Corrupt …

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INEC removed ADC leadership, triggering uproar across opposition parties

The Independent National Electoral Commission (INEC) has sparked a political storm after removing the names of David Mark and Rauf Aregbesola as National Chairman and National Secretary of the African Democratic Congress (ADC) from its official records. The decision, announced on Wednesday by National Commissioner and Chairman of the Voter Information and Education Committee, Mohammed Haruna, has drawn sharp reactions …

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The DSS detained El-Rufai following a court indictment by the ICPC

Department of State Services (DSS) operatives on Wednesday detained former Kaduna governor, Nasir El-Rufai shortly after a hearing at the Federal High Court in Kaduna. El-Rufai, who was facing corruption charges – brought by the Independent Corrupt Practices and Other Related Offenses Commission (ICPC) – when DSS agents entered, escorted him into a waiting vehicle and reportedly headed for Abuja. …

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