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The day of the week following Thursday and preceding Saturday.
At least twelve people have been kidnapped in two separate incidents in northern Nigeria, according to Nigerian officials and witnesses. Four individuals were abducted on Friday by armed men in a village in Zamfara state, while eight farmers were taken by members of Boko Haram on Saturday in a village in Borno state. Both groups reportedly demanded ransom for the release of the victims.
Wigwe University has released a press statement debunking the unauthorised admission offers sent to students for the upcoming 2023/2024 academic session. The institution warns prospective students to exercise caution and verify information only through the official university website.
Dr. Asema Msuega, a medical doctor who was abducted over a month ago, has been released after 33 days in captivity. The Nigerian Medical Association (NMA), Benue State chapter, confirmed the release and subsequently suspended their indefinite strike action. This article provides an overview of the abduction, the efforts made for Dr. Msuega's release, and the impact on the medical community.
The Jos Electricity Distribution (JED) has announced a planned power outage that will affect its customers in Plateau, Bauchi, and Gombe states. The outage, scheduled from August 28 to September 2, will last from 9 a.m. to 5 p.m. The interruption is necessary for the installation of new electrical infrastructure in the region. JED urges its customers to be patient and assures them of its commitment to improving services.
The Jos Electricity Distribution (JED) has announced a planned power outage for its customers in Plateau, Bauchi, and Gombe States. The outage will last from August 28 to September 2, between 9 a.m. and 5 p.m. The Transmission Company of Nigeria (TCN) has scheduled the outage to allow its contractors to make installations in the area.
After enduring 33 days of captivity, Dr. Asema Msuega, a medical doctor who was abducted in Benue State, has finally been released. The Nigerian Medical Association (NMA) confirmed the release of their colleague and subsequently called off the indefinite strike they had embarked on in protest of his abduction. Dr. Msuega's release was facilitated by the pursuit of security agencies involved in Operation Zenda.
Community members are not benefiting from constituency projects in Nigeria due to poor implementation, abandonment, and corruption by officials and contractors. The Community Monitoring Team of CODE is working to mobilize and empower citizens for effective public oversight on government spending. They have been successful in monitoring project implementation, engaging with officials, and advocating for community needs. The town hall meeting was organized to review project performance, strengthen engagement, and present monitoring tools for effective reporting. It is crucial for citizens to actively participate in budget preparation and monitoring for transparency and accountability in project implementation.
Nigeria's gross domestic product (GDP) grew by 2.51 percent in the second quarter (Q2) of 2023, but the growth rate is lower than the same quarter last year. The National Bureau of Statistics (NBS) attributed the growth rate to the challenging economic conditions. The services sector drove the growth, while the agriculture and industry sectors underperformed. Nigeria's daily average oil production also declined compared to the previous year, while the non-oil sector contributed significantly to the country's GDP.
Kogi State APC Chairman, Hon. Abdullahi Bello, has strongly refuted the rumors of Governor Yahaya Bello compromising party ideals and principles. In a recent statement, the chairman emphasized the party's commitment to upholding the constitution and ensuring due process. This article delves into the details of the denial while shedding light on the governor's loyalty to the party and his respect for its leadership.
Nigeria's GDP growth rate in the second quarter of 2023 has shown a decline compared to the same period in the previous year. The National Bureau of Statistics (NBS) attributes this slower growth to the challenging economic conditions prevailing in the country. While the Services sector remains a key driver of GDP growth, the agriculture and industry sectors have contributed less to the overall GDP. Despite the decline in the oil sector, the non-oil sector has shown positive growth, driven by various economic activities such as trade, crop production, and telecommunication.
The Nigerian Stock Exchange (NSE) experienced a significant positive shift on Friday, with the market value of listed stocks increasing by N860 billion. The market capitalization concluded at N35.881 trillion, and the All-Share Index (ASI) gained 157.09 points. This improvement signifies a commendable upswing, reflecting the positive trajectory of the stock market.
The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation experienced a 1.29% increase, reaching 65,558.91 points and N35.881 trillion respectively. The trading week showcased positive performance across most indices, with a notable few experiencing depreciation. The Financial Services Industry led in terms of volume, while equities in the Consumer Goods Industry accounted for a significant turnover in value. This article delves into the market's performance, highlighting the key sectors and equities that influenced the overall outcome.
The Nigerian Stock Exchange (NSE) experienced a positive shift in sentiment as market capitalization rose by N86 billion. The market capitalization reached N35.881 trillion, marking a 0.24% increase from the previous day. The All-Share Index (ASI) also saw a gain of 157.09 points, settling at 65,558.91 points. This article provides an overview of the market's performance, top gainers and decliners, trading activity, and notable stocks.
The National Assembly Election Petition Tribunal in Borno has upheld the election victory of Dr. Midala Balami, a member of the House of Representatives representing Askira-Uba/ Hawul federal constituency. The tribunal dismissed the petition brought by the ruling All Progressives Congress (APC) and its candidate, Mr. Tarpaya Asarya, for lack of merit. Dr. Balami's victory gives the opposition Peoples Democratic Party (PDP) a presence in Borno state, where all other positions contested were won by the APC. Supporters and members of the PDP celebrated the judgement in Maiduguri and the constituency.
The Kogi State All Progressive Congress (APC) Chairman, Abdullahi Bello, has dismissed reports of his state governor, Yahaya Bello, conceding party positions in the National Working Committee (NWC). Bello attributed the false news to the party's enemies. The leadership tussle within the party is being resolved, with all parties committed to upholding the party's constitution and due process. Governor Yahaya Bello remains dedicated to the principles of the APC and respects the party leadership.
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