archiveMay 27, 2021

  Transactions on the Nigerian Exchange (NGX) closed in red on Thursday, losing N99 billion on losses posted by Dangote Cement and 20 other stocks.Consequently, the market capitalisation which opened at N19.928 trillion dipped N99 billion or 0.99 per cent to close at N19.829 trillion. Also, the All-Share Index inched...

Dangote Sugar Refinery Plc says Nigeria can earn 700 million dollars foreign exchange annually through implementation of the Backward Integration Policy (BIP)  from sugar production. Chairman, Dangote Sugar Refinery, Aliko Dangote, said this at the company’s 15th Annual General Meeting on Thursday in Lagos. Dangote said that allowing for distortions...

 The following are the latest FIFA rankings for African countries, published in Zurich, Switzerland, on Thursday. World ranking    African ranking    Countries 22                            1                     Senegal 26                             2                    Tunisia 32                             3                     Nigeria 33                             4                    Algeria 34                             5                    Morocco 46                             6                   ...

President Muhammadu Buhari has pledged his readiness to bequeath a better Nigeria for present and future generations. Buhari in a release on Thursday by his spokesman, Garba Shehu, spoke at the State House, Abuja while hosting some children as part of activities to mark this year’s Children’s Day, with a...

The Nigeria Labour Congress(NLC) has reiterated its threat to emback on nationwide strike over plans to further increase the price of Premium Motor Spirit (PMS), known as fuel. The NLC President, Mr Ayuba Wabba said this in a communique jointly signed with Mr Ismail Bello, Acting General Secetary of NLC...

Human rights activist and lawyer, Femi Falana on Thursday said Nigeria is on the verge of collapse even as he has warned that the 2023 general election is threatened in view of series of attacks on INEC offices. Falana made his view known at the final sitting of the Senate...

Ellah Lakes Plc presented its 2019/2020 financial year to capital market stakeholders on the Facts Behind the Figures platform of Nigerian Exchange (NGX) Limited on Wednesday, 26 May 2021. The virtual event was hosted by the Divisional Head, Listings Business, NGX, Mr. Olumide Bolumole, and featured the Managing Director, Ellah...

Civil rights advocacy group, Human Rights Writers Association of Nigeria (HURIWA), on Thursday, tackled President Muhammadu Buhari for appointing a northerner as the Chief of Army Staff again. National Coordinator of HURIWA, Emmanuel Onwubiko, in a statement said the President’s refusal to appoint a COAS from the South-Eastern zone of...

Chairman, Independent National Electoral Commission (INEC), Prof Mahmood Yakubu, warned that a disruption to the electoral process would undermine Nigerian democracy and destabilize the country. Yakubu gave the waring in an emergency meeting with security agencies, under the auspices of the Inter-Agency Consultative Committee on Election Security, in Abuja on...

The Pentecostal Fellowship of Nigeria (PFN) has warned against the subterranean moves being made by some groups to introduce Sharia Law to South West of the country through the on-going constitutional review being carried out by the Senate. To this end, the Christian body warned the Senate not to succumb...