Transactions in the equities market on Thursday rebounded by N109 billion following buying interest in banking and industrial goods stocks. Consequently, the market capitalisation, which opened at N20.251 trillion, rose by N109 billion or 0.54 per cent to close at N20.360 trillion. Also, the All-Share Index rose by 208.71 points or 0.54 per cent to close at 38,914.84 from 38,706.13 recorded on Wednesday. The market gain was driven by price appreciation in large and medium capitalised stocks amongst which were; Guaranty Trust Bank, Zenith Bank, Dangote Sugar Refinery, Eterna and UACN. The market breadth was positive with 22 gainers against…
Author: Abdallah el-Kurebe
Much of the progress achieved in recent years in education, health and poverty eradication has been halted or reversed by the COVID-19 pandemic, says the Economic Commission for Africa. Hopestone Chavula, Officer-in-Charge, Macroeconomic Analysis Section, Macroeconomics and Governance division of the ECA, stated this at the ongoing 39th ECA Committee of Experts of the Conference of African Ministers of Finance, Planning and Economic Development. The event, holding in Addis Ababa, Ethiopia, was monitored through a webinar on Thursday in Lagos. Chavula said that fiscal deficits of African countries had widened due to increased governments’ expenditure to halt the spread of the…
President Muhammadu Buhari has approved the appointment of Mr Adedeji Zacch as the Executive Secretary of National Sugar Development Council (NSDC) for an initial term of four years. Buhari made the announcement in a statement on Thursday by Mr Willie Bassey, Director of Information, Office of the Secretary to the Government of the Federation. The statement said that Zacch’s appointment was in accordance with the provision of Section 5 (1) of the National Sugar Development Council (Establishment Act, 1993). The News Agency of Nigeria reports that Zacch holds a Bachelor of Science degree in Management and Accounting and Masters degree…
By AfricaNews Samia Suluhu Hassan is a soft-spoken, Muslim woman thrust from the obscure role of vice president to become Tanzania’s first female leader after John Magufuli’s sudden death. Under the constitution, Hassan, the country’s 61-year-old vice president, will serve the remainder of Magufuli’s second five-year term, which does not expire until 2025. She will also become the first female President in East Africa. After consulting with her Chama Cha Mapinduzi ruling political party, Suluhu will propose her possible successor as Vice-President – with the official appointment being confirmed by the National Assembly via votes of no less than 50%…
The African Union Economic and Social Council, ECOSOC, of the African Union, AU, has conferred two awards on Sokoto state governor, Aminu Tambuwal in recognition of his sterling leadership qualities, futuristic perspectives and championing of women/girls rights. The awards presented in Abuja on Thursday are: “AU African Role Model and Envoy of Good Governance” and “Ambassador for the New Decade 2020-2030 African Women Financial Inclusion in Nigeria”, scheduled to be inaugurated on March 30. The Nigerian Representative and Chairperson of the Council, Dr Tunji Asaolu, who was accompanied by the Special Adviser on Political Affairs and the head, Women and…
The Coalition of Northern Groups, CNG, says it came out of a fruitful meeting with officials of MultiChoice, operators of DSTV/GOTV brokered by the Director General of the Nigerian Broadcasting Commission, NBC, to settle the issue of non-inclusion of northern-based television channels on the DSTV platform. A statement by the spokesperson of the group, Abdazeez Suleiman on Thursday said the meeting held at the boardroom of the Commission, had in attendance all NBC magagenent officials, top national officials of the CNG and representatives of DSTV. “The meeting accepted three northern based television channels, Liberty, Tozali and Rahama for consideration by…
The Civil Society Legislative Advocacy Centre, CISLAC)/ Transparency International – Nigeria has thrown its support behind the Economic and Financial Crimes Commission, EFCC’s directives that operators in the Nigerian financial system, particularly bankers, should declare their assets as from June 1, 2021. This is contained in a statement by the Executive Director, Musa Rafsanjani on Thursday. The Centre called on the Central Bank of Nigeria, CBN, the National Assembly, NASS, and other stakeholders to also support the anti-corruption agency on the nobel course. According to him, the directive by the chairman of the anti-graft agency, Mr Abdulrashed Bawa is “in…
The National Bureau of Statistics (NBS) says there was an increase in active internet subscribers from 151.5 million in the third quarter to 154.3 million in the fourth quarter of 2020. It said this on Thursday in Abuja in its just published “Telecoms Data: Active Voice and Internet per State, Porting and Tariff Information (Q4 2020).” According to the report, this represents a 1.84 per cent growth in internet subscriptions Quarter-on-Quarter. The report also said there was a -0.32 per cent decrease in active voice subscribers in the Q4 from 205.2 million in Q3 to 204.6 million. The NBS said…
President Muhammadu Buhari says as far as Libya remains unstable, illegal arms and ammunition will continue to flow in the Sahel region of the African continent. Mr Femi Adesina, the President’s spokesman, in a statement, said Buhari stated this when he hosted outgoing Special Representative of the United Nations Secretary-General and Head of the United Nations Office for West Africa and the Sahel (UNOWAS), Mohammed Ibn Chambas, on Thursday at State House, Abuja. He said Muammar Gadaffi held a grip on power in Libya for 42 years by recruiting armed guards from different countries, who then escaped with their arms…
The National Drug Law Enforcement Agency, NDLEA, and the Ekiti government are collaborating with other critical stakeholders to tackle the scourge of drug abuse in the state. This was disclosed in a communiqué issued at the end of a one day townhall meeting with the theme, “Walk away from drugs”, organised by the state Ministry of Justice in collaboration with NDLEA in Ado Ekiti on Thursday. While the guest speaker and Chairman of the agency, Buba Marwa attended the meeting, Governor Kayode Fayemi was represented by his deputy, Otunba Egbeyemi and the state deputy speaker, Hakeem Jamiu, first class monarchs,…