Saturday, April 5, 2025
The Nigerian Equity Market experienced a downturn on the first trading day of the week on Monday mirroring the broader global market decline. This decline resulted in a N93bn loss in market capitalisation which now stands at N55.40tn. The All-Share Index fell to 97,582.41 points, down 0.17 per cent from […]
Former President, Olusegun Obasanjo, has disclosed that the fuel subsidy, which was abolished by the President Bola Tinubu-led Nigerian government in 2023, has been reinstated due to soaring inflation. The revelation contradicts Tinubu’s declaration during his inaugural address on May 29, 2023, that fuel subsidy had been permanently removed. The subsidy’s […]
Top 10 Largest Refineries in the World
The Dr Abdullahi Ganduje-led National Working Committee NWC of the ruling All Progressives Congress APC on Tuesday summoned Senator Ali Ndume to explain his recent utterances against President Bola Tinubu which led to the former’s removal as Senate Whip. Speaking after the meeting, Dr Ganduje said the party was satisfied […]
The Central Bank of Nigeria (CBN) has granted approval for a financial accommodation to support the proposed merger between Unity Bank Plc and Providus Bank Limited. A statement by the CBN Acting Director, Corportae Communications, Mrs Sidi Ali Hakama on Tuesday, said, “This strategic move is designed to bolster the stability […]
The federal government says the Nigeria Youth Investment Fund (NYIF) has been restructured with a capital base of N110 billion to support youth-led businesses. The minister of youth, Jamila Ibrahim, stated this in Akure on Tuesday during a town hall meeting for South-West youths. Ms Ibrahim said since the relaunch of the NYIF, […]
Nigeria’s Favour Ofili ran another season-best time to finish second in heat 1 to qualify for the final of the women’s 200 metres event at the Paris Olympics Ofili finished in 22.05s behind newly crowned 100 metres Olympic champion, Julien Alfred who ran 21.98s. USA’s McKenzie Long finished third in […]
Katsina Billionaire Begins Cement Production, Builds $1.5bn Plant in Kogi, Rolls Out First Bag Another Nigerian billionaire, Dahiru Mangal, has reportedly completed a $1.5 billion cement plant in Kogi State. The facility has rolled out the first bag of cement and has promised to produce about 200 trucks daily The […]
Lagos State Governor, Mr. Babajide Sanwo-Olu, has urged agro and food processing companies to work toward reducing their prices during this time of economic hardship as a way of giving back to the society and ensuring food security in Nigeria. Governor Sanwo-Olu made the call on Thursday during a courtesy […]
Vice President Kamala Harris has secured enough votes from delegates to become her party’s nominee for president, Democratic National Committee Chair Jaime Harrison said Friday. The announcement was made before the online voting process ends on Monday, reflecting the breakneck speed of a campaign that is eager to maintain momentum […]