Weekly Report: Investors On Nigerian Bourse Lose N784bn

ADEOLA YUSUF

Over the course of the week, investors on the Nigerian Exchange Ltd. (NGX) equities market lost a total of N784 billion, week-on-week. Specifically, the market capitalisation, which opened the week at N56.296 trillion, shed N784 billion or 1.39 per cent to close the week at N55.512 trillion. The All-Share Index also declined by 1.39 per cent or 1,387 points to close the week at 98,152.91, in contrast to 99,539.75 recorded in the previous week. Similarly, all other indices finished lower with the exception NGX Insurance, NGX MERI Growth, NGX MERI…

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Five Benin Functionaries Suspended For ‘Unauthorised’ Visit To Ooni

ADEOLA YUSUF

Five functionaries of the Benin Kingdom have been suspended by the Benin Traditional Council for allegedly engaging in sacrilegious conduct against Benin custom with a visit to the Ooni of Ife, Oba Adeyeye Ogunwusi. The Iyase (Prime Minister) of Benin, Chief Sam Ugbe, made the position of the Council known in a statement he issued. According to the statement by Ugbe on Saturday: “The attention of the Benin Traditional Council (BTC) has been drawn to video clips circulating on social media in which a group of self-serving traditional functionaries from…

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4 Dead, 70 Vehicles Burnt In Fuel Tanker Explosion In Rivers – Police

ADEOLA YUSUF

The Police Command in Rivers says four people and over 70 vehicles were burnt in Friday’s fuel tanker explosion in the state. The explosion occurred along Eleme section of the East-West Road in the state at about 7:30 p.m. SP Grace Iringe-Koko, spokesman of command, told the News Agency of Nigeria (NAN) in Port Harcourt on Saturday that the tragedy occurred following a collision between a heavy-duty truck and a petrol-laden tanker. A NAN correspondent who visited the accident scene reports that there were seveal burnt vehicles and charred bodies…

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N5k To N12k/Bag: We Raked In N166bn Profit In 3 Months – Dangote Cement

ADEOLA YUSUF

Dangote Cement, Africa’s biggest cement maker, hit its all-time peak for quarterly revenue in the year to March as the price of the binder nearly doubled year-on-year. In February, the retail price of cement rose to between N10,000 and N12,000 across many parts of Nigeria, weeks after it was sold for prices ranging between N5,000 and N6,000 earlier in January. Dangote Cement’s turnover is now N817.4 billion, according to its latest earnings report. Revenue received a boost from an output expansion of 26.1 per cent in Nigeria, its home operation,…

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DJ Cuppy: I’m Looking Fresh Since I Stopped ‘Stressing’ Over Man U

ADEOLA YUSUF

Florence Otedola, professionally known as DJ Cuppy, said she has started looking fresh since she stopped watching football and stressing herself over Manchester United. DJ Cuppy is a fan of Manchester United, which has not performed well across all competitions in the 2023/2024 season. Indeed on Saturday, the club still caved in to a one all draw against Burnley in an English Premier League match at home. This was after taking the lead in the 79th minute through Anthony. READ ALSO: Mohbad: Wife Gets Court Summons For Son’s DNA Test…

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Mohbad: Wife Gets Court Summons For Son’s DNA Test

ADEOLA YUSUF

Omowunmi, the wife of Ilerioluwa Aloba, Nigeria’s late musician professionally known as Mohbad, has received the court summons for her to carry out a DNA test to confirm the paternity of her son, Liam. Platforms Africa recalls that a Magistrate’s Court in Ikorodu, Lagos had given the order for substituted service on her. This followed the inability of court bailiffs to serve the summons on Omowunmi personally. According to available information on Saturday, the summons was affixed to the gate of the last known address of Omowunmi. READ ALSO: Popular…

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Popular Gospel Singer, Morenikeji Egbin Orun, Is Dead

ADEOLA YUSUF

Nigeria’s popular gospel singer, Morenikeji Adeleke, also known as Egbin Orun, is dead. One of the colleagues of the gospel singer, Esther Igbekele, confirmed her demise in a post on her Instagram page. Igbekele said she spoke with Adeleke some days before she learnt of her death. READ ALSO: BBNaija Star, Miracle, Graduates With Distinction From US Aeronautical Varsity YABATECH Postpones Resumption, Updates Students, Parents On Fees YABATECH Postpones Resumption, Updates Students, Parents On Fees Cause Of Tightness In Fuel Supply Resolved – NNPCL She wrote: “I got home from…

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BBNaija Star, Miracle, Graduates With Distinction From US Aeronautical Varsity

ADEOLA YUSUF

The winner of the 2018 Big Brother Naija ‘Double Wahala’ show, Miracle Igbokwe, has graduated with distinction from the Embry-Riddle Aeronautical University, Florida, USA. The reality TV star disclosed this on his Instagram story on Friday, sharing a video of the moment he climbed the stage to receive his certificate. Ikechukwu had in July 2018 obtained his Private Pilot License and Flight Dispatcher License. In March 2019, he further disclosed that he obtained his certification as an “Instrument Rated” pilot. READ ALSO Dear Madam, By Funke Egbemode Man Exhumes Worshipper’s…

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Female Police Officer Goes Missing While On Official Duty

ADEOLA YUSUF

Ayowole Adekonipekun, a resident of Osogbo, Osun State, has appealed to the Inspector-General of Police, Kayode Egbetokun, to help in locating his wife, Corporal Ruth Ayowole, who went missing while on official duty in Abia State. He told the News Agency of Nigeria on Friday that his missing wife enlisted in the Force with service number 068986. Adekonipekun, who spoke in Osogbo, the Osun State capital, said Ayowole was serving with the Anti-Robbery Unit of the Osun State Police Command. The husband said that Ayowole and four of her colleagues…

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Poisoned Cows: We Rescued 40 From Death – Kwara

ADEOLA YUSUF

Dr. AbdulLateef Olugbon, Director of Veterinary Services, Ministry of Agriculture, Ilorin, Kwara State, says the ministry rescued 40 cows among the lot that ate from a fumigated rice farm on Saturday. The veterinary expert disclosed this while speaking with the News Agency of Nigeria in Ilorin on Friday. NAN recalls that 33 cows died after eating from the fumigated rice farm along Atere Road, Al-Hikma University campus at the boundary of CAILS, Ilorin. The carcasses of the dead cows were allegedly distributed by certain people to butchers for sale. READ…

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