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Daily Archives: March 9, 2018

Investors gain N27bn as market sustains rally

The equity segment of the Nigerian Stock Exchange on Friday ended the week in the green zone with the benchmark indices extending gain by 0.17 percent. In specific terms, the All-Share Index, which tracks the general market movement of all listed equities on the Exchange, including those listed on the Alternative Securities Market (ASeM), regardless of capitalization added 77.31 absolute ... Read More »

Buhari drives tractor in Jos

President Muhammadu Buhari was pictured driving a tractor in Jos, Plateau State on Friday while inaugurating the state tractor ownership scheme. The Governor of the state, Simon Lalong, and Minister of Agriculture, Audu Ogbeh, were among the dignitaries who witnessed the launch of the programme. Buhari arrived in Plateau on Thursday, his first visit to the state since he took ... Read More »

IWD: Diamond Bank, EDC partner to promote women empowerment

Diamond Bank Plc has announced its partnership with the Enterprise Development Center (EDC) of the Pan African University, in celebration of the International Women’s Day (IWD) 2018 while lending its voice to the call for more women in the society to continually press for progress, continue in their identified purpose and ultimately to pursue their passions. The event, which was ... Read More »

Panic as train knocks down female NYSC member

There was pandemonium in the Ikeja area of Lagos State after a female member of the National Youth Service Corps (NYSC) was yesterday knocked down by a moving train. The sad incident attracted the attention of people along the railway line. Revealing how the incident happened, an eye witness said: “the train was not moving at a high speed. People tried ... Read More »

Controversy over Ngige’s refusal to obey Buhari

The Minister of Labour and Employment, Dr. Chris Ngige, has failed to inaugurate the board of the Nigeria Social Insurance Trust Fund (NSITF) within the time-frame set by President Muhammadu Buhari. The Secretary to the Government of the Federation (SGF), Boss Mustapha, had issued a circular penultimate week directing all the ministers to inaugurate boards of agencies and parastatals of ... Read More »

IWD 2018: NSE, IFC, others seek govt’s commitment to gender equality

The Nigerian Stock Exchange (NSE), in partnership with the Sustainable Stock Exchanges Initiative, has described the International Women’s Day 2018 as another opportunity to empower women in all settings. The leadership of the exchange said this yesterday during a symposium organized by it to mark  the Day in Lagos. In his welcome address at the forum, the Chief Executive Officer ... Read More »

Adeosun tasks new boards of parastatals on reforms, performance

The Minister of Finance, Mrs. Kemi Adeosun, has charged the newly-inaugurated board members of the agencies on the need to adopt innovative reforms as a strategic option of achieving the parastatals’ mandate. The minister gave the charge yesterday while inaugurating the boards of four parastatals under the ministry in Abuja. Adeosun, who highlighted some of the projects currently being implemented ... Read More »

Nigerian crude faces glut as buyers reject cargoes

Indications emerged Thursday that a glut in Nigeria’s oil supply to the international market looms. A trader said the development comes as ample supply of light and medium grades from the North Sea and the Mediterranean continues to limit buying interest for Nigerian crude. The Nigerian cargoes, reckoned to be near 50 cargoes, was said to be weighing on the ... Read More »

Nigeria’s Musa hopes to end goal drought at CSKA Moscow

Nigeria international, Ahmed Musa, hopes that he will soon regain his scoring form at his Russian Premier League club CSKA Moscow. The speedy forward has failed score in his first four competitive matches for Moscow since rejoining the club during the January 2018 Transfer Window. Musa joined Moscow from English Premier League outfit Leicester City on a short-term loan deal ... Read More »

MTN plans to raise $500m from stock market

Nigeria’s mobile-phone network provider, MTN, plans to raise about $500 million from the sale of shares during the first half of the year. The move is to enable the company in fulfilling the terms of a deal struck with the Nigeria to settle a record fine imposed on it in 2016 over SIM registration default. Standard Bank Group Ltd. and ... Read More »