archiveJuly 2023

The NGX All-Share Index and Market Capitalization appreciated by 3.89% to close the week at 65,003.39 and N35.395 trillion respectively. Similarly, all other indices finished higher with the exception of NGX ASeM which depreciated by 0.07% Seventy-three (73) equities appreciated in price during the week higher than 29 equities in...

  The Nigerian stock market closed the week with a strong performance, as equities investors  gained N584 billion. Even as the Market Capitalization grew by N584 billion on Friday, the market All-Share Index recorded a 1.68 per cent gain to close at 65,003.39 from the opening value of 63,930.72 points....

The National Agency for Food and Drug Administration and Control (NAFDAC) has advised Nigerians to shun the dangerous practice of the sale and consumption of fruits artificially ripened with calcium carbide. The agency also frowned on the illegal hawking of drugs in the open market because of its contributions to...

Nigerian Exchange Limited has announced the reclassification of Fidelity Bank Plc from small price stock to medium price stock. According to a statement from The Exchange on Friday, Rule 15.29 of the Rulebook of The Exchange, 2015 (Dealing Members’ Rules) notes that equities priced above N5 per share for at...

    The premium Fearless energy drink of Rite Foods Limited ignited the 'Embrace the Thrill' passion of consumers through various board games, football, and video games of different types, with a climax dubbed 'The Fearless Challenge,' an ice bucket contest where three winners emerged on Saturday, 15th of July...

  The United Kingdom authorities have reportedly launched proceedings to seize more than £100 million from former Delta State governor Mr James Ibori indicted for money laundering. According to Reuters, Jonathan Kinnear, the state’s senior prosecutor, told the court on Thursday that the total amount of money that should be...

  The Christian Association of Nigeria (CAN) on Friday urged the Federal Government to ensure that the fuel subsidy palliatives being considered should go beyond cash transfers. The FG, CAN said, should consider the introduction of mass transport across the states to reduce the cost of transportation. According to CAN,...

  The Nigeria Labour Congress (NLC) has accused the courts of being responsible for the present sufferings, hardships, and underdevelopment in Nigeria. NLC President Joe Ajaero made the accusation in his address at the closing ceremony of the 2023 Rain School of the Congress in Uyo, Akwa Ibom State. Ajaero...

Fuel Subsidy: Soludo urges colleagues to be sensitive, reduce long convoys   Governor Charles Soludo of Anambra state, has counseled colleagues from other states to be sensitive and reduce long convoys, following the removal of fuel subsidy. “Hey gentlemen, we would need to be sensitive to the times; we need...

A former Vice President and candidate of the Peoples Democratic Party (PDP) Alhaji Atiku Abubakar, has asked the Presidential Election Petition Court, PEPC, sitting in Abuja, to declare that he won the presidential election held on February 25, in 21 states. Atiku, in a final written address he filed through...