Investors at the Nigerian Stock Exchange recorded N37 billion in the domestic equity market driven by sell-offs in Tier One banking stocks on Friday. This comes as market capitalization at NGX opened at N56.615 trillion, shed N37 billion or 0.07 per cent to close at N56.578 trillion. Also, the All-Share Index (ASI) dropped by 0.07 per cent or 65 points, ending the day at 98,458.68 points, down from 98,523.56 points. Accordingly, the year-to-date return decreased by 31.68 percent. Sell pressure in Zenith Bank, FBN Holdings, and FCMB Group, alongside International Breweries, and Unilever, among others, dragged the market down. Market…
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Sevilla manager, Garcia Pimienta conceded Kelechi Iheanacho is still struggling to hit top form at the club, DAILY POST reports. The Nigerian arrived Sevilla in the summer with big reputation having established himself as a quality striker during his time in the Premier League with Manchester City and Leicester City. Iheanacho has however struggled to lived up to expectations, failing to record a goal or an assist in four league appearances for the Rojiblancos. Pimienta has however backed the forward to rediscover his best form soon. “He (Iheanacho) has quality, but he came a month late, training individually. He is…
Two Nigerians, Shodiya Babatunde (43) and Jamui Ahmed (31), have been indicted by the United States for their alleged involvement in a $13 million fraudulent business email scheme targeting healthcare companies in Minnesota. The U.S. Attorney’s Office for the District of Minnesota announced the charges on Thursday, revealing that the two suspects, along with co-conspirators, siphoned millions intended for Fairview Health into accounts under their control. According to U.S. Attorney Andrew Luger, Babatunde and Ahmed manipulated unsuspecting employees of several Minnesota-based healthcare firms, deceiving them into redirecting payments to fraudulent accounts. The scheme, which spanned from October 2020 to 2024,…
The details of the 15 charges brought by the Economic and Financial Crimes Commission, EFCC, against former governor Darius Ishaku have been revealed. DAILY POST reports that the EFCC arrested the former governor of Taraba State over an alleged fraud of N27bn. Ishaku was reportedly picked up at his Abuja residence in the early hours of Friday. Before the arrest, the charges against him were presented in the Federal Capital Territory, FCT High court in Abuja on Thursday. EFCC filed the indictment with 15 counts against Mr Ishaku and a co-defendant, a former Permanent Secretary of the Taraba State Bureau…
Israeli airstrikes target Hezbollah leader, headquarters, cause multiple explosions in Beirut Beirut’s Dahiyeh suburb was rocked by multiple explosions Friday evening following a targeted Israeli airstrike on Hezbollah’s central headquarters. The attack, part of Israel’s ongoing efforts against Hezbollah leadership, struck a building believed to house the militant group’s leader, Sayyed Hassan Nasrallah. His fate remains unconfirmed. According to The Jerusalem Post, the headquarters, which was constructed beneath residential buildings, was hit in what Israeli officials described as a critical strike. “Anyone in the Hezbollah headquarters will not get out alive,” a senior Israeli security official told army radio, noting…
Lebanon’s health ministry has said hospitals in Beirut’s southern suburbs will be evacuated. It urged hospitals in unaffected areas to stop admitting non-urgent cases. This was after the heavy Israeli strikes in the area. A ministry statement on Saturday called on hospitals unaffected by Israeli strikes to “stop receiving non-emergency cases until the end of next week in order to make space to receive patients from hospitals in Beirut’s southern suburbs which will be evacuated due to the developments in the aggression”, Agence France-Presse reported. The health ministry has yet to provide an updated toll for strikes. War: Lebanon evacuates…
The Nigerian government has said that it is working hard to reduce the cost of Transportation by 40 percent with the expansion and implementation of the Compressed Natural Gas Initiative amid the recent hike in the price of Premium Motor Spirit (Petrol). The Programme Director of the Presidential Compressed Natural Gas Initiative, Michael Oluwagbemi disclosed this during a Memorandum of Understanding signing in Abuja on Friday with representatives from the National Union of Road Transport Workers from Itakpe, Adavi, and Ajaokuta train station units and Ajaokuta train station units in Kogi State. According to him, the CNG as the perfect…
Abia Warriors head coach, Imama Amakpakabo, has expressed his fears ahead of his side’s clash with Kano Pillars. Imama pointed that the desperation of their opponent to make up for the home loss last weekend will make the game difficult. He added that Kano Pillars must not be underrated because of their fall in Kano. “Every team that loses at home will want to go out in the next game to regain the lost points. Pillars is a team you will never underrate despite that home loss,” Imama said in a post-match interview. “We will give them their due respect,…
Nasarawa United Technical Director, Kabiru Dogo, has encouraged his players to focus on their matchday four encounter against Ikorodu City. Dogo said the players need to take positive from the defeat against El-Kanemi Warriors to bounce back in the upcoming fixture. Nasarawa United will lock horns with Ikorodu City at the Mobolaji Johnson Arena, Onikan, Lagos on Saturday (today). “We can’t continue to dwell on it,” Dogo told Nasarawa United in a pre-match interview. “Our focus immediately turns to our next game against Ikorodu City FC in Lagos, and we are looking forward to the opportunity to bounce back. “We…
The Naira gained N126.64 against the dollar at the official foreign exchange market in 48 hours. FMDQ data showed that between Thursday and Friday, the Naira appreciated to N1540.78 per dollar on Friday from N1667.42 on Wednesday. This represents an N126.64 appreciation against the dollar between Thursday and Friday compared with the N1667.42 exchange rate on Wednesday. On a week-on-week basis, the Naira appreciated slightly compared to the N1541.52 exchange last week Friday at the official market. The gain means that the Naira responded positively at the official FX market to the intervention of the Central Bank of Nigeria in…