An outbound Royal Air Maroc flight from Murtala Muhammed International Airport (MMIA) Lagos, yesterday made an emergency landing 10 minutes after departure due to bird strike. The Boeing aircraft which departed the airport in the earl...
Savings deposit account would henceforth attract interest rate not lower than 30 per cent of the Monetary Monetary Policy Rate (MPR). At the current MPR of 12 per cent this translates to a minimum of 3.6 per cent per annum. This is part of the fa...
The nation’s match towards gas revolution recorded a milestone yesterday when Sagas, a division of Borkir Energy Company Limited, a subsidiary of Dangote Group headed by Alhaji Sani Dangote signed a 20- year sales and purchase agreement with the ...
The Sultan of Sokoto and president, Islamic Council of Nigeria Abubakar Sa’ad 111, has noted that Nigeria is the only country in the universe that has adequate followers of both Islam and non-Islamic religion. According to the Sultan, Nigeria has...
Pope Francis has washed the feet of prisoners in a youth detention centre near Rome as part of the Maundy Thursday service.The Christian ritual takes place on the Thursday before Easter to commemorate Christ’s Last Supper. Thousands of pilgrims a...
Nobel laureate, Prof. Wole Soyinka, has stated that the problem of insecurity in the country is no longer the problem for the north alone, saying the scourge of Boko Haram insurgency should be collectively tackled. Soyinka spoke yesterday at a birthday...
The Northern Elders’ Forum (NEF) has sounded a warning to President Goodluck Jonathan, telling him that he would have to contend with a unified north should he insist on seeking another term in 2015
Justice Fati Abubakar, wife of Nigeria’s former head of state, General Abdulsalami Abubakar, was sworn in yesterday as the first female acting chief judge of Niger State following the retirement of the former chief judge, Justice Jibrin Nda...
Trading on the Nigerian Stock Exchange closed for the week on bullish note on Thursday with the market capitalisation appreciating by N24 billion.
This was due to price gains by some highly capitalised equities.
The News Agency of Nigeria (NAN) reports that the market capitalisation, which opened at N10.71 trillion, grew by 0.22 per cent or N24 billion to close at N10.73 trillion.
Also, the All-Share Index increased by 67.35 points or 0.20 per cent to close at 33,536.24 against the 33,468.89 posted on Wednesday.
NAN reports that NewGold recorded the highest price gain, rising by N11 to close at N2,466 per unit
Nestle came second on the gainers' table with N10 to close at N950, while Total gained N8.05 to close at N169.05 per share.
Okomuoil appreciated by N1.90 to close at N72.30, while Lafarge Wapco gained N1.71 to close at N76 per share.
Market analysts attributed the growth to improved 2012 financial result and dividends declared by some companies within the week.
On the other hand, Dangote Cement for the second consecutive day led the losers' chart, lost 71k to close at N148.50 per share.
It was followed by International Breweries with a loss of 25k to close at N21.20, while NAHCO Aviance lost 21k to close at N7.49 per share.
May and Baker dropped 11k to close at N2.19, while Africa Prudential Registrar lost 8k to close at N1.62 per share.
The volume of shares traded grew by 49.58 per cent as 456.72 million shares valued at N3.58 billion exchanged in 7,340 deals.
NAN reports that this was in contrast with 305.32 million shares worth N3.39 billion traded in 5,473 deals on Wednesday.
Skye Bank emerged the toast of investors, accounting for 74.90 million shares worth N473.38 million.
UBA Capital trailed with 34.73 million shares valued at N42.96 million, while Unity Bank traded 34.45 million shares worth N28.29 million.
NAN reports that the stock market will re-open on April 2, as Friday and Monday have been declared public holidays to mark the Easter celebration.
The Plateau State Government has condemned the Wednesday night attack by unknown gunmen on Mile-Bakwai village in Bokkos, and described the development as ``very unsettling’’. The News Agency of Nigeria (NAN) reports that 18 persons, includ...
The Minister of State for FCT, Ms Olajumoke Akinjide, has commiserated with the Awolowo family over the death of Chief Oluwole Awolowo, the son of the late Chief Obafemi Awolowo. This is contained in a Statement issued on Thursday in Abuja by Mr Oluyin...
Deputy Governor of Imo State, Mr. Jude Agbaso has been removed from office. Twenty-five out of the 26 members of the Imo State House of Assembly approved the impeachment. This is coming a few hours after the High Court dismissed the suit by Agbaso, ask...
The Nasarawa Police Command said on Thursday that it arrested 13 persons allegedly connected to the Valentine’s Day killing of a student of the state Polytechnic, Mr Oveh Sabo. The student was killed on Feb. 14, opposite the polytechnic gate duri...
Gunmen were reported to have killed unconfirmed number of persons in a Wednesday night attack on Mile-Bakwai village in Bokkos, Plateau. Navy Capt. Jude Akpa, the Media Officer of the Special Task Force (STF) maintaining the peace in Plateau, confirmed...
The Anambra Government said on Thursday that it spent more than N80 billion on the construction of 700 kilometres of roads across the state in the last seven years. The Commissioner for Works, Mr Callistus Ilozumba, told the News Agency of Nigeria (NAN...