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Stock trading on the floor of the Nigerian Exchange Limited rallied with a total gain of N375.50bn last week despite the lower trade volume occasioned by the public holidays on Tuesday and Wednesday. The NGX All-Share Index closed 1.90 per cent higher to 38,667.90 basis points on Friday from 37,947.18bps the previous week, while the market capitalization rose to N20.15tn from N19.77tn. Investors’ trading volumes dropped by 11.27 per cent […]

The Federal Government has extended the deadline for NIN-SIM data verification to October 31. This was contained in a joint statement signed by the Director of Public Affairs of the Nigerian Communications Commission, Dr Ikechukwu Adinde, and the Head, Corporate Communications at Nigeria Identity Management Commission, Mr Kayode Adegoke issued on Saturday. According to the statement, the extension was due to a request by stakeholders to ensure that the registration […]

Nollywood actress, Iyabo Ojo has appreciated critics for making her more famous. In an Instagram post, the movie star was full of thanks for those who continuously defame her at every point. According to Iyabo Ojo, their constant hate has brought her fame. The mother of two further stated she would be showing proper appreciation to them by organising a giveaway even though she has blocked most of them on […]

The $1.5bn rehabilitation of the Port Harcourt Refining Company has commenced in full and part of the facility will start delivering refined products by September next year, the Nigerian National Petroleum Corporation has said.   NNPC officially signed the contract with Tecnimont SPA for the $1.5bn rehabilitation programme of PHRC on April 6th and parties in the agreement announced the commencement of the project.   Speaking on Tuesday on the […]

Nigeria is to ramp up crude oil production following the agreement reached by members and allies of the Organisation of Petroleum Exporting Countries to increase output. OPEC and its allies had agreed on Sunday to adjust crude oil production upwards by 400,000 barrels per day. It disclosed this in its Declaration of Cooperation resolutions reached at the 19th OPEC and Non-OPEC Ministerial Meeting held virtually. On decisions agreed upon by […]

President Muhammadu Buhari has said the vision of lifting 100 million Nigerians out of the poverty circle within 10years is still visible. Voting the optimism on Monday in Zhuduje-Daura, Katsina State, President Buhari said this can be achieved with more synergy between government and the people as well as diligence in diversifying the nation's economy. The president who commissioned the first national agriculture and land development authority integrated farmstead in […]

The National Bureau of Statistics (NBS) says the average price per litre paid by consumers for National Household Kerosene increased to N370.29 in June from N363.50 in May.   The bureau said this in its National Household Kerosene Price Watch June 2021, obtained from its website on Saturday in Abuja. The NBS said the price of kerosene increased by 1.87 percent month-on-month and by 10.84% year-on-year in the period under […]

The Economic Community of West Africa States has canvassed an increase in the Value Added Tax on luxury items including perfume, wine and other alcoholic beverages, fueling speculations about inflation on the items. According to ECOWAS, Nigeria remains the least VAT paying country in West Africa. The ECOWAS Director of Domestic Tax, Tiemtore Salifou, made the submission on the sideline of a two-day regional seminar on problems of tax transition […]