The naira closed at N1,582.09 against the United States dollar at the official market on Tuesday, August 13, 2024. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the naira lost N4.4. It represents a 0.71 percent loss when compared to […]
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Nordic countries have agreed to support Nigeria’s demand for the reform of the United Nations. The Nordic countries -Finland, Norway, Denmark, Iceland, and Sweden- promised on Tuesday in Abuja during the visit of their foreign affairs ministers to Nigeria. The countries said there is a need to address Africa’s under-representation in the UN Security Council. […]
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The Nigerian stock market capitalisation, on Tuesday, August 13, 2024, extended losses by N278 billion or 0.50 percent, following selloffs in BUA Cement, Zenith Bank, and FBN Holdings, among other declined equities. The Nigerian Exchange Limited (NGX) market capitalisation which opened at N55.574 trillion closed at N55.296 trillion. The All-Share Index also decreased by 0.50 […]
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Access Holdings The Securities and Exchange Commission has approved the extension of the rights issue of Access Holdings Plc to August 23. A statement from the financial institution indicated that its N351bn rights issue, earlier scheduled for Wednesday, has been extended due to the effects of the hunger protests across the country. Access Holdings issued […]
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The Economic and Financial Crimes Commission has donated N50 bi[[ion to support the Nigerian Education Loan Fund. This was disclosed by the anti-graft agency on Tuesday, August 13, 2024, when the Fund’s Managing Director and Chief Executive Officer, Mr. Akintunde Sawyerr, led its management team on a courtesy visit to the EFCC headquarters in Abuja. […]
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A member of the 6th ECOWAS Parliament, Sen. Osita Izunaso has called for election of members directly by their constituents into the regional legislative body, rather than through nomination by their countries as it is today. Izunaso, the First Rapporteur of the parliament’s Joint Committee on Public Accounts, made the call in an interview with […]
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To ensure the full implementation of President Bola Tinubu’s directive for the Nigerian National Petroleum Corporation Limited (NNPCL) to sell crude oil to local refineries in naira, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun on Tuesday met with relevant stakeholders to ensure the realisation of the policy objective. The […]
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The Joint Admissions and Matriculation Board (JAMB) has described the unbundling of Mass Communication in Nigeria’s tertiary institutions as untimely. Speaking at the 15th anniversary of 89.3FM, a radio station owned by the University of Ilorin (UNILORIN), in the Kwara State capital on Tuesday, August 13, 2024, the JAMB Registrar, Prof. Ishaq Oloyede, said Nigeria […]
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Osun State Governor Ademola Adeleke has directed an upgrade of Erin Ijesa Water Falls to boost the state’s economy. The State Commissioner for Information and Public Enlightenment, Oluomo Kolapo Alimi disclosed in response to a recent viral video on the state of Erin Ijesha Water Falls, announcing that the government is implementing a systemic upgrade […]
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The lawmaker representing Kano South senatorial district of Kano State in the National Assembly, Abdurrahman Kawu Sumaila, has revealed that Senators get ₦21 million monthly each as allowances and running costs. He made the revelation in a chat with the BBC Hausa Service on Wednesday morning. Sumaila, who was elected on the platform of the […]
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