January 17, 2025

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Stock Market Decline by N142.4bn on Sell Pressure in Oando, GTCO, 22 Others

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The Nigerian stock market yesterday surrendered to investors selling pressures on profit-taking in Oando Plc (-5.6 per cent), Guaranty Trust Holding Company Plc (-2.5 per cent) and 22 others.  As a result, the overall capitalisation depreciated by N142.4 billion to N59.391trillion, to end its four-day gaining momentum. Consequently, the Nigerian Exchange Limited All Share Index (NGX ASI) lost by 234.95 basis points or 1.75 per cent to close at 97,992.55 basis points with the Month-to-Date…

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Ecobank Partners SABA Steel, Coleman Wire & Cables, Others for Inaugural Design & Build Expo

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Leading global brands in the building, design and finance sectors are partnering with Ecobank Nigeria for its inaugural Design & Build Expo. The key partners include SABA Steel, Nigeria’s largest steel manufacturer; Coleman Wire & Cables, the leading cable producer in West Africa; Donna Spectre, a prominent indigenous oil and gas logistics company; Dulux Paints,…

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Sustainability: CWAY Donates Plastic Recycling Bins to Lagos State

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CWAY Water, a leading producer of top quality premium drinking water in Nigeria has its commitment to environmental sustainability by donating sets of giant plastic recycling bins to the Lagos State Government through the Lagos State Waste Management Agency (LAWMA). The company said that thisdonation is in furtherance of its ongoing commitment to positively impact…

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Over 1.3m affected by flood in 34 states –NEC

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The National Economic Council (NEC) yesterday described Nigeria’s recent flooding as a national disaster, and called for intensified response efforts across the affected states. Anambra State Governor, Charles Soludo, who briefed State House Correspondents at the end of the meeting presided over by Vice President Kashim Shettima, said according to the council’s reports, the floods have…

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IPMAN can’t lift petrol without NNPC approval – Dangote refinery

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The Dangote Petroleum Refinery says it has not received authorisation from the Nigerian National Petroleum Company Limited to supply Premium Motor Spirit, popularly called petrol, to members of the Independent Petroleum Marketers Association of Nigeria. It announced this on Thursday as oil dealers under the aegis of the Petroleum Retail Outlet Owners Association of Nigeria…

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Cybersecurity: British High Commission Calls for Collaboration Between Nigeria, UK

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The British High Commission has called for collaboration between the United Kingdom (UK) and Nigeria, in curbing cybercrimes. The Commission’s West Africa Cyber Lead, James Carroll, made the call Wednesday in Abuja at the monthly Devs in Government discourse, organised by the Ministry of Communications, Innovations and Digital Economy, and supported by Galaxy Backbone and…

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Proposed tax reform not anti-North, will benefit states – Presidency

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The Nigerian Presidency has responded to concerns raised by the Northern Governors’ Forum regarding proposed tax reforms, emphasizing that these initiatives are designed to benefit all states, including those in the North. In a statement titled “Explainer: Proposed Tax Reform Bills Not Against The North; They Will Benefit All States” issued by Special Adviser to…

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