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Investors in the Nigerian equity market made a gain of N104 billion at the close of trading on Tuesday. This follows a surge in the prices of stocks such as NIDF (Nigerian Infrastructure Debt Fund), FBNH (FBN Holdings Plc), and ELLAH LAKES (Ellah Lakes Plc) among others on the trading floor. After five hours of trading in the capital market, …

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The United States said on Tuesday that the gubernatorial election in Edo State was peaceful. The National Electoral Commission (EC) on Sunday night declared the All Progressive Congress (APC) candidate, Senin Okpebholo, as the winner of the election, beating his Peoples Democratic Party (PD) rival, Asue Ighodalo. Okpebholo, 54, won 291,667 votes, beating Ighodalo who won 247,274 votes in the …

The naira weakened against the US dollar by N96 on the official exchange on Tuesday. The naira’s decline coincided with the decision of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) to raise interest rates to 27.25 percent. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency was trading at N1,658/$1, above the …