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Investors in the Nigerian equity market had mixed results last week as the exchange recorded three gains and two losses during the period. The benchmark All-Share Index (ASI) fell -1.16% and closed the week at 95,973.45 points from 97,100.31 in the previous week. Similarly, investors lost N2.4 billion as market capitalization fell to N55.12 trillion from N55.13 trillion the previous …

Transforming Edo State: From Where We Are to Where We Should Be As we envision a brighter future for Edo State, one leader stands out with his proven track record and vision for progress. Senator Monday Okpebholo is the catalyst for change we need. With a verifiable track record of success, Senator Okpebholo has demonstrated his ability to drive growth, …

American tech conglomerate Meta has cracked down on an Iranian hacking group on messaging platform WhatsApp targeting the upcoming US elections. The company said in a statement Monday that it had disabled WhatsApp accounts connected to a “small cluster of possible social engineering activity” on the platform. IMeta revealed that it has traced the activity back to APT42, also known …

Nigeria Basketball Federation (NBBF) President Musa Kida has expressed satisfaction with the performance of the women’s basketball team, D’Tigress at the Olympics. The Nigerian women’s basketball team, led by coach Rena Wakama, defeated the world’s top basketball teams at the just-concluded Olympic Games in Paris. The D’Tigress beat Australia in their opening match, lost to hosts France and beat Canada …

A 13-year-old Fulani girl was allegedly kidnapped to death by local miners in Tipper Garage area of ​​Gwagwalada Area Council of the FCT. The secretary of the Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) council, Ibrahim Ciroma, confirmed the incident to Daily Trust on Sunday, August 25, 2024. According to him, the girl who went to sell milk on …

Residents of Jikwoyi Phase IV in the Federal Capital Territory voiced their anger and frustration on Monday over the failure of the Abuja Electricity Distribution Company to replace a faulty transformer that left them without electricity for two weeks. In his letter to the Managing Director of AEDC Zone 4, the chairman of the Landlords Association, Mr. Bolakale Akeem, accused …

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Monday approved Oando Plc’s $783 million acquisition of Nigerian Petroleum Agip Company (NAOC), saying it was in accordance with existing laws and procedures. Olaide Shonola, Head of the Upstream Regulator’s Public Affairs Unit, said in a statement that the NUPRC’s stated commitment to transparency and trust in the public’s right to know …

Ukrainian President Volodymyr Zelenskyy has firmly stated that Ukraine will not use its territories or its people as bargaining chips in peace negotiations with Russia. “We are not ready to use our territories as one of the options for a peace proposal. We do not exchange people or territories for proposals, our values ​​and our freedom, our democracy – we …

The equity market started the week on Monday, August 26, 2024 on a positive note as investors earned N36 billion at the end of the trading session. This follows an increase in the share prices of companies such as Eterna, Okomuoil, and Rtbriscoe among others on the trading floor. After five hours of trading in the capital market, equity capitalization …

Nigeria’s currency, the naira, started the week on a low note, weakening by N26 against the US dollar on Monday, August 26, 2024. The domestic currency trades at N1,596/$1, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) has shown. This is in contrast to the exchange rate of N1,570/$1 traded on Friday, August 23, 2024. The intraday high and …