VIDEO: Fire guts market in Lagos

October 9, 2022 Solomon Arowolo 0

An unnamed plaza has been destroyed in a fire outbreak that affeced a section of Balogun market, located on Lagos IId. Traders are however in a serious panic as they salvage their goods from the windows of the high-rise buildings and scamper to safety.

Rumoured fuel scarcity: NNPC cautions against panic buying despite private depot owners’ price hike

November 3, 2021 Segun Odunewu 0

Nigerians face another possibility of fuel scarcity as Independent Petroleum Marketers Association of Nigeria (IPMAN) are reluctant to lift or buy fuel from private depot owners who have increased pump price of fuel from N148/litre to N157/litre. IPMAN’s National Vice President, Alhaji Abubakar Maigandi said the N9/litre difference, which is about 6.08 per cent increase, has culminated in the gradual Read More

Banditry: Zamfara reopens 7 major markets

November 2, 2021 Sanusi Muhammad 0

The Zamfara state government has reopened seven major weekly markets after closure for almost two months as directed by Governor Bello Mohammed Matawalle. According to a statement issued to newsmen by the state Commissioner of Information, Ibrahim Dosara, Monday, the decision was based on series of requests by members of the public for the reopening of some weekly markets. “The Read More

Wema bank announces 135.8% growth in profit before tax

November 1, 2021 Suleiman Idris 0

Wema Bank Plc has announced an increase of 135.8 per cent in profit before tax (PBT) to close its third quarter at N7.2 billion on the back of a Year-on-Year (Y-oY) growth of 9.1 per cent in gross earnings to N63.1 billion from N57.8 billion. In its unaudited financial results its total assets increased by seven per cent to N1.07 Read More

Declare state of emergency on printing industry, APPA urges FG

October 27, 2021 Samson Benjamin 0

The association of professional printers in Abuja has called on the federal government to, as a matter of urgency, declare a state of emergency on the print industry. According the association, the industry is “fast-dying as a result of unfavourable government policies.” It made the call in commemoration of the International Print Day, a day set aside by the global Read More

Equity market maintains growth profile, gains N237bn

October 22, 2021 Amaka Ifeakandu 0

Equity market yesterday sustained growth profile, increasing by N237 billion. Specifically, market capitalisation of listed equities increased by 1.10 per cent to N21.763 trillion from N21.526 trillion reported the previous day. The NGX All Share Index also appreciated by 454.40 basis points to 41704.11 points from 41249.71 traded on Monday. Investors exchanged 216.194 million shares valued at N3.381 billion in Read More

NGX Group lists a total of 1.964bn shares on NGX

October 18, 2021 Amaka Ifeakandu 0

Nigerian Exchange Group Plc (‘NGX Group) has listed its shares by introduction on the Main Board of Nigerian Exchange Limited (‘NGX’). The Company, having satisfied the Listing Requirements of The Exchange and obtained relevant regulatory approvals, NGX Group is now listed in the Financial Services and Capital Market Infrastructure sector of the Exchange, with the ticker “NGXGROUP”. The company listed Read More

Congestion: NSUDB begins operation street clearing in Karu

October 15, 2021 John Wada 0

The Nasarawa State Urban Development Board in collaboration with the state waste management bureau has commenced operation street clearing in Karu local government area, aimed at decongesting the ever busy Mararaba highway. The exercise was led by the Managing Director of the board, Engineer Wada Yahaya, recently. Mararaba is the most populous town in Karu local government area, considering its Read More

Fresh relief for Kebbi market fire victims

October 13, 2021 Haliru Sarki Kende, 0

Perhaps, his military versatility might have informed Colonel Samai’la Bature Chama of the many deficiencies that tamed the socio-economic growth of Kebbi state created in August 27, 1991. He might also tap the soldierly instincts to conclude its lower entrepreneurial disposition to top the rest. It can’t however be disputed that Kebbi, a once leading ancient kingdom, was naturally the Read More

Global voices and the criminalisation of Chinese entrepreneurs

October 11, 2021 Dr. Austin Maho 0

In the August 31, 2021, article in the “Global Voices” an online publication. there was a piece by one Nwachukwu Egbunike title: “Chinese firms in Nigeria face widespread labour abuse allegations, tainting bilateral relationship” This piece is a response to the article, because it falls within the growing spat of misinformation about China and the Chinese which is fuelled mostly Read More

Exhibitors crash prices at Abuja International Trade Fair

October 1, 2021 Benjamin Umuteme 0

Despite the high rate of inflation in the country, traders and exhibitors at the 11th Abuja International Trade Fair (AITF) appeared to have crashed prices of major goods and products at the ongoing trade fair at Abuja Chamber of Commerce and Industry and Industry (ACCI). A survey of exhibition stands at the Fair showed that the prices of goods and Read More

Equity market rebounds, gains N382bn

September 30, 2021 Amaka Ifeakandu 0

Transactions on the floor of Nigerian Exchange (NGX) yesterday closed higher, gaining N382 billon. The market performance according to operators was lifted by activities in Dangote Cement Plc and Nestle Nigeria Plc which recorded gains of N6.53 and N6.36 respectively. Specifically, market capitalisation of listed equities appreciated by N382 billion or 1.88 per cent to N20.627 trillion from N20.245 trillion Read More

Nigeria, Ukraine meet over baliterial relationship in field of education

September 27, 2021 Bode Olagoke 0

In a bid to lift the nation’s educational system, the Nigerian and Ukrainian governments have met in Abuja to discuss modalities of developing bilateral relationship between both countries.  This is even as both countries have intensified talks on cooperation and signing of agreements with focus on Ukranian experience. Hosting a  delegation of Ukraine Embassy in Nigeria together with Ukrainian Center Read More

Fani-Kayode: Nobody can stop defectors into APC – Party chieftain

September 21, 2021 Bode Olagoke 0

A chieftain of the All Progressives Congress (APC) in Bauchi state and state chairmanship aspirant, Hon. Hamidu Saidu Sani, has said no one can stop anybody from decamping to the ruling party from another party. The APC chieftain was reacting to outrage following the recent defection of former Avaition Minister Femi Fani-Kayode into the ruling APC. Saidu made this clarification Read More

APC group lauds Buhari’s strategic responses to Covid-19 pandemic

September 15, 2021 Bode Olagoke 0

A group of the ruling All Progressives Congress (APC) on the aiges of APC Legacy Awareness and Campaign (APC-LAC) has commended the firm responses of President Muhammadu Buhari-led administratiom to the Covid-19 pandemic. The group, which is a voluntary think-tank group of the governing party, particularly lauded President Buhari’s setting up of an Economic Sustainability Committee chaired by the Vice Read More

Excitement as Dapines Global Investors opens nominations for Abuja excellence awards

September 12, 2021 Agi Onda 0

Organisers of the yearly Abuja Business and Excellence Awards, Dapines Global Investors Ltd, has announced  the second phase of the event with the official kick-off of public voting after a long period of open nomination from August 1- September 10, 2021. Convener of the now celebrated annual event, Simon Tuleh, in a press statement made available to Blueprint, Sunday,   said Read More

Banditry: Gumi’s position self serving, threat to national security- PGF boss

September 9, 2021 Bode Olagoke 0

The Director General of the Progressive Governors Forum (PGF), Dr Salihu Lukman, has faulted the Islamic cleric, Sheikh Abubakar Gumi, for calling on the authorities to grant amnesty to bandits in the country. The APC chieftain said Gumi’s position was not only self serving but clearly a threat to national security. Lukman also applauded the role played by Chief Executive Read More

Bulls return as equity market gains N36bn

September 2, 2021 Amska Ifeakandu 0

Transactions on the floor of Nigerian Exchange yesterday returned to bullish trend, appreciating by N36 billion as investors awaits companies announcement for payment for interim dividend. Specifically, market capitalisation of listed equities up by 0.36 billion to N20.451 trillion from N20.415 trillion reported the previous day. The Nigerian Exchange All Share Index also appreciated by 68.01 basis points to 39252.19 Read More

FCTA storms Gwarimpa, demolishes illegal markets, popular tipper garage

September 2, 2021 Abdullahi Muhammad 0

The Federal Capital Territory Administration on Wednesday stormed Gwarimpa Estate in continuation of its ongoing city sanitation, demolishing some illegal markets and a notorious tipper garage. Chairman, FCT Ministerial Committee on City Sanitation, Ikharo Attah, who led the operations, said the exercise that would be sustained for days, was to prevent Gwarimpa from becoming a slum. He noted that the Read More

Miscreants wreck havoc in Mpape as FCTA resumes cleanup

August 23, 2021 Abdullahi Muhammad 0

Miscreants took to the street of Mpape on Monday snatching women’s hand bags and cell phones as the FCT Ministerial Task Force on City Sanitation resumed demolition exercise after three days break. Trouble ensued when FCT Task Team led by the chairman, Ikharo Attah had removed shanties, brothels, worship centres and National Union of Road Transport Workers Office (NURTW) on Read More

Corruption, insecurity differentiate APC from PDP, PGF boss replies Jega

August 23, 2021 Bode Olagoke 0

Director General of the Progressive Governors Forum (PGF) and a chieftain of the All Progressives Congress (APC) Salihu Moh Lukman, has faulted the former chairman of the Independent National Electoral Commission (INEC) Attairu Jega, for saying the ruling party and the opposition Peoples Democratic Party (PDP) are the same. Jega had in a recent interviews claimed that both the PDP Read More

Excitement as Titan Trust Bank opens Apapa, Lagos branch

August 23, 2021 Bode Olagoke 0

Titan Trust Bank Limited has announced the opening of its state-of-the-art branch located at 17, Burma Road, Apapa, Lagos for commercial operations. A statement by the lender said the development is in furtherance of its efforts to offer customers endearing experience. The lender further noted that the new branch provides a full suite of banking products and services for retail Read More

Bears snatch victory as stocks tumble N20.5bn

August 22, 2021 Blueprint 0

Bears returned to the stock market last week, deflating value by N20.5 billion for market capitalisation to berth at N20.6 trillion. This is just as AIRTELAF announced the closing of the first Airtel Money Minority Investment transaction worth $150.0 million by Qatar Investment Authority (QIA). The benchmark index closed in the red on three of the five trading sessions. Consequently, Read More