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Investors in the Nigerian equity market made a gain of N104 billion at the close of trading on Tuesday. This follows a surge in the prices of stocks such as NIDF (Nigerian Infrastructure Debt Fund), FBNH (FBN Holdings Plc), and ELLAH LAKES (Ellah Lakes Plc) among others on the trading floor. After five hours of trading in the capital market, …

The United States said on Tuesday that the gubernatorial election in Edo State was peaceful. The National Electoral Commission (EC) on Sunday night declared the All Progressive Congress (APC) candidate, Senin Okpebholo, as the winner of the election, beating his Peoples Democratic Party (PD) rival, Asue Ighodalo. Okpebholo, 54, won 291,667 votes, beating Ighodalo who won 247,274 votes in the …

The naira weakened against the US dollar by N96 on the official exchange on Tuesday. The naira’s decline coincided with the decision of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) to raise interest rates to 27.25 percent. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency was trading at N1,658/$1, above the …

At least four people died in a canoe accident in Dikwa, Borno State, on Monday. State police spokesman Nahum Daso said in a statement on Tuesday that the canoe sank in floodwaters at Bakassi community along Maiduguri Road, Dikwa, at about 4:00 p.m. on Monday. He said the victim was a woman. READ ALSO: Four people die in boat accident …

Chelsea progressed to the next round of the EFL Cup after they thrashed Barrow 5-0 in their third round tie, with Christopher Nkunku scoring three goals. At the Etihad Stadium, Manchester City also advanced to the fourth round after beating Watford 2-1. There will be more… Carabao Cup: Nkunku hat-trick as Chelsea cruise; Man City beat Watford first appeared on …

At least five police officers were killed in a car crash in Karfi town in Kura local government area of ​​Kano State on Tuesday. State police spokesman Abdullahi Kiyawa, who confirmed the incident in a statement, said 11 other police officers were injured in the accident. He said the officers were returning to Kano from official duties when the accident …

Private Business Development Center [CPPE] has warned that decisions taken by the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) will be detrimental to the economy. CBN Governor Olayemi Cardoso, who held earlier on Tuesday in Abuja, announced the committee’s decision to further raise the Monetary Policy Rate (MPR) by 50 basis points from 26.75% to 27.25% to tighten …

Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has blamed excessive printing of the naira and other policies initiated by his predecessor, Godwin Emefiele, for the country’s current economic situation. He also cited the fall in oil prices in the international market as another cause of the problem. Cardoso stated this on Tuesday at a press conference at the end …

The All Progressives Congress (APC) has issued a stern warning to Yiaga Africa, a civil society organisation accredited by the Independent National Electoral Commission (INEC) for the general elections, to stop second-guessing the commission’s results in the Edo State governorship election. In a statement issued on Tuesday, the APC National Publicity Secretary, Felix Morka, stressed that INEC was the sole …

Nigeria, known as the leading fencing nation in Sub-Saharan Africa, will host the Fencing World Cup this December. The event is sanctioned by the Swiss-based International Fencing Association. Federation (FIE). Absolute Fencing, a leading fencing equipment manufacturer based in The United States, has donated five aluminum piste fences (each measuring 1.5 m x 17 m). m) worth N40 million. Gary …