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Stock investors lose N371bn in one day

Punch Newspapers Sections Published 10 March 2021 Investors on the Nigerian Stock Exchange on Tuesday lost N317bn in a trading session amid sell pressure on bellwethers, the News Agency of Nigeria reported. Specifically, the market capitalisation which opened at N20.612tn shed N371bn or 1.80 per cent to close at N20.241tn. Also, the All-Share Index dipped 709.72 points or 1.80 per cent to close at 38,686.85 from 39,396.57 achieved on Monday. Accordingly, the month-to-date and year-to-date losse...
Lafarge Africa Notore Chemical Industries Nigerian Stock Exchange On Neimeth International Pharmaceuticals News Agency Of Nigeria Bus Company

Ogun Assembly elects new deputy speaker

Punch Newspapers Sections Daud Olatunji, Abeokuta OGUN State House of Assembly on Tuesday elected a member representing Ogun Waterside State Constituency, Balogun Akeem, as the new Deputy Speaker. Balogunโ€™s emergence followed the removal of the former deputy speaker, Oludare Kadiri, who represents Ijebu-North II State Constituency, for gross misconduct. Balogun became the new Deputy Speaker sequel to his nomination by a member representing Remo North State Constituency, Solomon Osho. The moti...
Nigeria General Oludare Kadiri Abayomi Fasuwa Balogun Akeem Deji Adeyemo House Of Assembly On

NCDC reports 346 COVID-19 cases, six deaths

NCDC reports 346 COVID-19 cases, six deaths Published 10 March 2021 The Nigeria Centre for Disease Control has recorded 346 new cases of Coronavirus (COVID-19), taking the total number of infected people in Nigeria to 159,252. The NCDC gave the figures on its official Twitter handle on Tuesday. The News Agency of Nigeria (NAN) also reports that six people died from COVID-19 related ailments in the last 24 hours, taking the death toll to 1,988 and the number of patients who have recovered from t...
Nigeria General Lagos State Federal Capital Territory Abuja Federal Capital Territory News Agency Of Nigeria National Assembly

Nigerian payments startup Flutterwave raises $170m, now valued at over $1bn

Punch Newspapers Sections We may consider possible dual listing in New York, Nigeria โ€“CEO Olugbenga Agboola Nigerian payments startup, Flutterwave, has closed a $170m Series C funding round, the largest amount ever secured by an African tech startup and one that gives it โ€œunicornโ€ status with a value of over $1bn. As reported variously by online platforms, including Tech Crunch and Disrupt Africa, Flutterwave is one of several fintech groups aiming to facilitate and capitalise on a boomin...
New York United States South Africa San Francisco Olugbenga Agboola Tech Crunch

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Insecurity: Buhari deploys 6,000 troops in Zamfara

Punch Newspapers Sections Segun Adewole The President, Major General Muhammadu Buhari (retd.), has deployed 6,000 troops in Zamfara State to complement the efforts of the current security forces in the state. This was disclosed by the governor of the state, Bello Matawalle, who also revealed that the movement of motorcycles in large numbers has been banned in the state. Matawalle who shared on Twitter also warned that any politician that incites violence and endangers the security of the state...
Zamfara State United Kingdom Muhammadu Buhari Segun Adewole Bello Matawalle National Assembly

Constitution amendment: Senate pledges gender parity provisions

Punch Newspapers Sections Sunday Aborisade, Abuja The National Assembly has expressed its readiness to amend the Constitution to ensure gender parity and enact laws to improve the fortunes of women and girls in Nigeria. This was just as the Senate resolved to expunge provisions of the law as contained in the Police Act, Federal Character Law, Electoral Act, Labour Act, Political Parties Constitutions, which infringes on the rights of women in Nigeria. The decision was conveyed amidst resolution...
United States Abuja Federal Capital Territory Nigeria General Ahmad Lawan Stella Oduah Anambra Ladi Dadut

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