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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 Minister of Niger Delta Affairs, Abubakar Momoh, met with former President Goodluck Jonathan and former Niger Delta agitator, Asari Dokubo, to discuss strategies to combat stolen crude, enhance infrastructure, and generate employment opportunities in the oil-rich region. The meeting was aimed at navigating the minister's role in line with President Bola Ahmed Tinubu's Renewed Hope Agenda.
Edo State Governor, Mr. Godwin Obaseki, has met with private school operators to seek their support in improving the quality of education and enhancing learning outcomes. Associations like APSON, AFED, and NAPPS were present at the meeting. The government aims to provide a conducive business environment for private schools and ensure access to inclusive and quality education. Private school operators have pledged to cooperate and submit a list of their members to the Directorate of Quality Assurance before September 15, 2023.
Popular Nigerian DJ, DJ Cuppy, has expressed her desire to become a full-time backup singer for singer and songwriter, Asake. Cuppy made this announcement after meeting Asake for the first time. She shared her excitement on social media and expressed her eagerness to work with Asake on her career development.
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.
Analyzing the first 100 days of President Tinubu's administration in Nigeria, this article explores his focus on women, youths, and the renewed expectations for the country. From economic reforms to youth inclusion, the article highlights key policies and appointments that reflect the commitment towards a better future for Nigeria.
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.
A recent report by a German publication claimed that President Bola Tinubu inherited the highest inflation rate in 20 years in Nigeria. However, a fact-check reveals that this claim is incorrect. The Central Bank of Nigeria's records show that Nigeria's highest inflation rate in the past 20 years occurred in August 2005, not in May 2023 when Tinubu took office. This article debunks the false claim and provides accurate information about Nigeria's inflation levels.
Rema and Selena Gomez's collaboration 'Calm Down' makes history by winning the Best Afrobeats award at the 2023 MTV Video Music Awards (VMAs). This remarkable duo beat out top Nigerian artists Burna Boy, Davido, and Wizkid to secure the inaugural win in the newly established category. 'Calm Down' gained international recognition for its fusion of Afrobeats and pop elements, along with chart-topping success on platforms like Billboard and Spotify.
Rema and Selena Gomez made history by winning the first-ever Afrobeats award at the 2023 MTV Video Music Awards (VMAs) for their collaboration on the song 'Calm Down'. The duo beat out stiff competition from notable African artists including Burna Boy, Wizkid, and Davido. The award symbolizes the growing global recognition of the Afrobeats genre and showcases the talent and impact of Nigerian and African artists on the international music scene.
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 first-ever Civil Society Week in West Africa concluded with a strong call to prioritize democracy, peace, and prosperity in the region. Participants from over 100 organizations across West Africa and partners from East and Southern Africa gathered in Lagos, Nigeria for the event. The discussions focused on the challenges posed by authoritarianism, shrinking civic space, and frequent coups in the region. The participants condemned coup attempts and emphasized the need for peaceful and democratic solutions to governance issues in the region. They also called for the protection of civic space, the reestablishment of the moral authority of the Economic Community of West African States (ECOWAS), and the adoption and implementation of protocols on democracy and good governance.
The Federal Capital Territory (FCT) Police Command has dismissed reports of 30 residents being killed in the Kuje Area Council due to a landslide caused by illegal mining activities. The Commissioner of Police, Haruna G. Garba, stated that the news is false and misleading, intended to create fear and panic among Nigerians. He assured the public that the FCT is the safest and most secure part of the country.
The Nigerian Exchange (NGX) closed in negative territory after equities fell by N294 billion due to the FTSE Russell downgrade of the Nigerian Stock Exchange. The downgrade prompted immediate selloffs, resulting in a plunge in equities. The All-Share Index (ASI) traded 0.80% lower, and the market capitalization of equities saw a loss of N294 billion. Several stocks experienced mixed trading sessions, with tier 1 banks recording negative sessions.
The People's Democratic Party (PDP) in Benue state has accused Governor Hyacinth Alia of colluding with his allies in Abuja to settle Fulani herdsmen on lands they displaced people from. The PDP has vowed to resist these alleged attempts by the governor. However, the governor's spokesperson has dismissed these claims as false and emphasized that the government's focus is on reconstructing homes for internally displaced persons (IDPs).
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