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Investors in the Nigerian equity market enjoyed a trading week of massive profit-taking as they raked in a whopping N607 billion on the floor of the Nigerian Xchange Group (NGX) as equity capitalization rose to N56.00 trillion from N55.39 trillion in the previous week. This follows a loss of N83.55 billion in the previous week. The exchange recorded gains on …

In a major milestone towards achieving energy independence, the Presidential Committee on the Sale of Crude Oil and Refined Products has announced that the loading of the first batch of petrol from the Dangote Refinery will commence on Sunday, September 15. Chairman of the Federal Inland Revenue Service (FIRS) and a member of the committee, Zach Adedeji, disclosed this at …

A Magistrates Court in Abuja has summoned Senator Monday Okpebholo, the All Progressives Congress (APC) candidate for the Edo governorship election on September 21, 2024, to appear over claims of age falsification. Judge Abubakar Mukthar ordered Okpebholo to appear in court on September 20, the day before the election, to answer charges of forgery and perjury. The summons follows a …

Here are the top 10 stories making headlines across the country. 1. Peter Obi says he is open to vice presidential role Former Anambra governor and Labour Party presidential candidate Peter Obi, in an interview with New Central TV, stressed that his main ambition is to see Nigeria progress, stating, “I don’t aspire to be the president of Nigeria. I …

Former Anambra governor and Labour Party presidential candidate, Peter Obi, in an interview with New Central TV Obi stressed that his main ambition was to see Nigeria progress, stating, “I do not aspire to be the president of Nigeria. I aspire to see Nigeria progress.” He expressed his readiness to support candidates who share his vision for a better Nigeria, …

To unmask the operations of the internet ponzi scammers, and the pains of their victims Muheeb Mashood explored different ponzi projects for months; investing in different projects while joining different WhatsApp platforms and Telegram groups. It was a Wednesday in June.The darkness impressed upon the night, while the birds chirped from their nests. The usual Sokoto hostile weather drove residents …

Here are the top 10 stories making headlines across the country. 1. CBN gives payment providers 30 days to start tracking POS transactions The Central Bank of Nigeria has issued a 30-day ultimatum to Payment Service Providers (PSPs) in the country to comply with revised routing instructions for Point of Sale (PoS) transactions.Read more 2. Spain, US, France, India and …

Nigeria’s equity market recovered from earlier losses on Thursday as investors gained N178 billion at the close of trading for the day. This follows a surge in the prices of shares such as FBNH, CAVERTON, and FLOUR MILL among others on the trading floor. After five hours of trading in the capital market, equity capitalization increased to N55.7 trillion from …

Here are the top 10 stories making headlines across the country. 1. In Borno, drinking funds and sitting allowances are given budget priority while Maiduguri and other areas face the worst floods in decades On Tuesday, September 10, 2024, social media, especially X, was flooded with images and videos showing houses and major roads completely submerged and residents of communities …

Investors in the Nigerian capital market lost N50 billion at the close of trading on Wednesday. This follows a decline in the prices of shares such as CWG, NNFM, and ACADEMY among others on the trading floor. After five hours of trading in the capital market, equity capitalization declined to N55.5 trillion from N55.6 trillion recorded by the bourse the …