Category: Business
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NIGERIAN STOCK MARKET CLOSES WEEK LOWER AMID PROFIT-TAKING, WEEKS AFTER BULLISH RUN
The Nigerian stock market ended the week down by 0.56%, with market capitalisation dropping by N516 billion to N92.214 trillion. The All-Share Index fell by 815.80 points to 145,754.91, pressured mainly by profit-taking in stocks like Abbey Mortgage Bank, Custodian Investment, and Deap Capital Management. Despite the dip, market breadth was positive with 42 gainers,…
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9MOBILE REBRANDS AS T2, EMBRACING DIGITAL TRANSFORMATION TO WIN BACK MARKET
Nigeria’s fourth-largest telecom, 9mobile, has unveiled its fresh brand identity, T2, signalling a bold new era focused on innovation, digital lifestyle empowerment, and customer-first services. CEO Obafemi Banigbe described T2 as more than a rebrand—it’s a complete transformation into a cloud-native, data-driven, and API-ready operator built for agility and resilience in today’s digital age. Acknowledging…
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MODI AND PUTIN PLEDGE TO STRENGTHEN INDIA-RUSSIA TIES AMID GLOBAL TENSIONS
Indian Prime Minister Narendra Modi and Russian President Vladimir Putin agreed to deepen their “special and privileged” strategic partnership during a recent phone call. Modi invited Putin to the upcoming Russia-India summit, reinforcing cooperation despite global tensions, including the ongoing Ukraine conflict. Modi emphasized India’s call for a peaceful resolution while navigating a delicate balance…
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L-PRES CONDUCTS QUARTERLY TECH MISSION TO BOOST LIVESTOCK IN BAUCHI, GOMBE, PLATEAU
The National Livestock Productivity and Resilience Support (L-PRES) project held a focused two-day technical mission across Bauchi, Gombe, and Plateau to tackle challenges and boost livestock productivity. Unlike regular supervision visits, this mission delivered hands-on solutions to improve water and pasture resources, upgrade abattoirs, and expand market access for farmers. Alhaji Sanusi Abubakar, L-PRES National…
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HEIRS INSURANCE LAUNCHES RETIREMENT DREAM COMPETITION WITH N5M IN GRANTS
Heirs Insurance Group has kicked off the Retirement Dream Competition to empower retirees and pre-retirees across Nigeria. With a total prize pool of N5 million, the contest invites Nigerians aged 50 to 75 to submit one-minute videos sharing their post-retirement dreams or projects. Winners will walk away with grants to bring their visions to life:…
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NCC INTRODUCES TOUGHER CORPORATE GOVERNANCE RULES FOR TELECOMS
The Nigerian Communications Commission (NCC) has rolled out stricter corporate governance guidelines for telecom operators to boost transparency, risk management, and investor confidence. Dr. Aminu Maida, NCC’s Executive Vice-Chairman, emphasised that strong governance is now essential—not optional—in safeguarding Nigeria’s digital future amid cybersecurity and climate risks. The new rules require balanced boards with ICT and…
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NIGERIA RECORDS $5.64 BILLION CAPITAL IMPORTATION IN Q1 2025, UP 67%
Nigeria attracted $5.64 billion in capital importation in the first quarter of 2025, a 67% jump from the same period last year, according to the National Bureau of Statistics (NBS). Portfolio investments led the inflow, making up over 92% of the total, while foreign direct investment remained the smallest slice at just over 2%. The…
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NNPC CEO BAYO OJULARI RESUMES DUTY AMID RESIGNATION RUMOURS
NNPC Group CEO Bayo Ojulari resumed work Monday despite rumours surrounding his resignation. He appeared virtually at the Society of Petroleum Engineers event in Lagos, reaffirming his commitment to his role. Sources confirm he reported to the office and attended key national events, putting resignation speculations to rest. Ojulari was appointed in April 2025 by…
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EXPERTS URGE BOOST TO BAMBOO INDUSTRY FOR ECONOMIC GROWTH IN ANAMBRA AND NIGERIA
Experts at an Investors’ Forum in Awka, Anambra, have raised concerns over Nigeria’s untapped bamboo potential, highlighting its value for sustainable industrial growth and green economy. They stressed the need for better policy, modern processing facilities, and investment to harness bamboo’s benefits for job creation, environmental protection, and economic development. With the global bamboo market…
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OSUN-OSOGBO DEVOTEES HONOUR ATAOJA WITH IBORI ADE FESTIVAL RITES
OSUN-OSOGBO DEVOTEES HONOUR ATAOJA WITH IBORI ADE FESTIVAL RITES Osun-Osogbo devotees and traditionalists gathered at the palace of Ataoja Oba Jimoh Olanipekun for the sacred “Ibori Ade” ceremony, marking a key event ahead of the grand festival finale this Friday. The ritual honours the Osun goddess and past Osogbo rulers, featuring cultural displays and traditional…
