The Nigerian equity market gained N607bn in market capitalisation in the past week, on the back of buying interest in large-cap stocks like Access Corporation and MTN Nigeria.The All-Share Index appreciated by 1.06 per cent to close at 97,456.62, while the market capitalisation rose by 1.10 per cent to N56tn.All other indices closed higher, except for the Growth Index, which ... Read More »

…Vessel also readied for distribution Officials keep mute on price A long queue of petrol tankers yesterday formed along the stretch of the road leading to the Dangote Refinery at Lekki, Lagos as they slowly made their way into the company’s fuel loading gantry ahead of the commencement of the distribution of Premium Motor Spirit (PMS) today. Also on standby ... Read More »

President Bola Ahmed Tinubu has commended the military for its successful operations against security threats in the north-west, resulting in the neutralisation of a wanted bandit leader, Halilu Sububu, and another terrorist, Sani Wala Burki. The President expressed relief and assurance that the security operatives are capable of ensuring peace and security in the nation. In a statement on Saturday ... Read More »

Pricing of the Premium Motor Spirit (PMS) has been a key agenda in the marathon meetings between the managements of the Nigerian National Petroleum Company (NNPCL) and Dangote Petroleum Limited in the last few weeks, Newsthumb learnt. A source of the National Oil Company, who was privy to the meetings, which have been holding in the NNPCL Tower, Abuja, said ... Read More »

President Bola Tinubu has welcomed the National Bureau of Statistics’ new report on the country’s trade balance. The report stated that Nigeria recorded another trade surplus in the second quarter of 2024, hitting N6.95tn, essentially driven by exports to Europe, the United States and Asia. “The current surplus is 6.60 per cent higher than the N6.52tn surplus recorded in the ... Read More »

In a historic meeting, British monarch King Charles III welcomed President Bola Ahmed Tinubu of Nigeria to Buckingham Palace in London on Wednesday, September 11. The Royal Family announced the meeting on its verified X handle, @RoyalFamily, sharing the significant encounter between the two leaders. “Yesterday, The President of the Federal Republic of Nigeria visited His Majesty at Buckingham Palace”, ... Read More »

Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Audited Consolidated and Separate Financial Statements for the period ended June 30, 2024, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of 1.004trilion, ₦ becoming the first Nigerian financial institution to cross the 1trillion mark in profit₦ . This ... Read More »

The Obi/ Datti 2023 Presidential Campaign team has dismissed claims by the embattled factional National Chairman of the Labour Party (LP), Julius Abure that only Aisha Yesufu and Pastor Itua Ighodalo superintended over the management of campaign funds of the Peter Obi presidential campaign for the elections. Abure had while responding to questions from journalists in Abuja after a meeting ... Read More »

The Federal Government yesterday rejected the description of the arrest and quizzing of Nigeria Labour Congress (NLC) President Joe Ajaero as human rights abuses. It urged all to allow security agencies do their work. Presidential spokesman Bayo Onanuga, in a statement, said: “We reject any notion and allusion to human rights violations in Nigeria. The accusations made by the TUC ... Read More »

Operatives of the Department of the State Service (DSS) have reportedly arrested President of the Nigeria Labour Congress (NLC) Joe Ajaero. He was reportedly arrested on Monday morning at the Nnamdi Azikiwe International Airport, Abuja while about to board a flight to the United Kingdom (UK). He is billed to attend the conference of the Trade Union Congress, TUC, in ... Read More »