The Minister of Finance, Mr Wale Edun, has emphasised the crucial role of the capital market in achieving the nation’s ambitious goal of becoming a one-trillion dollar economy. Speaking at the Capital Market Committee (CMC) meeting, the minister highlighted the market’s transformation since 2015. He said that with improvements in governance structures, new products and…
A group of bandits attacked the Dogon Ruwa community in Bashar district, Wase Local Government Area of Plateau State, abducting five residents from their local market on Monday . According to local sources, the bandits burgled shops and business centers, carting away huge quantities of food items and medicines during the attack. News gathered that…
The Securities and Exchange Commission (SEC) has begun the technology adoption assessment for registered capital market operators (CMOs). According to the SEC in a circular, on Wednesday, the exercise was to assess the adoption of advanced technologies among registered CMOs. The notice reads, “The following technology adoption survey is designed by the Commission to assess…
A midnight fire outbreak has destroyed more than 500 makeshift shops at the Terminus Market, Jos North Local Government Area of Plateau. Mrs Joyce Ramnap, the State’s Commissioner for Information and Communications, confirmed the incident to newsmen on Wednesday in Jos. Ramnap, who visited the scene, said that the incident occurred about midnight on Wednesday….
The Federal Competition and Consumer Protection Commission (FCCPC), has raided and sealed some shops at Utako market for selling re-bagged and under-weight bags of rice. Sealing the shops in Abuja on Tuesday, Mrs Boladale Adeyinka, the Director, Surveillance and Investigations Department of FCCPC, said the raid followed an intelligence gathered by the Commission. She said…
Ericsson, a multinational telecommunications company says its reported sales in the first quarter of 2025 were 55 billion sek (N9,060 trillion), with adjusted gross income increasing to 26.7 billion sek (N4,400 trillion). In a statement on Tuesday, Ericsson said that the reported sales and gross revenue were driven by sales growth and strong gross margin…
The stock market opened the week on a positive note, with investors gaining N369 billion and performance indices rising by 0.56 per cent on Monday. Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation increased by 0.56 per cent to N66.188 trillion from an opening of N65.819 trillion recorded on Friday. The All-Share Index also rose…
The stock market on Tuesday continued on a negative note as performance indices declined by 0.40 per cent. Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation fell by N265 billion or 0.40 per cent to N66.078 trillion from N66.343 trillion recorded on Monday. Also, the All-Share Index dropped by 0.40 per cent or 423.48 points…
Fire on Tuesday gutted some shops in the Ladipo market destroying goods worth millions of Naira. The Permanent Secretary, Lagos State Emergency Management Agency (LASEMA), Dr Olufemi Oke-Osanyintolu, confirmed this in a statement made available to the News Agency of Nigeria (NAN) on Tuesday. He said that the agency received distress calls through its 767…
Manchester United is engaged in talks with Inter Milan to secure the transfer of goalkeeper Andre Onana. Read on to learn about the ongoing negotiations and the potential deal. Manchester United’s Initial Bid Rejected by Inter Milan In their pursuit of Andre Onana, Manchester United submitted an opening bid amounting to £38.5 million (€45 million)….
