The domestic bourse on Thursday maintained a positive trend as the value of transactions on the Nigerian Exchange Ltd. (NGX) advanced by 14.04 per cent. Specifically, investors traded a total of 309.71 million shares valued at N5.44 billion exchanged in 7,035 deals, in contrast to 518.95 million shares valued at N4.77 billion, in 7,781 deals exchanged on Wednesday. Meanwhile, the market capitalisation gained N259 billion or 0.46 per cent to close at N56.158 trillion, having opened at N55,899 trillion. The All-Share Index also rose by 0.46 per cent or 458 points to close at 99,276.03 points, as against 98,818.04 recorded…
Author: Editor
The Federal Government has inaugurated a 5.2 million Standard Cubic Feet per day (mmscfd) Compressed Natural Gas (CNG) plant in Lagos.
Vice President Kashim Shettima has called for the maximisation of Africa’s blue economy projected to hit $405 billion by 2030. Shettima made the call during the 2024 International Maritime Conference, Reginal Maritime Exercise and Maritime Exhibition, among other activities held at Naval Dockyard, Victoria Island, Lagos, on Thursday. The conference was titled: “Secured Maritime Environment: A Panacea for Unlocking Africa’s Blue Economy Potentials”. The vice president represented President Bola Tinubu at the conference which was organised in celebration of the 68th Anniversary of the Nigerian Navy. According to Shettima, the blue economy is estimated to be worth more than $1.5…
ASHENEWS reports that the first batch of pilgrims from Niger state were on Thursday airlifted to Medinah, Saudi Arabia for this year’s hajj exercise.
The Miners Association of Nigeria (MAN) says it is not entirely opposed to the Federal Government’s proposed increase in mining licence rates but government should be considerate in the review.
Enugu State Government says it is set to employ
no fewer than 400 clinical and non-clinical staff within its functional Primary Healthcare Centres (PHCs) to strengthen manpower needs.
Growth rate of Nigeria and other West African countries is predicted to rise from an estimated 3.6 per cent in 2023 to 4.2 and 4.4 per cent in 2024/2025. The African Development Bank (AfDB) Vice-President and Chief Economist, Kevin Urama, said this at Thursday’s highlight of the African Economic Outlook 2024. The report was inaugurated on the sidelines of the bank’s ongoing 2024 Annual Meetings in Nairobi, Kenya. The theme of the meeting is: ”Driving Africa’s Transformation: The Reform of the Global Financial Architecture. ” ”Growth is projected to pick up in West Africa, rising from an estimated 3.6 per…
The Defence Headquarters has said that troops have killed not more than 640 terrorists, arrested 1,051 suspects and rescued 563 kidnapped hostages in the month of May. The Director, Defence Media Operations, Maj.-Gen. Edward Buba, disclosed this while briefing newsmen on the operations of the Nigerian military on Thursday in Abuja. He said that some senior terrorist commanders and fighters have degraded the potency of the terrorists, as a result of intense pressure from the troops across theatres of operations. Buba further said that the troops apprehended some suspects including their logistic suppliers and informants. He added that the troops…
The Supreme Court on Thursday fixed June 13 to hear a suit filed by the Federal government against the 36 state governors over alleged misconduct in the handling of local government affairs
However, rather than building on its solid foundation, things seem to be falling apart for ECOWAS. Four of its member States – Guinea, Mali, Burkina Faso, and Niger, are under military rule, while the last three have served notice of their intention to withdraw from the regional organization, altogether.