Trade activities at the Nigerian Stock Exchange (NSE) closed on a negative note on Tuesday, declining by 1.83 per cent as profit-taking hit the market following investors’ moves to increase capital gains. All-Share Index dropped by 751.25 basis points or 1.83 per cent from 41,147.39bps the previous day to 40,396.14bps …

Trading activities on the floor of the Nigerian Stock Exchange on Monday opened the New Year on a positive note following gains recorded by major blue chip firms. The market performance indices, the NSE ASI and market capitalisation, appreciated by 2.18 per cent as some blue chip stocks recorded price …

Nigeria has borrowed a total of N32.2 trillion ( $84.57 billion) at the end of September 2020, the Debt Management Office announced on Thursday. The figure implies that the nation’s debt profile rose by N1.19tn between the second and third quarters of 2020. According to a breakdown provided by the …

The United Kingdom is releasing £47 million in aid to provide food, nutrition, water and shelter for vulnerable families in nine countries and regions. It said £7m of the funding will be made available in Nigeria through the World Food Programme and is estimated to reach 430,000 individuals with unconditional …

Over the 7 operation days closing on Dec 24, the value of Dangote Cement has jumped by 605 billion naira on the Lagos Stock Exchange, data provided by Capital IQ showed. This increase has supported the company’s stock performance with a stock that was already up 72.5% since the year …

Oil prices advanced on Tuesday, rising for the third time in four sessions, as traders were upbeat about rising fuel demand after the US House voted 275-134 on Monday to meet Trump’s demand for $2,000 relief checks from $600, sending the measure to the Senate for a vote. Adding the …

South African President Cyril Ramaphosa on Monday announced a ban on alcohol sales and said mask-wearing would be mandatory in public as his country became the continent’s first to record one million coronavirus cases. Ramaphosa said during a televised speech that alcohol would be temporarily banned from midnight to help …

Nigeria stands as the number one country in Africa in the International Monetary Fund, IMF, 2020 World Economic Outlook’s ratings of countries. Using countries’ GDPs, IMF ranked Nigeria among the first 26 countries in the world in the same position with an average 442,976 million U.S. dollars. Countries are sorted …

President Muhammadu Buhari has approved the redeployment of nine Permanent Secretaries in the Federal Civil Service. Folasade Yemi-Esan, Head of the Civil Service of the Federation (HOCSF), made this known in a circular she signed and issued in Abuja on Thursday. The permanent secretaries are: Musa Istifanus, from Ministry of Communication and Digital Economy …

The Federal Executive Council on Wednesday approved the engagement of a Civil Society Organisation, CSO, for monitoring the implementation of over $311million recovered in February 2020. This is contained in a statement by Dr. Umar Jibrilu Gwandu, Special Assistant on Media and Public Relations, Office of the Attorney-General of the …