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The Nigerian Equities Market closed the day bullish as the key market indicator inched up by 10.25bps while market breadth remained negative The NGX All-Share Index advanced by 0.02% to close at 49,171.70 basis points as against 0.06% loss recorded previously to close at 49,161.45 basis points at the end of the last trading session. In Naira terms, the […]

The Labour Partyโ€™s #ObiDatti23 Forward Ever Rally scheduled to be held on October 1, 2022, suffered a setback on Wednesday as a Federal High Court sitting in Lagos ordered the party and its supporters not to converge on the Lekki Toll-Gate. The court also held that while Obiโ€™s supporters cannot stop at the Lekki toll […]

The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) to 15.5 percent, from 14 percent in an aggressive move to fight inflation in the country. The Governor of CBN, Mr. Godwin Emefiele, disclosed this while briefing the press at the end of the 5th Monetary Policy Committee meeting in 2022, in Abuja, […]

Nigerian Equities Market resumed downtrend as the key market indicator dipped by 27.87bps while market breadth remained negative The NGX All-Share Index declined by 0.06% to close at 49,161.45 basis points as against 0.33% gain recorded previously to close at 49,189.32 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records […]

The federal government has withdrawn its earlier pronouncement  through the National Universities Commission (NUC) ordering vice-chancellors, pro-chancellors and governing councils to re-open federal universities. There had been earlier reports that the director, Finance and Accounts of the NUC, Sam Onazi, had signed a circular tagged NUC/ES/138/Vol.64/135, on behalf of the executive secretary of the commission, […]

The Nigerian Bourse (NGX) closed positive amidst buy-interests and sell-offs as activities of the bulls and bear drive up the broad market by 39 basis point. The All-share Index (ASI) depreciated by 0.39% to close at 49,218.35 points as against 0.33% loss recorded previously to close at 49,190.34 basis points at the end of the last trading […]

The national grid crashed to zero megawatts (MW) at 10:51am on Monday, causing a nationwide outage,according to Daily Trust . The development occurred days after electricity consumers said they had enjoyed improved supply. The national electricity grid as of 10am on Monday had 3,712MW generated from 21 Generation Companies (GenCos) before it dropped to 0MW […]

The Nigerian National Petroleum Company (NNPC) Limited has denied allegations that it is operating secret accounts. The state-owned oil giant said that it does not directly or through its upstream arm, the National Petroleum Investment Management Services (NAPIMS) operate secret accounts. The reaction followed reports that the House of Representatives committee probing all joint venture […]

The Nigerian Government has stated once again that the Transmission Company of Nigeria (TCN) is not for sale. This was disclosed by the Bureau of Public Enterprises (BPE) in a statement on Sunday evening, Reacting to news the FG was putting TCN up for sale, they stated that it is completely false in all its […]

In a move to reduce the nationโ€™s capital housing deficit and boost revenue for the FCTA, the Federal Government should introduce property taxes for unoccupied buildings in the Federal Capital Territory (FCT). This was disclosed by Senator Smart Adeyemi (APC-Kogi), on Thursday at the opening of the Senateโ€™s Committee on FCTโ€™s meeting in Abuja, according […]


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