David Adonri
29 Sep
Domestic transactions on the Nigerian Exchange Limited (NGX) fell by 45.3 per cent within a 16-year period, from N3.6 trillion in 2007 to N1.9 trillion in 2022, the latest Domestic and Foreign Portfolio Investment (FPI) report has shown.
13 Sep
Nigeria’s FTSE downgrade from frontier market to unclassified will cause a colossal damage to the capital market and erode investor confidence, unless urgent steps are taken to reverse the trend, experts have said.
2 Jun
The peaceful transition to a new administration, coupled with its blunt expression of willingness to tackle lingering macroeconomic challenges facing the economy, especially the foreign exchange (forex) crisis has caused the equities market to gain N1.8 trillion in May 2023.
22 May
The inability of the Nigerian capital market to contribute significantly to capital formation under President Muhammadu Buhari in the past eight years is in focus as the administration comes to an end.
7 Feb
With the barrage of negative ratings as regards the nation's economic outlook in the last few weeks, the nation can record meaningful growth if the Federal Government adheres to fiscal responsibility provisions and desists from funding responsibilities beyond its resources, experts have said.
Latest
17 mins ago
An Indian national has been charged with plotting to assassinate a Sikh separatist leader on US soil, the Justice Department said on Wednesday, alleging an Indian government official was also involved in the planning. The Justice Department unsealed murder-for-hire charges against Nikhil Gupta, 52, "in connection with his participation in a foiled plot to assassinate…
17 mins ago
Late US diplomat Henry Kissinger was a "great statesman" who will be "greatly missed," UK foreign minister David Cameron said on Thursday, while fellow former prime minister Tony Blair paid tribute to "an artist" of diplomacy. "Most saddened to hear that Henry Kissinger has passed away," Cameron wrote on X, formerly Twitter. "He was a…
22 mins ago
The Nigeria Customs Service (NCS), Ogun Area 1 Command, said it intercepted 975 ammunitions concealed in five bags of rice along the palace/Ayetoro road in Imeko Afon Local Government of the state. The acting Area Controller, Mr Ahmadu Shuaibu, told newsmen on Wednesday in Idiroko, Ogun. According to him, the seizure made on Nov. 27…
33 mins ago
The Kremlin said Thursday that President Vladimir Putin would hold a press conference on December 14 looking back on 2023, his first annual briefing since large-scale hostilities erupted in Ukraine. Putin usually holds two highly-orchestrated, marathon public events each year -- a phone-in show with Russians from across the country, and a press conference that…
37 mins ago
A German court on Thursday sentenced a Gambian man to life in prison over his participation in a death squad that assassinated opponents of former dictator Yahya Jammeh, including an AFP journalist. Bai Lowe was convicted of crimes against humanity, murder and attempted murder for his role as a driver for the hit squad known…
39 mins ago
The National Hajj Commission of Nigeria (NAHCON), has urged the Federal Airports Authority of Nigeria (FAAN) to provide navigation equipment and facilities at Hajj departure centres across the country. Malam Mousa Ubandawaki, Deputy Director, Information and Publication, NAHCON, in a statement, said the acting Chairman of the commission, Jalal Arabi, made the call when he…
42 mins ago
Big Brother Naija (BBNaija) reality show stars Pere Egbi and Mercy Eke, Pere has taken to his social media platform to set the record straight. Fans had been abuzz with excitement, speculating on a blossoming romance between Pere and Mercy after witnessing their seemingly close bond during the recently concluded BBNaija All Stars show. However,…
45 mins ago
Nigerian comedy maestro AY Makun and his wife, Mabel, are basking in the joy of reaching a remarkable milestone—15 years of marital bliss. The celebrated couple, known for their enduring love story, took to social media to express their gratitude and affection for each other on this special occasion. AY Makun, a prominent figure in…
54 mins ago
The European Parliament and EU member states agreed draft new rules on Thursday that are intended to protect journalists and activists from abusive lawsuits used to silence public criticism. European Commission president Ursula von der Leyen said on X, formerly Twitter, that she welcomed the agreement to "protect those who try to reveal inconvenient truths".…
56 mins ago
The Delta Government says it is earmarking the sum of N150 billion for its Works sector in the 2024 fiscal year. The State Governor, Sheriff Oborevwori, announced this in Asaba on Wednesday while presenting the 2024 budget to the State House of Assembly. According to him, the sum of N150 billion has been earmarked for…