News

The downward trend in the Nigerian equity market continued on Wednesday as investors lost N80 billion at the close of trading for the day. This follows the decline in share prices of stocks such as OANDO, CUTIX, and ACADEMY among others on the trading floor. After five hours of trading in the capital market, equity capitalization dropped to N55.21 trillion …

The Peoples Democratic Party (PDP) has inaugurated a 17-member interim committee to run its affairs in Benue State for the next 90 days. The Acting National Chairman of the party, Umar Damagum, who inaugurated the committee in Abuja, urged the committee to reconcile the aggrieved members and various PDP groups in the state. He also tasked the committee to hold …

Nigeria’s Ademola Lookman was in action for Atalanta but failed to score as they lost 2-0 to Real Madrid in the UEFA Super Cup on Wednesday night. Lookman, who scored three goals in the Europa League final, saw his efforts at the Warsaw stadium negated as Kylian Mbappe was in fine form for Real. Mbappe, who joined the Spanish giants …

President Bola Tinubu has approved the appointment of four Permanent Secretaries for the Federal Capital Territory Administration (FCTA). Director of Press, Office of the FCT Minister, Mr. Anthony Ogunleye, disclosed this in a statement on Wednesday in Abuja. He said the appointment was necessary due to the impending retirement of two permanent secretaries and the formation of the Youth Development …

The World Health Organization (WHO) on Wednesday declared Mpox a global health emergency. This follows a surge in Mpox (formerly monkeypox) outbreaks in Africa. The virus has hit the Democratic Republic of Congo, where 14,000 cases and 524 deaths have been reported this year. WHO convened a meeting of experts to study the outbreak and make recommendations to its director-general, …

Police officers in Delta have killed a member of a kidnap syndicate and seized the gang’s weapons in Delta State. The state police spokesman, Bright Edafe, disclosed this to journalists on Wednesday in Warri. He said the suspect was killed by special forces commandos during a gun duel with suspected hoodlums in Ughelli on Monday. Edafe said: “On August 12, …

At least 11 people were killed and eight others injured in a car accident along the Port Harcourt-Enugu Expressway in Abia State on Wednesday. The Federal Road Safety Corps (FRSC) Sector Commander in the state, Mrs. Ngozi Ezeoma, confirmed the accident in a statement on Wednesday in Umuahia. He said the accident occurred at the Arongwa Village axis on the …

The naira slumped again against the American dollar on Wednesday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed the local currency fell by N4 to trade at N1,586/$1, up from N1,582/$1 it was trading at on Tuesday. The highest and lowest intraday prices recorded during the day were N1,595/$1 and N1,495/$1 respectively, indicating a narrow spread of N100\$1. …

The Nigerian Association of Resident Doctors (NARD) has issued an ultimatum to the government, threatening to go on a nationwide strike if their kidnapped colleague, Dr. Ganiyat Popoola, is not released by August 26. At a press conference in Abuja on Wednesday, NARD President Dr. Dele Abdullahi expressed the association’s frustration with the government’s inaction on the kidnappings. Dr. Popoola, …

In an aggressive crackdown on illegal oil sourcing in the Niger Delta, troops from the Nigerian Army’s Sixth Division have stepped up operations, achieving significant successes. According to Acting Deputy Director, Army Public Relations 6 Division, Lieutenant Colonel Danjuma Jonah Danjuma, ongoing efforts have resulted in the destruction of over 27 new illegal refining sites and the confiscation of over …