FG Demands Probe of Ekweremadu’s Attackers

economY

By: Onimisi-Momoh The Federal Government has called on German authorities to help probe the attackers of Sen. Ike Eweremadu in Nuremberg, Germany. In a statement issued on Monday by Nigerian Embassy in Berlin, the embassy also demanded that the attackers be tried in accordance with German laws. The embassy stated […]

Expect bumper harvest, NASC DG assures Nigerians

economY

Dr. Olusegun Ojo, Director-General, National Agricultural Seed Council (NASC), has assured Nigerians of a bumper harvest, good quality seeds, improved standard of living and an overall improvement in the Gross Domestic Product (GDP). Ojo gave the assurance after a meeting of partners on Friday at the council’s headquarters in Abuja. […]

NIGERIA IS CHAMPION AGAIN

economY

By Isaiah Ogunrinola: D’Tigress of Nigeria retained their Afro Basket title after they defeated host nation, Senegal in the final thereby retaining the title they won in 2017. This is their Fourth (4th) title. They won by 60-55 scoreline in a pulsating encounter over the weekend Playing in a packed […]

Nigeria equities lose N63bn amid sell pressure

economY

Trading on the nation’s bourse returned to negative territory on Tuesday with crucial market indices dropping by 0.46 percent following loses in 20 stocks. Specifically, the All-Share Index (ASI) decreased by 129.79 points, representing a loss of 0.46 percent to close at 27,820.57 against 27,950.36 posted on Monday. Also, the […]

Cotton can contribute 15% to GDP — Association

economY

The President, National Cotton Association of Nigeria (NACOTAN), Mr. Anibe Achimugu, says cotton has the capacity to contribute not less than 15 percent to Nigeria’s Gross Domestic Product(GDP) if properly harnessed. Achimugu, who made this known in an interview with News Agency of Nigeria(NAN), in Abuja, said as a cash […]

Inflation rate drops to 11.22% in June

economY

By Isaiah Ogunrinola: The National Bureau of Statistics (NBS) said on Monday that the inflation rate has dropped from 11.40% in May to 11.22% in June. NBS in the report said the June inflation rate of 11.22 percent represented a decrease of 0.18 percentage points over the rate recorded in […]

The downward trend persists on NSE

economY

Activities on the Nigerian Stock Exchange (NSE) continued on the losing streak on Tuesday with the market indices extending their loss by 0.49 percent. The All-Share Index, which opened at 28,341.03, shed 140.15 points or 0.49 percent to close at 28,200.88 due to negative sentiment. The market capitalization lost N68 […]

NSE: Investors net worth drop by N110bn

economY

The Nigerian equities market opened trading for the week on Monday in a negative mood with the market indicators shedding 0.79 percent. Specifically, the market capitalization shed N110 billion or 0.79 percent to close at N13.812 trillion compared with N13.922 trillion achieved on Friday. Also, the All-Share Index which opened […]

NSE: Investors lose N265bn

economY

The Nigerian equities market dipped further on Thursday with the market capitalization losing N265 billion within seven hours of trading due to price loses by blue chips. Specifically, the market capitalization closed lower at N13.993 trillion having lost N265 billion or 1.86 percent from the N14.258 trillion achieved on Wednesday. […]

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