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Investors in the Nigerian equity market lost N133 billion at the end of trading on Thursday. This follows the decline in the prices of stocks such as DAARCOMM, UPDCREDIT, and GUINEAINS among others on the trading floor today. After five hours of trading in the capital market, equity capitalization plunged to N56.6 trillion from N56.7 trillion posted by the exchange …

The naira continued its depreciation against the US dollar on Thursday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency fell by N8 to trade at N1,520/$1 on the official exchange today. This is higher than the N1,512/$1 it was trading at on Wednesday. The intraday high and low prices recorded during the day were …

A 61-year-old man who has not been identified died after being electrocuted during the rain in Lagos. State police spokesman Benjamin Hundeyin confirmed the news in a post on his X account on Thursday. He said the incident occurred during heavy rain in the Orile-Iganmu area of ​​the state on Wednesday. READ ALSO: Lagos urges calm after floods hit after …

Justice Inyang Ekwo of the Federal High Court in Abuja has ruled that the Edo State Peoples Democratic Party governorship primaries held on February 22, 2024, which resulted in the candidacy of Asue Ighodalo, are invalid. The court issued its judgment in a case marked FHC/ABJ/CS/165/2024, filed by the aggrieved delegates, particularly Kelvin Mohammed, acting as representatives, today, July 4. …

President Bola Tinubu on Thursday inaugurated the Presidential Economic Coordination Council (PECC) with a mandate to strengthen the economy. He also inaugurated the Economic Stabilization Program which aims to ensure food security, increase electricity supply, improve social welfare and health care, increase energy production, and overall economic transformation. In his speech at an event held inside the Council Chamber in …

Justice Oyindamola Ogala of the Lagos High Court, Ikeja, on Thursday sentenced a commercial bus driver, Elijah Shokoya, to 12 years in prison for killing an officer of the Lagos State Traffic Management Agency (LASTMA), Olawale Akinmade. Akinmade died on January 27, 2021. The Lagos State Government charged the convict with running over Akinmade while driving a blue-black Opel space …

Police officers in Lagos have stopped a 19-year-old woman who was attempting to commit suicide in the Ikorodu area of ​​the state. State police spokesman Benjamin Hundeyin revealed this in a post on his X account on Thursday. He said officers attached to the Ikorodu Area Command rescued the woman. The spokesperson said: “On June 29 at approximately 2:00 p.m., …

“Edo Guber: Okpebholo hails court verdict nullifying Ighodalo’s candidacy Senator Monday Okpebholo, the governorship candidate of the All Progressives Congress (APC) in the upcoming Edo State elections, has lauded the Federal High Court ruling that invalidated the primaries of the Peoples Democratic Party (PDP), which had Asue Ighodalo as its candidate. The court ruling, delivered on Thursday in Abuja, declared …

Police in Anambra State have rescued two victims of a building collapse in the state. The building located at Ekeoyibo Market, Amawbia in Awka South Local Government Area of ​​the state collapsed on Thursday morning. The state police command spokesman, Tochukwu Ikenga, confirmed the news in a statement in Awka. He said: “The command received a distress call about an …

Justice Inyang Ekwo of the Federal High Court, Abuja, on Thursday annulled the primary election that produced Asue Ighodalo as the governorship candidate of the Peoples Democratic Party (PDP) in Edo State. The judge gave the verdict in a lawsuit filed by some PDP members in Edo State led by Kelvin Mohammed. He annulled the election held on February 22 …