The Nigerian equities market continued trading with positive sentiments on Wednesday with a growth of 1.05 per cent due to gains posted by Airtel Africa and 20 others. Thus, the All-Share Index advanced by 1.05 per cent to close at 43,476.75 from 43,026.23 posted on Tuesday. Accordingly, the year-to-date return rose to 1.8 per cent. Also, the market capitalisation which opened at N23.183 trillion inched higher by N243 billion or 1.05 per cent to close at N23.426 trillion. The upturn was impacted by gains recorded in large and medium capitalised stocks, amongst which are: Airtel Africa, Seplat Energy, Ardova, Nigerian…
Author: Newsdesk
BUA Foods on Wednesday joined the league of listed companies on the Nigerian Exchange Ltd (NGX) with the listing of 18 billion ordinary shares at N40 per share. The company listed by its introduction under the Consumer Goods sector of the NGX. Accordingly, the listing of BUA Foods’ shares added N720 billion to the market capitalisation of the NGX, further boosting liquidity in the Nigerian capital market and providing opportunities for wealth creation. It is expected that this listing would also increase the visibility of the food manufacturing, processing, and distribution company, BUA Foods, to investors on the African continent…
Nigerian government has officially declared bandits as terrorists. The gazette signed on November 25, 2021 by the Attorney General of the Federation and Minister of Justice, Abubakar Malami, was unveiled on Wednesday proscribing bandit groups in the North as terrorists. With the unveiling of the gazette, bandits will now face trial under the Terrorism (Prevention) Act 2011. “Notice is hereby given that by the order of the Federal High Court, Abuja in Suit No. FHC/ABJ/CS/1370/2021 dated 25th November, 2021 as per the schedule to this Notice and Activities of Yan Bindiga Group, Yan Ta`addan Group and other similar groups in…
President Muhammadu Buhari has disclosed that he will not order the release of leader of the outlawed Indigenous People of Biafra (IPOB), Nnamdi Kanu. The President, who stated this in an exclusive interview with ChannelsTV, said this is because he would not interfere with the judiciary. “There is one institution that I wouldn’t interfere with; that is the judiciary. Kanu’s case is with the judiciary but what I wonder is when Kanu was safely in Europe, abusing this administration and mentioning too many things, I thought he wants to come and defend himself on the accusations. “So, we are giving…
The Police in Zamfara said on Wednesday they neutralised two bandits along Funtua-Gusau road in Tsafe local government area. The spokesperson of the Command, SP Mohammed Shehu disclosed this while briefing reporters in Gusau. Shehu said the Police Special Forces neutralised two armed men while repelling an attempted attack on Tofa Community in Tsafe local government on January 4. According to him, the bandits stormed the highway in seven boxer motorcycles and blocked the road to abduct innocent travellers. “A brand new boxer motorcycle, live ammunition and mobile phones were recovered from the bandits,” he said. Shehu explained that the…
German pharmaceutical company BioNTech and its U.S. partner Pfizer want to jointly develop a vaccine against shingles. Shingles, which is also known as herpes zoster, is triggered by a virus which normally causes chickenpox in childhood, after that has cleared up, however, the virus remains in the nerve cells for life, and can cause shingles at a later stage. Typical symptoms of this include burning pain, followed by a spread of blisters on the skin. In rare cases nerve pain can persist for long periods after the rash has cleared up. It is to be the first such vaccine based…
The National Working Committee (NWC) of the Peoples Democratic Party (PDP) has approved the adjustment of its timetable and schedule of activities for the primary election, for the June 18 Ekiti governorship poll. The party disclosed this in a statement by its National Organising Secretary, Umar Bature in Abuja on Wednesday. Bature said that the state congress to elect the governorship candidate earlier scheduled for Friday, January 28 has been rescheduled for Wednesday, January 26. He said that under the adjusted schedule, the ward congress to elect 3-man ad hoc ward delegates earlier slated for Friday, January 7 to Saturday,…
Nigeria’s Amb. Isiaka Imam has assumed office as the Secretary-General of the D-8 Organisation for Economic Cooperation in Istanbul, Turkey. This is contained in a statement issued on Wednesday in Abuja by the D-8 country office in Nigeria. According to the statement, it is Nigeria’s turn to take the helm of affairs of the intergovernmental organisation. It stated: “It is the turn of Nigeria to take the helm of affairs of the intergovernmental organisation, therefore, Imam assumes duty as Secretary-General of D-8 based on principle of rotation in alphabetic order. “This is in consonance with article 9.3 of the D-8…
The Shari’a court ll sitting at Magajin Gari, Kaduna on Wednesday ordered a woman, Rahma Usman to move out of a house belonging to her former husband, Abdulbasit Sulaiman in 72 hours. The judge, Murtala Nasir gave the order in a ruling after confirming the divorce between the couple. The judge also ordered Sulaiman to pay N10,000 monthly feeding allowance to Usman until she completes her waiting period. Suleiman filed a suit against his former wife in November 2021, praying the court to compel his former wife to leave his house saying that she had completed her waiting period. He explained that he made one…
Poland’s President Andrzej Duda has tested positive for the Coronavirus. The 49-year-old is feeling well, has no serious symptoms and is under constant medical observation, the head of his Cabinet announced in Warsaw on Wednesday. Duda went into isolation in accordance with regulations. The head of state has reportedly been vaccinated with three shots. In Poland, the number of new Coronavirus infections is currently rising slightly again. On Wednesday, the Ministry of Health reported 17,196 new infections within 24 hours, in the same period, 632 people had died in connection with the virus. It is expected that the particularly contagious…