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Equities market deprecates by 0.03%
The stock market of the Nigerian Exchange Limited (NGX) on Thursday extended losses for the second consecutive session as the All-Share Index (ASI) closed 0.03 per cent lower. Nonetheless, the index remains on track for its first weekly gain in three weeks. As a result, the All Share Index decreased by 12.67 basis points, representing a dip of 0.03 per…
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Makinde, Minister of Trade launch new ride-hailing service in Ibadan
Governor ‘Seyi Makinde and the Minister of Industry, Trades and Investment, Otunba Adeniyi Adebayo on Thursday launched a new ride-hailing service in Ibadan, the Oyo State capital. Codenamed: ‘AFRICAR’, the ride-hailing service was launched with over 115 vehicles. Speaking at the event, Governor Makinde appreciated AFRICAR, noting that choosing Ibadan as its first base in ride-hailing service, attests to the…
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Ogbonnaya Onu denies endorsing Peter Obi for president
Former Minister of Science and Technology, Ogbonnaya Onu has denied endorsing the presidential candidate of the Labour Party, Peter Obi for president. In a statement he personally signed, Onu said news going round that he had given his support to the former Anambra State governor is false. According to him, he has never had any reason to leave one party…
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Dentsu Nigeria appoints Oyeleke Comms Manager, promotes officials
A multinational full-service marketing communications agency network, MediaFuse-dentsu International, has appointed Sodiq Oyeleke, a versatile multi-media journalist, as its Group Corporate Communications Manager in Nigeria. Oyeleke, who is the first to occupy such a position in the company, is an award-winning journalist and one of the leading digital and data journalists in Africa with over 10 years of experience within…
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Family remembers Fela 25 years after death
The Kuti family on Tuesday marked the 25th anniversary of the death of Afrobeat legend, Fela Anikulapo-Kuti. Remembering their late father, who died on August 2, 1997, Femi and Seun, also musicians, paid tribute to the legendary singer. Hailing Fela as the soul of Afrobeat, Femi noted that he missed his father, even after 25 years of the icon’s demise.…
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Edo State set to recruit forest police to flush out bandits, terrorists
Edo State has government has finalized the documentation and audit of the state’s forests and is embarking on the recruitment of new forest police as part of a renewed effort to enhance security across the state. Governor Godwin Obaseki disclosed this at a Special Security Council meeting with relevant stakeholders in Edo South Senatorial District, held at the Government House,…
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We aren’t recruiting, FIRS cautions against scammers
The Federal Inland Revenue Service (FIRS) has cautioned the general public to be vigilant and circumspect not to deal with scam artists who pose as recruitment agents for the Service and collect huge sums of money from unsuspecting victims with the promise to provide them employment. This was contained in a statement by Special Assistant to the Executive Chairman, FIRS…
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LCFE, Heritage Bank, others unlock N445trn commodities ecosystem for economic industrialization
Lagos Commodities and Future Exchange (LCFE), Heritage Bank Plc, Capital Market players and other stakeholders have unlocked the $1trillion (N445trillion) commodities ecosystem as avenue to diversify the economy from a crude oil-dependent to other critical sectors. This was revealed at the historic commissioning ceremony and official Launch of Lagos Commodities & Futures Exchange, with the theme, “New Order, Driving Nigeria’s…
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DMO commemorates listings of Eurobonds, Sukuk on NGX
Debt Management Office (DMO) has leveraged the Closing Gong ceremony of Nigerian Exchange Limited (NGX) to commemorate the listing of a Triple-Tranche of $4billion Eurobonds, $1.25billion Eurobonds and the N250billion Sukuk on the Exchange. The event which took place on Thursday featured the management of DMO led by its Director General, Ms Patience Oniha, and other facilitators of the transactions.…
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We don’t have immediate solution to Nigeria’s aviation crisis-Minister
Minister of Aviation, Hadi Sirika says there is no immediate solution to the crises in the nation’s aviation sector. High cost of aviation fuel and difficulty in accessing foreign exchange has forced many airlines in the country to shut down. Speaking during an emergency meeting with the Airline Operators Association of Nigeria (AON) in Abuja on Tuesday, the aviation minister…
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