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The Nigerian Exchange (NGX) rebounded from its recent bearish trend, as equities surged and market capitalization saw a significant gain. This positive turnaround was led by Transcorp and NASCON. The All-Share Index (ASI) closed 0.93% higher, while the market capitalization rose by N339 billion. DANGOTE SUGAR, NASCON, and NAHCO were among the top gainers, while COURTVILLE, ABC TRANSPORT, and TANTALIZER experienced losses. Despite lower trading activity in terms of volume, OANDO emerged as the most traded equity. ZENITH BANK and GTCO performed well, while BUA CEMENT, BUA FOODS, SEPLAT ENERGY, MTN NIGERIA, DANGOTE CEMENT, and AIRTEL AFRICA remained unchanged.
The ongoing investigation into the alleged financial fraud during Godwin Emefiele's time as Governor of the Central Bank of Nigeria has uncovered shocking revelations. With an estimated N7 trillion involved, the probe is set to expose the mismanagement and compromised regulations within the financial system. Despite facing pressure from influential figures, the investigative team is determined to unveil the truth and hold the perpetrators accountable.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the successful bidders for the Nigerian gas flare commercialisation programme. This initiative aims to harness gas released as a byproduct of oil production and eliminate routine gas flaring by 2035. The NUPRC awarded 42 companies/entities with 49 flare sites for development. These companies will now proceed to execute commercial agreements and obtain permits to access flare gas. KPMG will partner with the commission to ensure the successful outcome of the programme.
The Delta State Commissioner of Police has responded to a viral audio clip alleging the kidnapping and killing of twenty and ten individuals, respectively, in Delta State. The Commissioner has deemed the information false and an exaggeration, assuring the public of the command's commitment to maintaining security and safety.
The State Assembly Elections Petitions Tribunal in Delta State has annulled the victory of Alapala Anthony Ebitonmo, the lawmaker representing Burutu Constituency 1 in the Delta State House of Assembly. The court declared that the election recorded over-voting in certain units and ordered for a rerun in specific wards of the constituency. The Independent National Electoral Commission has been directed to withdraw the Certificate of Return issued to Alapala.
Nigerian police have launched a manhunt for kidnappers who recently abducted 10 travelers from two buses in the country's central region. The gunmen released 18 passengers following an intervention by local police and a vigilante group. The kidnappers have made contact with the families of the remaining victims, demanding ransom. The government assures that all hostages will be released unhurt.
The Nigerian police have launched a manhunt for 10 travelers who were recently kidnapped by suspected gunmen in the central region. The gunmen attacked two buses, waylaying 28 passengers who were on their way to Lagos. While 18 passengers were released unhurt, 10 victims remain in captivity, with the kidnappers making demands for ransom. The government is said to be in touch with the families and is committed to ensuring the safe release of the kidnapped individuals.
NiMet has released its weather outlook predicting thunderstorm and cloudiness across Nigeria from Tuesday to Thursday. The agency advises the public to take necessary safety precautions as heavy rainfall might lead to flash floods. It also urges airline operators to stay updated with weather reports for effective planning.
The Nigerian Meteorological Agency (NiMet) has predicted thunderstorms and cloudiness across Nigeria from Tuesday to Thursday. The agency highlighted specific states where these weather conditions are expected to occur. NiMet also cautioned the public about the possibility of flash floods due to moderate to heavy rainfall.
The camp of PDP's flagbearer, Atiku Abubakar, has criticized calls for his suspension, terming it as baseless and unreasonable. This demand, made by FCT Minister Nyesom Wike, is seen as an attempt to establish his dominance within the party. Atiku's campaign organization insists that Wike should be called to order.
The Federal University of Agriculture, Abeokuta (FUNAAB), has condemned the recent religious protests that disrupted academic and business activities on its campus in Ogun state. In a statement, the university's Registrar expressed concerns about the violation of the rights of individuals and emphasized the importance of maintaining a secure and identifiable campus environment. Furthermore, FUNAAB's impressive ranking among Nigerian universities was highlighted.
Anglican faithful in Imo state have thrown their weight behind Governor Uzodimma in the upcoming governorship poll on November 11. The decision follows a press conference held by the North East Development Agenda (NEDA) in Bauchi, where NEDA Chairman, Alhaji Salihu Magaji, addressed the media, stating that the recent reappointment of NEDC Board Members followed due process. The move by the Anglicans is seen as a boost for Uzodimma's re-election bid.
The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, has issued a stern warning to contractors involved in the rehabilitation of 135 roads in Abuja. He emphasized that contract variations will not be accepted and assured the timely completion of the projects within six months. The Minister also urged residents and traditional rulers to support the contractors and highlighted the significance of development in the face of temporary inconveniences.
The Governor of Ondo State, Rotimi Akeredolu (SAN), has abruptly cut short his medical leave in Germany to return home, following an alleged plot by his deputy, Lucky Aiyedatiwa, and lawmakers of the State House of Assembly to impeach him. There are reports of a power struggle and a political crisis within the Ondo State government. Akeredolu's return has plunged the Deputy Governor's camp into disarray and sent shockwaves through the State Assembly, as the impeachment plans were thwarted.
The leader of the INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has criticized the decision of Atiku Abubakar and Peter Obi to seek redress at the Supreme Court over the PEPT's judgment. In a recent message, Primate Ayodele stated that the appeal is a waste of resources and urged the opposition candidates to use their money to help the indigent people in Nigeria.
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