NGX opens November bearish, down by N32bn

Transactions on the Nigerian stock market opened trading for November on a negative note with the market capitalisation losing N32 billion on profit-taking. Specifically, the market capitalisation which resumed for the month at N21.938 trillion lost N32 billion or 0.15 per cent to close at N21.906 trillion. Also, the All-Share Index dropped 61.81 points or […]
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Conte in-line to replace sacked Nuno Espirito at Tottenham

By Emmanuel Okogba Out-of-job Antonio Conte is set to take over the reigns at Tottenham Hotspur after the London club axed its coach, Nuno Espirito Santo on Monday, Vanguard has learnt. Conte was also said to have shown interest in managing Manchester United with Ole Gunnar Solskjaer’s job under threat. Tottenham parted ways with Espirito […]

Ikoyi Collapsed Building: NEMA activates emergency response plan says Oke-Osayintolu

Several persons trapped By Evelyn Usman A 21-storey building under construction on Gerald road Ikoyi in Lagos collapsed this afternoon, Vanguard reports. Many persons, among who are workers at the site were said to be trapped under the debris. As at time of writing this report, emergency responders were yet to arrive the scene. When […]

Embattled Plateau Speaker, Ayuba, 10 others arrested

By Marie-Therese Nanlong – Jos Embattled Speaker of the Plateau State House of Assembly, Abok Ayuba, and some members of his group have been arrested within the vicinity of the State Assembly in Jos. The State Police Commissioner, Edward Egbuka and some key officials of the different security outfits in the State ushered them into […]

PGF DG sets agenda for APC National Convention

…Asks PDP to fix itself rather than focusing on 2023 By Omeiza Ajayi Ahead of the yet-to-be scheduled national convention of the ruling All Progressives Congress APC, Director General of the Progressive Governors’ Forum PGF, Salihu Moh. Lukman has asked the party to focus on issues of national unity and the current security challenges. In […]

Several trapped as 21-storey building collapses in Ikoyi, Lagos

By Olasunkanmi Akoni In what seemed to be a black Monday, November 1, several people have been trapped under the rubble of a 21-storey building that collapsed at Musikiu Junction by Gerard Road, Ikoyi, Lagos. The building was said to be under construction when it suddenly collapsed on construction workers. The incident it was gathered, […]

Heirs Insurance, Heirs Life affirm commitment to service excellence

By Rosemary Iwunze Heirs Insurance Limited (HIL) and Heirs Life Assurance (HLA) have affirmed their commitment to service excellence with focus on digital and product innovation as well as financial inclusion. At a joint media parley at the companies’ headquarters in Lagos the executive management of both companies stated that service excellence is the hallmark of […]

Stockbrokers pledge to boost market activities through advocacy

*Induct 321 Associates, 40 fellows By Peter Egwuatu STOCKBROKERS under the aegis of the Chartered Institute of Stockbrokers (CIS) have pledged commitment in its continuous advocacy towards attracting more participants into the Nigerian capital market even as the Institute inducts 321 new Associates and 40 Fellows. Besides, the Institute has announced the commencement of its remote […]

BANK FRAUD: Institutions should strengthen risk control practice — NDIC boss

•Says Banking industry safe, sound •Slow assets recovery a challenge By Elizabeth Adegbesan The Managing Director/Chief Executive Officer, Nigerian Deposit Insurance Corporation (NDIC), Bello Hassan advised that institutions should always strengthen their risk control practices to mitigate fraud. The NDIC boss gave this advice  at a three day Workshop theme: “Enduring Extreme Disruption–Resilience & Reinvention […]

N420m land compensations by Akwa Ibom govt tear communities apart

By Harris Emanuel – Uyo Aggrieved families of Ekpuk Nnung Ikot Udo, Ekpuk Abak and Nnung Obio Etit under the aegis of Ibiaku Ikot Akpa Ekong Community Association (ICA), Ibiaku Ishiet in Uruan Local Government Area of Akwa Ibom state have expressed dismay over the disbursement of the N420 million compensations paid to owners of […]

Beware of pump and dump in stock market

By Dele Sobowale “Otedola: First Banks shares rise 2.45% as SEC investigates.”  –   News Report, Oct. 26, 2021 As a shareholder of the First Bank, I should be happy that the share price, which remained stuck at N7.50 suddenly started climbing for reasons at first unknown until it reached N12.00. But, then I am not an […]

Dispute Over 17 Oil Wells: Supreme Court gives FG, Imo 15 days to file defence

By Ikechukwu Nnochiri – Abuja The Supreme Court, on Monday, ordered the Federal Government to within 15 days, file its defence to the suit that Rivers state government filed to stop it from ceding 17 disputed oil wells to Imo State. The apex court equally directed Imo state to within the same period of days, […]

NIDF supports devt of social infrastructure, funds students’ hostel

By Cynthia Alo The Chapel Hill Denham’s Nigerian Infrastructure Debt Fund (NIDF) has reached financial close for N3 billion Purpose Built Student Accommodation (PBSA) project at the Lagos State University (LASU). The project is being implemented by Advent Integrated Services Limited (Advent) under a long-term concession granted by the Lagos State Government. READ ALSO:FG, Stakeholders rue […]

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