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The equity market started on a positive note on Monday, July 15, 2024 as investors earned N172 billion at the end of the trading session. This follows the increase in stock prices such as CUTIX, IKEJA HOTEL and ROYALEX among others on the trading floor. After five hours of trading on the capital market, equity capitalization increased to N56.608 trillion …

Airtel Africa, WAPCO, Dangote Sugar and PRESCO top the list of stocks to watch this week as investors struggle to recover from last week’s tiring trading session. Nigerian equity market plunged in four out of five trading sessions as the benchmark All Share Index (ASI) plunged -0.35% to close at 99,671.28 points from 100,022.03 points in the previous week. Investors …

It has been a forgettable week for investors in the Nigerian equity market after a cumulative loss of N139.89 billion in the just-ended trading week. The exchange recorded losses on four of the five trading days, but made a profit on only one trading day. Market capitalization dropped to N56.44 trillion from N56.58 trillion the previous week. Similarly, the All …

The Federal High Court sitting in Lagos, in a landmark ruling, has ordered Alhaji Lai Mohammed, former Minister of Information and Culture and the ministry of information to disclose details of the agreement between the Federal Government and X, formerly Twitter. The court said this was done to assess whether the agreement was compatible with the exercise of Nigerian citizens’ …

In a significant development for Nigeria’s energy sector, Aliko Dangote, CEO of Dangote Refinery, announced on Sunday that the Nigerian National Petroleum Corporation (NNPC) has seen its stake in the refinery reduced from 20% to 7.2%. Speaking at a press conference held in Lagos, Dangote clarified that the decline in NNPC’s holdings was a result of their failure to meet …

The recent seizure of 844 firearms at Onne Port in Rivers State has sparked a storm of controversy, with allegations of cover-ups and selective justice circulating within the Nigerian Customs Service. Firearms found in a shipment handled by Max Logistics were recovered at the premises of a private terminal operator at the port, raising questions about how such a large …

Here are the top 10 stories making headlines across the country. 1. APC tackles Ndume over ‘bizarre’ claims about Tinubu The All Progressives Congress (APC) on Saturday described Senate President Ali Ndume’s remarks on President Bola Tinubu as bizarre. Read more 2. ‘Judicial conspiracy’ – Afenifere blames Supreme Court ruling on local council autonomy Pan-Yoruba socio-political association, Afenifere, on Saturday, …

Former US President Donald Trump was shot in the ear Saturday while campaigning in Pennsylvania in an attack that drew condemnation from Republican and Democratic leaders as well as world leaders. The shooting, which US National Security Agency agents said was an assassination attempt, sparked panic among thousands of people attending a rally in the Pennsylvania town of Butler, according …

Pan-Yoruba socio-political association, Afenifere, on Saturday, condemned the Supreme Court ruling granting financial autonomy to local councils in the country. The top court on Thursday granted total autonomy to 774 local councils in Nigeria. The Supreme Court in its ruling on a suit filed by the Federal Government held that the action of state governors in withholding funds budgeted for …

The All Progressives Congress (APC) on Saturday described as bizarre a claim made by the Senate President, Ali Ndume, about President Bola Tinubu. In a programme on Arise TV on Friday, Ndume alleged that the president had been “locked up” by his aides in State House. He argued that former President Muhammadu Buhari was more accessible than Nigeria’s current leader. …