Investors in the nation’s stock market lost N50.9 billion last week as market capitalisation dropped to N9.358 trillion on Friday from N9.408 trillion it opened during the week. In the same vein, another stock market gauge, the All Share Index depreciated by 0.65 per cent to close the week under review at 27,246.88 points.

BENIN—AHEAD of the coronation of a new Oba in Benin Kingdom, Edo State Government has commenced the reconstruction of Ibiwe, Plymouth and Akenzua roads in Benin City.

Chiefs, elders and indigenes of Nembe Kingdom, Bayelsa State, have condemned last Monday’s attack by gunmen on a military post in Nembe city, headquarters of Nembe Local Government Area of the state, in which three soldiers were killed.

Lafarge Africa Plc, a leading Sub-Saharan Africa building materials company and a subsidiary of LafargeHolcim, a world leader in building materials operating in Nigeria has commenced mobilization of professionals in Nigeria’s built sector and students for participation in the 5th International LafargeHolcim Awards.

Coronation Merchant Bank Limited (Formerly Associated Discount House Limited) has completed the issuance of a N16.79 billion senior unsecured FMDQ-listed commercial paper for UACN Property Development Company Plc (“UPDC”).

Stanbic IBTC Asset Management Limited, a subsidiary of Stanbic IBTC Holdings Plc has concluded plans to launch a new Exchange Traded Fund (ETF). To be called the Stanbic IBTC Pension ETF 40, the ETF will mirror the Pension 40 Index (Pension Index), according to the company. The launch will bring to two the ETFs in Stanbic IBTC Asset Management Limited’s portfolio.

Dangote Flour Mills Plc has returned to profitability, posting a Profit Before Tax, PBT, of N2.64 billion in the half year ended June 30, 2016, compared to a loss of N9.55 billion posted at the corresponding period in 2015 after its re-acquisition from Tiger Branded Consumer Goods Plc some months ago. Dangote Flour Mills consist of Dangote Flour, Dangote Pasta, and Dangote Noodles.

First City Monument Bank (FCMB) has rewarded another set of 644 customers at the second draws of the bank’s ongoing promotion tagged, ‘’FCMB Millionaire Promo Season 3”. The winners emerged at the electronic selection exercise which took place across the 4 Regions and 25 zones of the Bank nationwide on 10th August, 2016.

The Federal Government has set up an inter-ministerial committee, comprising ministries of Interior, Foreign Affairs and Trade and Investment to immediately address all challenges inhibiting foreign investment in Nigeria. The Minister of Interior, retired Lt.-Gen Abdulrahman Dambazau, disclosed this on Friday in Abuja, at a meeting with the Minister of Foreign Affairs, Mr Geoffrey Onyeama and his Trade and Investment counterpart,Dr Okechukwu Enelamah.

The Federal Government requires 300 Continuous Operating Reference, COR, to meet the mapping need and ensuring effective coverage and accurate forecasting of every segment of surveying activities, the Surveyor-General of the Federation, Surv. Ebisintei Awudu has said.

Uyo—Akwa Ibom State Government, yesterday, said that funds have been injected into Akwa Savings and Loans Limited to rescue and reposition it for improved sevice delivery, promising that those responsible for the collapse of the financial institution would be brought to book.

Nigeria Olympic team coach Samson Siasia has said the focus is to beat Germany on Wednesday to qualify for the Gold medal match, while praising his defence for holding out against “a very, very good” Denmark.

As Nigerians continue to celebrate Nigeria’s victory over Denmark, Christian Chukwu, former Super Eagles Coach, has advised the Dream Team VI not to be complacent in their semi-finals game against Germany

Nigeria forward Oghenekaro Etebo has said he was lucky to score four goals and equal a record first set by West Germany’s Bernd Nickel 44 years ago.

DANIEL Igali’s wardrobe has been doubled with the supply of kits by Team Canada.