By Seun Ibiyemi Total dollar inflows into Nigeria’s foreign exchange market declined by more than 26 per cent to $689 million during the review period, reflecting the impact of the Central Bank of Nigeria’s (CBN) continued absence from the market for six consecutive weeks. According to data compiled by Coronation Research, the sharp decline in…
…As first Cohort graduates from tech empowerment programme By Seun Ibiyemi Egbin Power Plc has graduated the first cohort of participants in its Tech Empowerment Programme, reinforcing its commitment to equipping young people in its host communities with digital skills needed to thrive in the modern economy. At a graduation ceremony held at the Bright…
By Seun Ibiyemi The Nigerian stock market rebounded on Monday, ending a six-session losing streak as investors gained N1.518 trillion, driven largely by renewed buying interest in banking and insurance stocks. The recovery was led by strong performances in equities such as First HoldCo, Guaranty Trust Holding Company (GTCO), Zenith Bank and International Energy Insurance,…
The Association of Resident Doctors (ARD) at the Obafemi Awolowo University Teaching Hospitals Complex (OAUTHC), Ile-Ife, has commenced an indefinite strike over unresolved welfare and working condition issues affecting its members. The industrial action took effect at 8:00 a.m. on Monday following resolutions reached at an Emergency General Meeting of the association held on June…
By Seun Ibiyemi The Securities and Exchange Commission (SEC) of Nigeria and the Capital Markets Authority (CMA) of Rwanda have signed a Memorandum of Understanding (MoU) aimed at strengthening cooperation on capital market regulation, enforcement and supervisory activities. The SEC disclosed the development in a statement issued in Abuja on Monday, noting that the agreement…
Chairman of the Nigerian Exchange Group (NGX Group), Dr. Umaru Kwairanga, has congratulated the management, employees and shareholders of HBM Nigeria Plc on the company’s transition from Lafarge Africa Plc, describing the rebranding as the beginning of a new era of growth and opportunity. Kwairanga made the remarks during the official unveiling of the company’s…
By Seun Ibiyemi The Presidency on Monday launched a scathing attack on former Labour Party presidential candidate, Peter Obi, over his call for President Bola Tinubu to resign, describing the demand as childish, anti-democratic and disconnected from the realities of governance in Nigeria. In a statement issued by the Special Adviser to the President on…
By Seun Ibiyemi The Federal Government has directed regulatory and security agencies to intensify efforts against the diversion, hoarding and illegal storage of Liquefied Petroleum Gas (LPG) as part of measures to stabilise cooking gas prices and ensure adequate supply across the country. Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, issued…
No fewer than 21 people have been killed and several others injured following a fresh attack on Kawel Village in Mushere Kingdom, Bokkos Local Government Area of Plateau State. Residents said the attack occurred late Sunday night while members of the community were asleep, with the assailants reportedly storming the village and opening fire on…
President Bola Tinubu has appointed former Vice-Chancellor of the University of Lagos, Professor Oluwatoyin Temitayo Ogundipe, as Chairman of the Governing Board of the National Universities Commission (NUC). The appointment was announced in a statement issued on Monday by presidential spokesman, Bayo Onanuga. According to the statement, Ogundipe succeeds Emeritus Professor Olufemi Raphael Aina, who…
