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Tuesday, August 27, 2024

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Markets

MTN Nigeria’s Loss Drags Down Stock Market

Trading on the floor of the Nigerian Exchange, (NGX) kicked off the week on a bearish note, arising mainly from N11.30 or 6% declineinthe share price of MTNNigeria. Consequently, the All-Share Index declined by 0.2% to close at 97,582.41 points, with the Month-to-Date and Year-to-Date returns printing -0.2% and +30.5%, respectively. The total volume of trades increased by 53.6% to...

MTN Nigeria’s Loss Drags Down Stock Market

Trading on the floor of the Nigerian Exchange, (NGX) kicked off the week on a bearish note, arising mainly from N11.30 or 6% declineinthe...

UDB Focuses on Sustainability, Innovation to Drive Uganda’s Socio-economic Development

Uganda Development Bank Limited (UDB), the country's national Development Finance Institution (DFI) and the Best Bank in East Africa 2024, on Wednesday, July 23,...

Nigerian Stock Market Opens on a Bearish Note

The Nigerian equities market opened the week’s trading on a bearish note as sell-offs in TRANSCORP (-5.5%) undermined market performance. As a result, the...

MTN Nigeria’s Loss Drags Down Stock Market

Trading on the floor of the Nigerian Exchange, (NGX) kicked off the week on a bearish note, arising mainly from N11.30 or 6% declineinthe share price of MTNNigeria. Consequently, the All-Share Index declined by 0.2% to close at 97,582.41 points, with the Month-to-Date and Year-to-Date returns printing -0.2% and +30.5%, respectively. The total volume of trades increased by 53.6% to...

Tech

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Economy

Sustainability

AfDB, AU Launch Initiative to Eradicate Malnutrition Across Africa

The African Union Commission (AUC) and the African Development Bank Group's African Leaders for Nutrition (ALN) initiative, in collaboration with the government of Senegal, have launched a series of regional consultations that aim to transform nutrition policy and financing and end malnutrition across Africa. The inaugural two-day consultation for the West Africa region held in Dakar, Senegal, marks the beginning of...

“Middle-Income Trap” Hinders Progress in 108 Developing Countries – World Bank

More than 100 countries, including China, India, Brazil, and South Africa, face serious obstacles that could hinder their efforts to become high-income countries in...

From Uruguay to Ethiopia: Innovations in Sustainable Livestock Practices

With 70.3 million cattle, 95.4 million sheep and goats, and 8.1 million camels, Ethiopia leads Africa in livestock numbers. The country blends mixed farming...

AfDB, Red Cross Partner to Assist Vulnerable People in Africa

Following the signing of a Memorandum of Understanding (MoU) between the African Development Bank and the International Committee of the Red Cross in December...

Politics

Anambra State to Conduct Local Government Election in September

By Titus Chigozie After a hiatus of 10 years, Anambra State Independent Electoral Commission (ANSIEC) has said that it is set to conduct local government election in the state. A notice signed by the State Chief Electoral Officer, Genevieve Osakwe, revealed that the election will be held on September 28, 2024. The notice reads as follows; "Anambra State Independent Electoral Commission wishes...

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Perspective

A Glimmer of Hope From Abia

By Engr Pascal Ubani Amid intermittent travel advisories by Western diplomatic missions in the country to their citizens on visiting parts of the country because of the nationwide security challenges, the British High Commissioner to Nigeria, Richard Montgomery, on Tuesday, August 21, 2024, led a delegation to the $800m Aba Independent Power Project built by the Geometric Power group. Though...

A Glimmer of Hope From Abia

By Engr Pascal Ubani Amid intermittent travel advisories by Western diplomatic missions in the country to their citizens on visiting parts of the country because...

Flaying ANSIEC Unfairly to Derail Anambra LG Elections

By Chuka Nnabuife Sometimes the worst debacle is faced in trying to please people who think they are smart. When they try their dribbles and...

NNPC Ltd: An All-round Asset to Nigeria

By Olufemi Soneye In its editorial of 2nd August, 2024, the BusinessDay newspaper, characteristically, launched another scurrilous and baseless attack on the Nigerian National Petroleum...

Lifestyle

A Wedding and Soludo As A Unifying Force For National Good

By Christian ABURIME Weddings in any society are always occasions of profuse celebrations that bring together families, friends, and well-wishers in shared joy. The happy moments are cherished, and the memories go on. In a contemporary Nigeria where the socio-political landscape is deeply polarised along regional, ethnic, and religious fault lines, the unifying example of a leader who transcends these divides...

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Sport

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Nigeria’s Economy Sustains Growth Momentum in Q2

Nigeria’s economy sustained positive growth momentum in the second quarter of this year, as the GDP increased 3.19% compared to 2.98% in the first quarter of the year, and 2.51% in the corresponding period of last year....

Nigeria’s Economy Sustains Growth Momentum in Q2

Nigeria’s economy sustained positive growth momentum in the second quarter of this year, as the GDP increased 3.19% compared to 2.98% in the first...

NNPC Expands Global Market Footprint to Japan, China with LNG Supply

In line with its strategic vision to be a dynamic and reliable global energy supplier of choice, the Nigerian National Petroleum Company Limited (NNPC...

AfDB, AU Launch Initiative to Eradicate Malnutrition Across Africa

The African Union Commission (AUC) and the African Development Bank Group's African Leaders for Nutrition (ALN) initiative, in collaboration with the government of Senegal,...

A Glimmer of Hope From Abia

By Engr Pascal Ubani Amid intermittent travel advisories by Western diplomatic missions in the country to their citizens on visiting parts of the country because...

Stanbic Bank, National Basketball Association Africa and Luol Deng Foundation Celebrate First Jr. NBA/Jr. Women’s National Basketball Association Finals in South Sudan

Stanbic Bank in South Sudan, NBA Africa and the Luol Deng Foundation today hosted the first edition of the Stanbic Jr. NBA/Jr. WNBA Finals,...

NNPC Posts N3.3trn Net Profit, Declares N2.1trn Dividend

The NNPC Limited has posted profit after tax of N3.297 trillion in its 2023 financial year which ended on December 31, 2023. This represents an...

Afreximbank’s Net Interest Income Hits $826.2 Million in First Half of 2024

Afreximbank’s Net Interest Income grew by 24.5% in H1’2024 to reach US$826.2 million, compared to US$663.6 million for the same period last year (H1’2023)....

A Wedding and Soludo As A Unifying Force For National Good

By Christian ABURIME Weddings in any society are always occasions of profuse celebrations that bring together families, friends, and well-wishers in shared joy. The happy...

NNPC Expands Global Market Footprint to Japan, China with LNG Supply

In line with its strategic vision to be a dynamic and reliable global energy supplier of choice, the Nigerian National Petroleum Company Limited (NNPC Ltd) has commenced shipment of Liquefied Natural Gas (LNG) cargoes to Japan and China on...