The key market indices of the Nigerian Stock Exchange (NSE) on Tuesday rallied to the all-time high, appreciating by 4.92 per cent. Specifically, the market capitalisation which opened at N14.402 trillion rose by N949 billion to close at N15.110 trillion. Also, the All Share Index rose by 1,354.88 or 4.92 per cent to close at 28,909.37 against 27,554.49 points on Monday. The uptrend was impacted by gains recorded in large and medium capitalised stocks, amongst which are; Dangote Cement, MTN Nigeria Communication, Presco, Nigerian Breweries and Stanbic IBTC Holdings. Consequently, the market breadth closed positive with 45 gainers compared with…
Author: Abdallah el-Kurebe
Governor Bello Matawalle of Zamfara says that his administration has entered into a N5 billion gold supply deal with the Central Bank of Nigeria, CBN. The governor made the disclosure on Tuesday in Gusau, at a press conference to present the 31-kilogramme Zamfara processed gold. He said that the state government would, at an agreed time during the year, supply the gold equivalent of the amount. “Following the global acceptance of the high quality of the gold dug from the state, the apex bank approached us with the deal, which we believe is a good business. “At the moment, we…
Governor Dapo Abiodun of Ogun on Tuesday, announced the donation of N5 million and a three-bedroom bungalow to the winner of the just-concluded Big Brother Naija reality show, Olamilekan Agbelesebioba He also appointed him as the Youth Ambassador of the state. Abiodun made the announcement when he played host to Agbelesebioba, popularly known as Laycon, in his office in Abeokuta He expressed the hope that his good character, excellence, good virtues, calmness and integrity would serve as a model to the youths in the state. “It is hoped that you will help inspire our teeming youths to channel their energies…
Gunmen have killed the acting Village Head of Wereng community in Riyom local government area of Plateau, Mr Chungyang Mwadkon. The gunmen are reported to have invaded the community at about 9 pm on Monday and also killed five other persons and injured many. Kim Francis, 32, who survived the attack with bullets wounds, said that the hoodlums were initially mistaken for members of the neighborhood watch. “We first thought they were members of the vigilante group because they were wearing boots and security kits, just like the community police, until they started shooting at us sporadically. “They kept shooting…
The Federal Road Safety Corps, FRSC, in Kano State, has confirmed nine persons killed and three others injured in a ghastly motor accident on Kano-Zaria Road. Mr Zubairu Mato, the Corps Commander, confirmed the incident in a statement issued in Kano on Tuesday. Mato disclosed that the accident occurred when two vehicles collided at Imawa village in Kura Local Government Area of the state. He said that the accident occurred at about 9:00 a.m. on Monday involving an articulated vehicle, a car and a tricycle. The commandant said the accident involved a trailer with registration number KMC158XW; a car with…
The National Bureau of Statistics, NBS, says Lagos State recorded the highest Internally Generated Revenue. IGR, of N204.51 billion in the first half of 2020. The NBS made this known in its Internally Generated Revenue at State Level (H1 2020) report made available on its website on Tuesday. It said the second state with the next highest IGR was Rivers with N64.59 billion, while Jigawa recorded the least IGR with N3 billion. Meanwhile, the IGR figure of the 36 states and Federal Capital Territory (FCT) was N612.87 billion in the period under review compared to N693.91 billion recorded in 2019.…
Kaduna state governor, Malam Nasiru El-Rufai on Tuesday presented a 2021 budget proposal of N237.52 billion to the state House of Assembly. El-rufai said the sum of N124 billion, which is almost 79 percent of the capital budget of N157.56bn is allocated to the Economic and Social sectors. The governor said that the huge allocation was to preserve investment levels in Education and Health, while continuing with the government urban renewal programmes. He said that the sum of N157.56 billion was set aside for capital projects, while N79.96 billion was for recurrent expenditure, representing 66:34 ratio. He said that the…
Governor Adegboyega Oyetola of Osun has approved the release of the sum of N708 million to offset pension arrears of retired civil servants in the state. The state Head of Service, Mr Festus Olowogboyega, said in a statement on Tuesday in Osogbo that N508 million was approved for the payment of pension of retired civil servants, while N150 million was approved to pay retirees under the contributory pension scheme. He added that additional N50 Million was approved for part payment of the gratuities of retired officers under the old pensions scheme. The Head of Service said that the list of…
By Abdul-Azeez Suleiman Universal history, the history of what man has accomplished in this world, is at bottom, the history of the great men who have worked here. They were the leaders of men, the modellers, patterns, and in a wide sense creators, of whatsoever the general mass of men contrived to do or to attain. As seems to be happening less often these days, highly influential and unique individuals who, due to their natural attributes continue to strive to serve humanity, still make a decisive historical impact. One lively member of the present day elite, enjoying the jets and…
Former President Goodluck Jonathan on Tuesday urged Niger Delta youths to shun violence and embrace peace for the development of the region and the country at large. Jonathan gave the advice when the executive of Movement for Survival of Izon Ethnic Nationality in the Niger Delta (MOSIEND), paid him a visit in Yenagoa. The former president cautioned them against restiveness in the region which he said supports the economy of the nation through production of oil and gas. Jonathan noted that youths remained the focus of most government development policies, saying that any attempt to cause violence would work against…