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Adegbite urges mining companies to prioritize host communities’ welfare On By Gabriel Ewepu – Abuja The Minister of Mines and Steel Development, Arc Olamilekan Adegbite, Saturday, urged mining companies to prioritize the welfare of host communities for smooth operations. Adebgite stated this in a statement signed by Special Assistant to the Minister of Mines and Steel Development, Ayodeji Adeyemi, while on tour of Multiverse Mining and Exploration Company’s mining site in Nasarawa State. He also stressed the need for synergy between mining companies and their host communities, as both ...

By Chinyere Joel-Nwokeoma Lagos, Feb. 18, 2021 Bearish sentiments persisted on the Nigerian Stock Exchange (NSE) on Thursday following sell pressure on MTNN, Guaranty Trust Bank and Zenith Bank shares. Consequently, All-Share Index dropped by 253.13 or 0.63 per cent to 40,212.19 from 40,465.32 achieved on Wednesday. Accordingly, the month-to-date and year-to-date losses increased to 5.2 per cent and 0.2 per cent, respectively. Also, the market capitalisation which opened at N21.169 trillion lost N133 billion to close at N21.036 trillion. The downturn was buoyed by value depreciation in large...

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’Femi AsuThe nation’s stock market finished lower on Tuesday as 20 firms saw their share prices decline at the end of trading.The Nigerian ...

By Goddy Egene The bears returned to the local bourse yesterday pulling, the Nigerian Stock Exchange (NSE) All-Share Index (ASI) down by 0.19 per cent to close at 40,494.35. The market had opened for the week on positive note after two weeks of decline, raising hopes that the bargain hunting could be sustained. However, sell-offs in Stanbic IBTC Holdings Plc, Nigerian Breweries Plc and Zenith Bank Plc, FBN Holdings Plc, Access Bank Plc, among others led to a negative close. A total of 20 stocks depreciated as against 22 stocks that appreciated. The top of the gainers’ table was dominated by...