The Nigerian equities market endured a week to forget losing a massive N1.45 trillion following a dip in the share prices of some listed stocks. The bourse recorded losses in three of the five trading sessions last week as the market capitalization crashed to N62.8 trillion from N64.3 trillion the previous week. Similarly, the All-Share…
TikTok has resumed services to its 170 million users in the US after President-elect Donald Trump said he would issue an executive order to give the app a reprieve when he takes office today, January 20. On Saturday evening, January 18, the Chinese-owned app stopped working for American users, after a law banning it on…
Vandals have destroyed and looted 18 electricity towers across Rivers, Abia, and Kano States in the last five days, plunging communities into darkness. The Transmission Company of Nigeria (TCN) stated this in a statement issued on Sunday in Abuja by its General Manager of Public Affairs, Ndidi Mbah. The company described the spate of destruction…
The former Group Managing Director of First Bank of Nigeria (FBN) Limited, Bisi Onasanya. has denied involvement in a N12.3 billion loan fraud at the bank. The Economic and Financial Crimes Commission (EFCC) will on Monday arraign Onasanya, alongside the former chairman of First Bank Oba Otudeko, for alleged fraudulent withdrawal of money from the…
President Bola Tinubu has set up a high-level committee to investigate the alarming frequency of tanker explosions on Nigerian highways. This followed last week’s devastating explosion that killed over 80 people in Niger State. The Minister of Information and National Orientation, Mohammed Idris, stated this during a visit to the palace of Emir of Suleja,…
