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Here are the top 10 stories making headlines across the country. 1. EFCC to arraign former energy minister, Sale Mamman over alleged N33 billion fraud on Thursday The Economic and Financial Crimes Eradication Commission (ECI) will arraign former Energy Minister Saleh Mamman over an alleged N33 billion fraud at the Federal High Court, Abuja, on Thursday. Read more 2. Minister …

The Nigerian equity market continued its negative trend on Wednesday with investors losing N2.18 billion at the close of trading for the day. This follows a decline in the value of THOMASWY, DAARCOMM and CWG shares among others on the trading floor today. After five hours of trading in the capital market, equity capitalization plunged to N56.456 trillion from N56.459 …

The Economic and Financial Crimes Eradication Commission (ECI) will arraign former Energy Minister, Saleh Mamman, over an alleged N33 billion fraud at the Federal High Court, Abuja, on Thursday. Mamman was sacked along with his counterpart in Agriculture and Rural Development, Sabo Nanono, by former President Muhammadu Buhari in September 2021. The former minister, who was arrested by the EFCC …

Nigeria’s average daily crude oil production rose to 1.27 million barrels per day (mbpd) in June 2024, the latest data from the Organization of the Petroleum Exporting Countries (OPEC) showed. According to the Monthly Oil Market Report (MOMR) released on Wednesday, July 10, 2024, the oil cartel said the production data was based on direct communication with Nigerian authorities. This …

Nigeria’s equity market continued its negative trend on Tuesday as investors lost N113 billion at the close of trading for the day. This follows the suspension of trading in some shares by the Nigerian Xchange Group (NGX) for failing to file its 2023 audit results. NGX Issuer Regulatory Department Head Godstime Iwenekhai, in a statement on Monday, announced the suspension …

The equity market started the week on a negative note as investors recorded losses of N8 billion at the end of the trading session on Monday, July 8, 2024. This follows the decline in stock prices such as PZ, CWG, CHAMS and others on the trading floor today. After five hours of trading on the capital market, equity capitalization decreased …

The Nigerian currency, the naira started the week against the US dollar on Monday, July 8, 2024 on a negative note. The local currency weakened by N14 to trade at N1,523/$1, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed. This is in contrast to the exchange rate of N1.509/$1 traded on Friday, July 5, 2024. The highest and …

Here are the top 10 stories making headlines across the country. 1. New twist as Rivers court issues order against recognition of Amaewhule-led Assembly The Rivers State High Court sitting in Port Harcourt on Monday issued an ex-parte interim order restraining the state Chief Justice and the Clerk of the state House of Representatives from recognizing the Martins Amaewhule-led state …

The Rivers State House of Representatives, under the leadership of Martin Amaewhule, has issued a seven-day ultimatum to Governor Siminialayi Fubara to resubmit the 2024 budget to the House. The state assembly faction allied to the Federal Capital Territory Minister, Chief Nyesom Wike, took this stance during its session held at an undisclosed location in Port Harcourt on Monday. It …

The Rivers State High Court sitting in Port Harcourt, on Monday, issued an ex-parte interim order restraining the state Chief Justice and the Clerk of the state House of Representatives from recognizing the Martins Amaewhule-led state House of Representatives. Justice Jumbo Stephen issued the order, which also prohibits them from dealing with Amaewhule and 26 others as members of the …