AGS NEWS – The Nigerian stock market experienced a downturn last week, with a loss of N1.45 trillion in market capitalisation. The All-Share Index dropped by 2.94%, closing at 102,353.68 points, while the market capitalisation fell by 2.26% to N62.85 … Continue reading Equity market declines by N1.45tn in one week
AGS NEWS – On Monday, the Nigerian naira experienced a depreciation in both the official and parallel markets. At the Nigerian Autonomous Foreign Exchange Market (NAFEM), the naira fell to 1,523.85 per dollar from the previous close of 1,509.67. NAFEM, … Continue reading Naira falls to 1,523/$ in official market
AGS NEWS – The Lagos State Government has announced plans to begin the demolition of Oshodi Market by July 30. This was revealed by Gbolahan Oki, the General Manager of the Lagos State Building Control Agency (LASBCA), on Monday. Oki … Continue reading Lagos to demolish Oshodi market extensions starting July 30
AGS NEWS – The Nigerian naira saw a slight appreciation against the US dollar on Thursday in the Nigerian Autonomous Foreign Exchange Market, closing at N1,498.25/$ compared to N1,503.38/$ recorded the previous day. This shift occurred as the Central Bank … Continue reading Naira trades at N1,498/$ in official market as CBN cracks down on racketeers
Governor Sanwo-Olu has called upon local and international investors to collaborate with Micro, Small, and Medium Enterprises (MSMEs) in Lagos to enhance their products and services, breaking into the African Continental Free Trade Area and the global market. The governor … Continue reading Sanwo-Olu invites investors to boost MSMEs for global market access
Lagos State Governor, Babajide Sanwo-Olu, has called on stakeholders in the housing sector to adopt global best practices to minimize disasters in the industry. Speaking at the Real Estate Market Place Conference and Exhibitions with the theme “Real Estate Regulation: … Continue reading Sanwo-Olu calls on builders to embrace industry standards
The latest official figures indicate a slowdown in wage growth and signs of a stalling UK job market. Pay growth, excluding bonuses, decreased to 7.3% in the three months to October, accompanied by a drop in job vacancies. Despite the … Continue reading UK wage growth slows amid stalling jobs market
Bearish sentiments persisted on the Nigerian Exchange Limited as the market reacted to the recent Supreme Court judgment concerning the 2023 general elections, resulting in a market capitalization loss of N67 billion. This marked the second consecutive day of negative … Continue reading MTN, Flour Mills, and others reduce NGX market cap by N67 billion
Monaco is reportedly edging closer to finalizing a deal with Arsenal for the transfer of Folarin Balogun in the upcoming days. Balogun, a forward, garnered significant interest for his signature over the summer, largely due to his impressive performance on … Continue reading Folarin Balogun on the verge of Monaco transfer
The Nigerian naira exhibited a bolstering trend against the US dollar on Thursday, a progression that emerged subsequent to its previous closure at 740.67/$ on the Investor & Exporter (I&E) forex window. I&E window Encouraged by the Central Bank of … Continue reading Naira records official market gain, trading at 740.67/$
The Nigerian stock market experienced a slight increase last week, driven by MTN Nigeria Plc and other banking stocks. Investors adjust investment portfolios This trend occurred as investors adjusted their investment portfolios based on evaluations of certain companies’ H1’23 earnings … Continue reading Nigerian stock market records marginal gain
The housing market in Nigeria has experienced a notable increase of approximately 40% in leasing and sales costs during the first half of 2023. Despite inflation, rising interest rates, and reduced new investments, the cost of leasing or purchasing residential … Continue reading Housing market in Nigeria sees 40% surge in costs amid economic challenges
Protesters, comprising traders, gathered at the entrance of the Federal Capital Territory Administration (FCTA) office to voice their concerns over the management crisis in the Abuja Market Management Limited (AMML). The protest urged the Permanent Secretary of the FCTA, Olusade … Continue reading Protesters voice concerns over leadership crisis in Abuja market
Dr. Michael Tidi, Chairman of Warri South Local Government Area in Delta State, has refuted rumors circulating on social media about the planned closure of the popular Igbudu Market in Warri. Speculations suggested that the market would be shut down … Continue reading Delta local government refutes closure of market for monarch’s rites of passage
During the 10th edition of Vision Africa Radio Station’s media training, Ikechuckwu Emetu, the Deputy Governor of Abia State, disclosed a startling discovery. He revealed that a large number of Permanent Voters’ Cards (PVCs) had been found in the office … Continue reading Thousands of PVCs found in office of Abia market chairman
Traders at Sasa Market in Osogbo, Osun State, are urging the state government to take action in expanding the bridge over Sasa River to prevent frequent flooding in the market during rainfall. The demand comes after heavy rain on Saturday … Continue reading Flood hit Osun market, traders count losses
A school district in Utah has decided to ban the Bible from elementary and middle schools, deeming it unsuitable for younger readers due to its perceived vulgarity and violence. The decision was prompted by a parent’s frustration with previous attempts … Continue reading US district bans Bible for children, citing vulgarity and violence
A raging inferno broke out at the popular “Yan Katako” market in Sabon Gari, Zaria, Kaduna State, resulting in the destruction of over 150 shops. According to a source who preferred to remain anonymous, the fire started at around 1 … Continue reading Zaria market: Over 150 Shops Gutted by Fire
A devastating fire broke out at the Ojoto market in the Mile 2 area of Diobu, Port Harcourt on Thursday night, resulting in the destruction of over 200 shops and properties worth millions of naira. The incident occurred around 9:15 … Continue reading Over 200 shops destroyed by fire in Ojoto market, Rivers State
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