News

The equity market began the week on a bullish note as trading activities on the floor of the Nigerian Xchange closed positive Monday (18/12/2023) by 0.02%. The All-Share Index ASI increased to 72,404.91 from 72,389.23 recorded at the close of the trading on Friday December 15, 2023. Investors also made a profit of N8.58bn as market capitalization increased today by …

The ‘Reggae Blues’ crooner in a post shared on his official X handle (formerly Twitter) revealed that Kcee whom he described as a ‘bully’ collects 100% of all his royalties. Harrysong who had a huge fall-out with Kcee when he left 5 Star Music in controversial circumstances in 2016 also used the medium to beg Nigerians to appeal to his …

Newly designated ministers in Nigeria have begun their documentation ahead of swearing-in billed for Monday August 21, 2023. They are undergoing the documentation at the office of the Secretary to the Government of the Federation. The exercise which started on Saturday sees the ministerial nominees takes turns. The Permanent Secretary, General Services, Office of the Secretary to the Government of …

The Lagos State Head of Service, Hakeem Muri-Okunola, has resigned from the position. This followed his appointment as the principal private secretary to President Bola Tinubu. The presidency confirmed the 51-year-old’s appointment in a post on X platform, formerly Twitter, on Sunday night. Muri-Okunola confirmed his resignation in a statement shortly after he submitted his letter to Governor Sanwo-Olu on …

Police operatives in Anambra have arrested a landlady identified Amaka Okonkwo for allegedly pouring hot water on her tenant in the state. Residents told journalists on Saturday the landlady poured hot water mixed with pepper on the tenant, Imabong William, on Thursday for refusing to park out of the apartment located in Ukwu community, Njidoka local government area of the …

The Abuja Division of the Appeal Court on Monday, affirmed the re-election of Governor Ahmadu Fintiri of Adamawa State. The Appelate court by so doing, dismissed the petition filed by the All Progressives Congress (APC) and its governorship candidate in the March 18 gubernatorial election, Senator Aisha Dahiru Binani who had sought to invalidate the election results. In a unanimous …

The  Director-General of Oyo State Investment and Public Private Partnership Agency (OYSIPA), Mr. Olatilewa Folami, has restated the commitment of Governor  Seyi Makinde’s administration to reducing the state’s housing deficits. Folami gave the assurance recently during a project inspection tour of Rayfield Gardens City Estate and Fendini Homes along Olodo-Iwo Road in Ibadan. “Government’s priority to the provision of housing units across …

The coaching staff and players at Nigerian Premier Football League team Akwa United have been given a copy of the riot. This season so far, the Promise Keepers have only earned two out of a potential twelve points. In their home game on Sunday, they were held by Shooting Stars to a goalless draw. The technical staff and the players …

One of Nigeria’s foremost banks, First Bank of Nigeria Limited has launched another fully automated branch, the FirstBank Digital Experience Centre (DXC), in Wuse, Zone 2, Abuja. Chief executive officer of FirstBank, Dr. Adesola Adeduntan, CEO, on Tuesday, in Abuja, led other management staff members and some employees of the bank to launch the new branch. In his speech at …

Investors with Chams, Stanbic and IBTC pocketed N260 billion at the close of trading on Monday. This followed the growth in the market capitalization from N36.88 trillion to N37.14 trillion after five hours of trading today. Similarly, the All-Share Index rose by 481.43 basis points to close at 67,877.17, up from 67,395.74 ASI posted by the bourse last Friday. Investors …