The Nigerian Exchange Limited continued its bullish run as investors raked in a N241 billion gain on Wednesday. This comes as NGX market capitalization, which opened at N56.641 trillion, closed at N56.882 trillion. The All-Share Index also gained 0.42 percent to settle at 98,987.42 points on Wednesday against 98,568.59 points reported on Tuesday. Consequently, the Year-To-Date return increased by 32.38 percent. Market breadth closed positive with 31 gainers and 24 losers on the floor of the Exchange. Further analysis showed that on the gainers’ chart, Flour Mill and Seplat led by 10 percent each to close at N60.50 and N4,103.10…
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The Central Bank of Nigeria said it has sold foreign exchange worth $20,000 to eligible Bureau De Change operators at N1590 per dollar foreign exchange rate to tackle the FX crisis across the country. This was disclosed by the apex bank in a circular signed by the Acting Director of Trade and Exchange Department, W. J Kanya, on Wednesday. According to the CBN, the move will help operators meet retail market demand for eligible invisible transactions. “This is to inform the Bureau De Change Operators and the general public that the CBN will be providing additional liquidity to this segment…
Good morning! Here is today’s summary from Nigerian Newspapers: 1. The Economic and Financial Crimes Commission, EFCC, has filed fresh 16-count charges bordering on fraud against the former Governor of Kogi State, Yahaya Bello, before an FCT High Court. The charges, which were filed by the Federal Government through counsels for the EFCC, Kemi Pinheiro, Rotimi Oyedepo both Senior Advocates of Nigeria and 7 other lawyers, also joined one Umar Shuaibu Oricha and Abdulsalam Hudu as defendants. 2. The Federal Government has approved the increment of corps members’ monthly allowance from N33,000 to N77,000, effective from July 2024. The increment…
The Media Office of the immediate past governor of Kogi State, Alhaji Yahaya Bello, has accused the Economic and Financial Crimes Commission, EFCC, of being desperate to execute a hatchet job for unknown interests. The office also alleged that the anti-corruption agency was bent on tarnishing the image of the former governor for political reasons and other considerations best known to them. The media office, in a statement on Wednesday night, signed by its Director, Ohiare Michael, said this had been made evident by the various operational and procedural blunders committed by the anti-corruption agency since the inception of its…
No fewer than 100 media practitioners in Ebonyi State have benefited from free medical outreach of the state council of Nigeria Union of Journalists, NUJ. The free medical service was organised by the council in collaboration with Medical Women Association of Nigeria in the state. The outreach was part of the activities lined up by NUJ to mark this year’s Press Week, themed, “The Media Admits Economic Uncertainty.” The free medical outreach centred on health talks, blood and sugar screening, hepatitis, oral care and treatment, among others. Over 30 journalists who have teeth-related problems were treated by a team of…
The Senior Special Adviser to the President on Senate Matters, Senator Basheer Lado, said on Wednesday, that the appointment of Justice Kudirat Motonmori Olatokunbo Kekere-Ekun as the Chief Justice of Nigeria, CJN, is a demonstration of President Bola Tinubu ‘s respect for seniority in the judiciary. He gave this testament in Abuja while reacting to the acting CJN’s screening by the Senate on Wednesday. He said the appointment did not incur any misgivings among the hierarchy, but it speaks to her pedigree and the fact that the President has respect for the guidelines of appointment in the judiciary. While speaking…
The Rivers State chapter of the All Progressives Congress, APC, is once again embroiled in controversy, with former National Publicity Secretary of the defunct New Peoples Democratic Party, nPDP, Chief Eze Chukwuemeka Eze, tackling Tony Okocha, a self-proclaimed Caretaker Committee Chairman of the party. Eze, a prominent APC chieftain, described Okocha as a “jobber” and a “prying agent” acting at the behest of former Rivers governor and current FCT Minister, Nyesom Wike. He accused Okocha of meddling in the party’s affairs while masquerading as a legitimate leader, despite a court ruling recognising Chief Emeka Beke as the rightful chairman. Eze’s…
The Minister of the Federal Capital Territory, FCT, Nyesom Wike, has directed the Department of Development Control of the FCTA to embark on the demolition of structures obstructing roadways in the Kugbo International Market. The minister gave the directive on Wednesday, September 25, 2024, during an inspection tour of the Kugbo International Market, which is under construction, as well as the structure proposed to house the new Ministry of Livestock Development in the Central Business District. Wike, who said that the market was a public-private partnership project between the Abuja Investment Company, AICL—an agency of the FCT Administration—and Mesotho Group…
Rangers and Enyimba won their rescheduled Nigeria Premier Football League fixtures on Wednesday. Holders Rangers recorded a 1-0 away win against Ikorodu City at the Mobolaji Johnson Arena, Onikan, Lagos. Captain Chinemerem Ugwueze’s 25th-minute strike separated both teams on the night. The win was Rangers’ first in the NPFL this season. Ikorodu City have recorded just one point from three games. Enyimba claimed a 2-1 victory over Lobi Stars in Aba. Yemi Olanrewaju’s side raced into a 2-0 lead with goals by Chinedu Ufere in the 13th minute and Eze Ekwutoziem from the penalty spot after 16 minutes of action.…
Football pundit Mohammad Al-Deayea has said Al Nassr players were jubilant when former boss Luis Castro was sacked. He said the players felt that the coach preferred superstar forward Cristiano Ronaldo over other stars in the club. The Knights of Najd decided to sack Ronaldo’s compatriot after a poor start to the season. The Pro League giants were seventh in the table, with just five points in three games when Luis Castro was finally dismissed on September 17. Former Al-Hilal goalkeeper Mohammad Al-Deayea said on the Dorina Gear programme (via Ysscores): “There are some players who celebrated after Castro’s dismissal,…