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After five hours of trading on the capital market, equity capitalization rose to N125.8 trillion from N126.5 trillion recorded by the exchange on Monday. Premier Paints, Sunu Assurance and Conoil led the gainers chart, with share price growth of 9.97%, 9.95% and 9.95% respectively, closing at N17.65, N4.75 and N204.40 per share, up from N16.05, N4.32 and N185.90 per share. …

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Kampala Convention: Kalu reacts as President Tinubu signs his bill for the protection of internally displaced persons in Nigeria Deputy Speaker of the House of Representatives Rt Hon Benjamin Kalu reacted as President Bola Ahmed Tinubu signed into law the African Union Convention for the Protection and Assistance of Internally Displaced Persons (IDPs), also known as the Kampala Convention, to …

Nigeria’s currency, the naira, recovered against the American dollar at the official window on Tuesday. Officially, Central Bank of Nigeria (CBN) foreign exchange data shows that the naira closed at N1,401.40/$1, compared with N1,405.62/$1 on Monday. This represents a loss of N5.81 for the local currency against the dollar. On the black market, the naira lost N10 against the dollar, …

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The Federal Government, in collaboration with the World Bank, has inaugurated the $500 million Sustainable Power and Irrigation for Nigeria (SPIN) project across the country. Minister of Water Resources and Sanitation Prof. Joseph Utsev on Tuesday said SPIN will strengthen dam safety, improve irrigation and hydropower, and support food security, economic growth and environmental sustainability nationwide. He added that the …