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Investors in the Nigerian equity market recorded a bullish trading session on the floor of the Nigerian Xchange Group (NGX) which gained N348.34 billion as market capitalization increased to N55.47 trillion from N55.12 trillion the previous week. This follows a loss of N2.4 billion in the previous week. The exchange recorded gains on four of the five trading days of …

The Naira fell against the US dollar on Friday, August 30, 2024. The local currency was trading at N1,598/$1 on official exchanges according to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM). This shows that N1,598/$1 is N5 higher than the N1,593/$1 traded on the official window the previous day. The intraday high and low prices recorded during the …

Here are the top 10 stories making headlines across the country. 1. Police summon Ajaero on new charges, and will appear on September 5 The Nigerian Police have invited Nigeria Labour Congress (NLC) President Joe Ajaero for questioning on suspicion of criminal intimidation.Read more 2. Suspected Boko Haram rebels attack Islamic school, killing 3 students in Yobe Gunmen suspected of …

Nigeria’s equity market closed on Friday with a gain of N98 billion for investors. This follows the growth in share prices of stocks such as Julius Berger, Deapcap and Oando among others on the trading floor. After five hours of trading in the capital market, equity capitalization jumped to N55.4 trillion from N55.3 trillion recorded by the bourse on Thursday. …

On Thursday, former Secretary to the Government of the Federation, Senator Anyim Pius Anyim, asserted that the offices of the Secretary to the Government of the Federation (SGF) and the Secretary to State Governments (SSG) were not established by law. In the first meeting of the SGF and SSG Forum, Anyim, who also serves as Senate Chair, explained that Article …

Here are the top 10 stories making headlines across the country. 1. New report reveals Nigerians paid N1.04 billion ransom to kidnappers in 12 months A new report released by security intelligence gathering and strategic consulting firm, SBM Intelligence, has revealed that Nigerians paid ₦1.04 billion in ransom to kidnappers in one year. Read more 2. Nigerian government approves 50% …

A new report released by security intelligence gathering and strategic consulting firm, SBM Intelligence, has revealed that Nigerians paid ₦1.04 billion in ransom to kidnappers in one year. In a report released Thursday, the company said 7,568 people were kidnapped in 1,130 incidents across the country between July 2023 and June this year. He added that the Federal Capital Territory …

Nigeria’s equity market recovered from trading losses on Thursday as investors gained N117 billion at the close of trading for the day. This follows the rise in share prices of the likes of Oando, Julius Berger and Cornerstone, among others on the trading floor. After five hours of trading in the capital market, equity capitalization jumped to N55.3 trillion from …

The Federal Government has announced it will subsidize electricity costs for public hospitals, approving a 50% subsidy on electricity consumption nationwide. Minister of State for Health and Social Welfare Dr. Tunji Alausa announced the subsidy on Thursday, stating that it aims to reduce the operational costs of public hospitals and ease the burden on patients. The subsidy follows Energy Minister …

Benue, a state in North Central Nigeria, is renowned as a major hub of food production in the country. For this, the state is acclaimed to be the ‘Food Basket of the Nation’. In recent years, however, its vast farming communities have been under siege by bandits, with inhabitants forced into either strange communities or Internally Displaced Persons camps (IDPs). …