The key market indicators of the nation’s bourse recorded first week gain on Thursday, rebounding by 0.38 per cent on renewed bargain hunting. Specifically, the All-Share Index improved by 96.06 per cent or 0.38 per cent to close at 25,520.97 against 25,424.91 posted on Wednesday. Similarly, the market capitalisation rose by N50 billion or 0.38 per cent to close at N13.313 trillion from N13.263 trillion achieved on Wednesday. The upturn was impacted by gains recorded in large and medium capitalised stocks, amongst which are; Zenith Bank, MTN Nigeria Communications, Guaranty Trust Bank, C&I Leasing and Access Bank. Capital market analysts…
Author: Abdallah el-Kurebe
The Defence Headquarters says the military has killed several Boko Haram/ISWAP terrorists and bandits and also arrested their collaborators in the Northwest and Northeast zones during an operation. The Coordinator, Defence Media Operations, Maj.-Gen. John Enenche, said this while giving the weekly updates on military operations across the country on Thursday in Abuja. Enenche said that between Sept. 2 and Sept. 9, troops had conducted several clearance operations and constant Intelligence Surveillance Reconnaissance missions as well as intensive air strikes. He said that during the period under review, the military rescued seven kidnapped victims, recovered rustled cattle, smashed illegal arms syndicates…
Attorney-General of the Federation and Minister of Justice Abubakar Malami, SAN, on Thursday inaugurated members of the 9th Commission of the Nigerian Law Reform and called on them to be guided by the rules and regulations as provided by the Section 2 & 8 (1) of the Act. Malami made the call on Thursday while inaugurating commissioners of the Nigerian Law Reform Commission chaired by Professor Jummai A.M Audi. The Minister asked them to ensure that all the rules and regulations relating to management of the human, material and financial resources of the Commission are adhered to in accordance to…
Napoli president Aurelio De Laurentiis has tested positive for the coronavirus a day after taking part in a Serie A meeting for club bosses, the team confirmed on Thursday. The 71-year-old De Laurentiis received the positive result from a test taken on Wednesday, said Napoli. But the Serie A club did not provide further details. Serie A hosted Wednesday’s meeting with representatives from the league’s 20 clubs in Milan. It was decided the league should form a new company, with the help of external investors, to market media rights. Potential consequences of De Laurentiis’ infection for the Napoli team were…
Kenyan security forces said on Thursday they have rescued 16 foreigners after busting a human trafficking ring along the Marsabit-Isiolo highway in Northern Kenya. The officers from the multi-agency special operations team said six suspects, who were ferrying the foreigners aboard three vehicles were arrested during an early Wednesday operation. “The minors were being transported in three motor vehicles along the Marsabit-Isiolo highway heading towards Isiolo general direction at Ngaremara area,” the Directorate of Criminal Investigations (DCI) said in a police report. According to the DCI, illegal immigrants had no relevant documents in their possession. “All the arrested aliens are…
Agricultural experts have said that foods produced using biotechnology were safe and would enable production of more foods in Nigeria owing to the increasing population and COVID-19 pandemic. The experts made the assertion at a day-three virtual media briefing of the African Green Revolution Summit 2020 with the theme: Feed the cities, Grow the Continent: Leveraging Urban Food Markets to achieve Sustainable Food System in Africa, currently holding in Kigali, Rwanda. Ms Patience Koku, Chief Executive Officer, Replenish Farms said that biotechnology would help Africa overcome the challenge in the food box. Koku said that all the…
The All Farmers Association of Nigeria (AFAN) has appealed to the Federal Government to address the challenges confronting maize cultivation and food sufficiency in the country. Dr Femi Oke, AFAN’s Chairman in Lagos State, who made the appeal on Thursday, was reacting to the recent approval given to four companies by the government to import maize and the release of 30,000 tons of maize from the national reserves to assist poultry feed millers. He said that lack of access to quality and hybrid seedlings, huge transportation and change in rain pattern were major challenges affecting maize production. …
Niger State House House Committee on Education, Science and Technology has said, only N58.8 million out of the N840.516 million allocated to education sector in the state’s 2019 budget was accessed by the education ministry. Malam Suleiman Gambo, Chairman of the Committee, and Member Representing Paiko Constituency, disclosed this during the presentation of a report at a plenary in Minna on Wednesday. The House had last month, mandated the committee to perform oversight function by interfacing with stakeholders; and visit affected schools to ascertain the level of dilapidation. Gambo disclosed that the committee discovered that out of…
The Minister of State for Power, Mr Goddy Agba, has disclosed that the Federal government plans to spend $2.3 billion on the first phase of the Presidential Power Initiative (PPI) projects, aimed at increasing the nation’s power transmission capacity to 7,000MW. The Minister disclosed this during the Nigerian Energy Forum (NEF 2020) Webinar in Lagos, tagged “Energy Solution for Sustainable Recovery” on Thursday. According to Agba, the various interventions are grouped into phases with the near term objective being to increase the transmission capacity from the current level of just over 5,000MW to 7,000MW. “The PPI is…
Attorney-General of the Federation and Minister of Justice, Abubakar Malami, has said that the Federal government of Nigeria is not considering any possibility of negotiations with P&ID. This is contained in a statement signed by Dr. Umar Jibrilu Gwandu, Special Assistant on Media and Public Relations Office of the Attorney-General and Minister of Justice and made available to Ashenewsonline on Thursday. “There will be no negotiation or talk of settlement with P&ID or any related party by or on behalf of the Federal Government of Nigeria. “The recent judgment of the English Commercial Court confirmed our view that…