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The bullish trading experienced in recent times on the Nigerian Exchange Limited slowed this past week, recording a gain of N8bn for investors. With market capitalisation ending at N35.994tn previous Friday, trading activities kicked off on a positive note on the NGX, appreciating to N35.539tn on Monday. It went higher to N35.932tn on Tuesday, but suffered a continuous decline in the next three trading sessions, following the announcement of an […]
The National Pension Commission has dismissed documents in circulation purporting that its Director-General, Mrs. Aisha Dahir-Umar, spent millions of dollars on travel during the COVID-19 pandemic. In a statement, PenCom described said the accusation against the director-general was a figment of the imagination of its promoters. It maintained that Dahir-Umar could not get the ‘humongous estacodes’ even if she spent two years outside the country. PenCom said, “Management would like […]
Price of petrol may to rise further as international market data revealed that the commodity has gained 20 per cent. At the beginning of 2023, Brent crude traded around $78 per barrel. However, last week, the international benchmark hit $83 per barrel. On the other hand, petrol prices started the year at less than $2.50 per gallon. Last week, it hit $2.90 per gallon, and analysts said it could reach […]
The Women’s World Cup being hosted by Australia and New Zealand is on track to be the best attended in the competition’s history, world football governing body FIFA has announced. Ticket sales have now exceeded 1.5 million in just five days, a new benchmark for any FIFA women’s World Cup event. At the 12 matches played by Tuesday morning, almost 364,000 people had attended games, Football Australia said. This represented […]
The Speaker of the House of Representatives, Rep. Tajudeen Abbas, has inaugurated an Ad hoc Committee to investigate the alleged $9.05 billion revenue loss from gas flaring in the last decade in Nigeria. Abbas, at the inauguration of the House ad hoc committee on Gas Flaring on Monday, charged the committee to get to the root causes of gas flaring and make recommendations to end the menace. He said that […]
Days after the management of the Nigerian Ports Authority and the Lagos State Government commenced the clearing of shanties along the port access roads, the NPA has said there is an increasing extortion along the access roads of the Lagos and Tin Can Island Port Complexes. This was contained in a statement on Tuesday by NPA. The authority had between July 16 and 18, rid the port corridor of shanties […]
A mild drama played out at the Federal High Court, Lagos between operatives of the Department of State Services and officials of Nigeria Correctional Service as they tussled over who keeps custody of the suspended Central Bank of Nigeria Governor, Godwin Emefiele. Emefiele was arraigned by the Federal Ministry of Justice for illegal possession of firearms and ammunition but was granted bail in the sum of N20m with one surety, […]
The BBC has apologised for a question it termed inappropriate by one of its reporters who asked Moroccan captain Ghizlane Chebbak about homosexuality during a press conference at the ongoing Women’s World Cup. The Daily Mail reports that the journalist, who reportedly works for the BBC World Service, asked Chebbak on Sunday, “We know that gay marriage is illegal [in your country]. Are there any gay players in the team? […]
Nottingham Forest will allow Emmanuel Dennis to leave the club this summer amid interest from Leeds United, sources have told Football Insider. Dennis had a tough campaign last season and Forest are prepared to let him leave which Leeds are aware of. The Premier League side also has a bloated squad and are willing to sell Dennis in order to strengthen their own attack. The Whites are set to lose […]
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