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Investors enjoyed positive moves last week following strong performances from stocks such as Airtel Africa Access Corp UCAP, and NAHCO among others. Nigerian equity markets rallied in four out of five trading sessions as the benchmark All Share Index (ASI) rose +0.87% to close at 100,539.40 points from 99,671.28 points in the previous week. Investors gained N320.84 billion as market …

US President Joe Biden has endorsed the candidacy of his Vice President Kamala Harris as the new Democratic presidential candidate for the 2024 presidential election. Biden made the announcement on his official X page on Sunday, shortly after withdrawing from the November US presidential election. He explained that it was in the interest of his party and the country to …

President Bola Tinubu said on Sunday that the Economic Community of West African States (ECOWAS) has allocated at least $13 million to support frontline counter-terrorism efforts and humanitarian efforts in the sub-region. Tinubu, according to a statement issued by his Special Adviser on Media and Publicity, Ajuri Ngelale, stated this at the Sixth Mid-Annual Coordination Meeting of the African Union …

The Federal Government has set a deadline of July 31 for all civil servants to complete the mandatory verification process through the Integrated Payroll and Personnel Information System (IPPIS) portal. This move aims to eliminate shadow workers and ensure payroll records are accurate. Concerns Addressed, Time Pressure Increases: The announcement follows unverified reports of plans to defer salaries for civil …

  News Analysis by Anthony Zurcher, [North America correspondent, BBC] Joe Biden has turned the US election on its head. After weeks of forcefully insisting that he would remain the Democratic presidential nominee, he bowed to pressure and withdrew from the race. Kamala and Biden Here’s what this means for Vice President Kamala Harris, for Democrats overall, and for Donald …

  Nollywood actress Yvonne Jegede has lost one of her adopted children to cholera. Olamide Ajimuda Jegede announced the heartbreaking loss of one of his adopted sons, Olamide Ajimuda, on his Instagram page. She explained how, despite her financial difficulties, she has managed to support three children on her own since 2019. The actress shared her grief and gratitude on …

Here are the top 10 headlines across the country 1. House threatens sanctions against oil companies over $60 billion cash-in-hand phone call probe The House Joint Committee on Finance and Petroleum Resources (Upstream) has issued a stern warning threatening punitive action against oil companies that refuse to cooperate in the ongoing probe into the alleged $60 billion embezzlement under the …

President Bola Tinubu has arrived in Accra, Ghana, to attend the 6th Mid-Annual Coordination Meeting of the African Union (AU), currently underway in the West African country. The President was welcomed by a delegation of Nigerian officials, including the Minister of Foreign Affairs, Ambassador Yusuf Tuggar, and the Chargé d’Affaires of the Nigerian High Commission in Ghana, Ambassador Dayo Adeoye. …

The House of Representatives Joint Committee on Finance and Petroleum Resources (Upstream) has issued a stern warning threatening punitive action against oil companies that refuse to cooperate in the ongoing investigation into an alleged $60 billion inflated cash call under the Joint Venture Agreement of the Nigerian National Petroleum Company Limited. Co-chaired by James Faleke (Finance) and Alhassan Ado-Doguwa (Petroleum …

Aliko Dangote, chairman of Dangote Industries Limited has revealed that he will no longer invest in the Nigerian steel industry following allegations of monopoly by some parties. Speaking recently during a tour of his oil refinery in Lagos, Africa’s richest man said the organisation’s board decided to avoid the steel industry “to avoid being branded a monopoly”. Dangote also said …