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Stock Market Outlook (Aug. 16 – 23)

Stock Market Outlook (Aug. 16 – 23)

Nigerian equities market rebounded from two-week bearish momentum, appreciating 1.5 per cent week-on-week, W-o-W, on the back of bargain hunting and renewed interest in some banking stocks as a result of the impressive H1:2016 results released by some Tier-1 Banks.

Air Force airstrikes kill 300 militants

Air Force airstrikes kill 300 militants

The Chief of Air Staff, Air Marshal Sadiq Abubakar, has said that about 300 militants were killed Friday night during an airstrikes in Borno State.

We’ll partner Islamic Development Bank on health, water, others – Buhari

We’ll partner Islamic Development Bank on health, water, others – Buhari

The Federal Government says it will deepen its partnership with the Islamic Development Bank (IDB) to fund critical projects in health, water and the infrastructure sector. This is contained in a statement issued by Malam Garba Shehu, the President’s Senior Special Assistant on Media and Publicity, in Abuja on Monday.

22 Benue lawmakers commence refund of N317m car loans to EFCC – Ortom

22 Benue lawmakers commence refund of N317m car loans to EFCC – Ortom

Gov. Samuel Ortom has said that 22 state legislators have started refunding car loans they collected for personal vehicles to the Economic and Financial Crimes Commission (EFCC) . Ortom, who said this when he received youths of Turan in Kwande Local Government, said they were expected to refund N317million to the anti-graft agency in Abuja.

Troops kill 3 kidnappers, destroy camps in Bauchi State

Troops kill 3 kidnappers, destroy camps in Bauchi State

Troops of 33 Brigade, Nigerian Army, have killed 3 armed kidnappers and destroyed their camps in Bauchi State. This is contained in a statement issued by Col. Sani Usman, the Acting Director, Army Public Relations, and made available to newsmen in Abuja.

8 killed in Zamfara over alleged blasphemy against Islam

8 killed in Zamfara over alleged blasphemy against Islam

No fewer than eight persons were killed on Monday in Talata-Mafara community in Zamfara following violence that erupted over alleged blasphemy by a student of Abdu Gusau Polytechnic, Talata-Mafara. The state governor, Alhaji Abdulaziz Yari, joined hundreds of people to bury the deceased, who were said to have all been killed when an angry mob set fire on the house of a man who tried to rescue the student.