NSE market indices reopen with marginal growth

The Nigerian Stock Exchange (NSE) crucial market indicators opened for the week on Monday with a marginal growth of 0.06 per cent in a cautious trading. The market capitalisation rose by eight billion naira or 0.06 per cent to close at N13.637 trillion against N13.629 trillion achieved on Friday. Similarly, the All-Share Index, which opened at 37,625.59, grew by 22.34 points or 0.06 per cent to close at 37,647.93 following marginal gains by some blue chips. Dangote Cement Industries led the gainers’ table during the day, appreciating by N2 to…

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US asks federal government to end killings

The Deputy Chief of Mission at the U.S. Embassy in Nigeria, David Young, has condoled with the people of Plateau State over the recent killings in the state. Mr Young, who extended his country condolence on Monday in Jos when he visited Governor Simon Lalong, urged Nigerians to embrace peace and promote unity in the country. He emphasised the need for the people to speak peace and work ways to ensure that the realisation of and affirm the need for peaceful coexistence among them. The deputy chief of mission said…

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Official: Abuja light rail will boost FCT economy, transport system

Transportation Secretary of the Federal Capital Territory (FCT), Kayode Opeifa, has expressed optimism that most of the transport gridlock in Abuja would soon disappear with the commissioning next Thursday by President Muhammadu Buhari, of the Abuja light rail system. Speaking during a chance encounter with newsmen Monday, Opeifa, a former Commissioner for Transport in Lagos State, allayed fears that the transport situation in Abuja could relapse to the chaos that it has become at the former federal capital. According to him, “The Abuja rail system is as advanced as any…

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2019: PDP meets with R-APC, 30 parties

The leadership of the Peoples Democratic Party (PDP) is currently holding a meeting with leaders of over 30 political parties in Abuja. The meeting, which is ongoing at the Shehu Musa Yaradua Centre in the Federal Capital Territory, is convened less than 225 days to the general elections. Leaders of political parties in attendance include that of the Labour Party, SDP, ADC, NCP, and a host of other newly registered parties, as well as the Reformed All Progressives Congress (R-APC) – a faction of the ruling party. PDP National Chairman…

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Boris Johnson resigns as UK foreign secretary

Boris Johnson has resigned as British foreign secretary, becoming the third minister in 24 hours to walk out of the government. On Sunday, David Davis, the most senior official in charge of Brexit negotiation, resigned after Prime Minister Theresa May announced she had finally united her quarrelsome government to support the plan. Davis who was Brexit secretary told May in a letter that the government’s proposals for future trade ties with the bloc “will leave us in at best a weak negotiating position, and possibly an inescapable one.” His resignation…

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North Korea, US need to narrow difference in initial denuke talks – South Korean minister

The Democratic People’s Republic of Korea (DPRK) and the U. S. would need the process of narrowing difference in initial negotiations for the denuclearisation of the Korean Peninsula, South Korea’s unification minister said Monday. Unification Minister Cho Myoung-gyon told a forum in Seoul that the process of ironing out differences between Pyongyang and Washington will be necessary in the initial phase of negotiations for the denuclearisation, according to local media reports. Cho’s comments came after U.S. Secretary of State Mike Pompeo’s visit to Pyongyang over the weekend. Shortly after Pompeo…

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Dangote promises loyal cement customers refinery distributorship licence

For their continued loyalty, the management of Dangote Cement Plc, at the weekend announced cash and kind rewards and also a priority distributorship licence as soon as Dangote’s refinery project come on steam next year for the loyal cement customers. Aliko Dangote, President of Dangote Group, who made the pledge, profusely thanked the loyal cement distributors for their faith in the company and also assured them of consistent reward, as a form of motivation for their patronage and loyalty to the brand. Dangote said, “This event today is significant in…

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Insecurity: Vice President Osinbajo charges state attorneys-general to clampdown on criminals

Vice President Yemi Osinbajo has charged Attorneys-General in the 36 states of the federation to brace up to the challenge of prosecuting criminals arrested in their various jurisdictions, especially terrorists, murderers, kidnappers, among others. The vice president made the challenge just as the Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami (SAN), said insecurity in any form in any part of the country, was an affront to the values sworn to defend and future envision for the country. In a statement released, on Sunday, Special Adviser on…

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Japan floods death toll climbs to 94

The number of people who have died in floods and landslides triggered by “historic” levels of torrential rain in Japan climbed to 94 on Monday, with the eventual death toll expected to exceed 100. Almost 2 million people were still subject to evacuation orders, while tens of thousands of rescue workers battled mud, water and rubble to search for survivors stranded in their homes. The heaviest rainfall seen in Japan for decades has caused destruction over large parts of the country, particularly in the south-west, where 58 people are missing.…

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45-year-old man arrested for defiling 11-year-old girl

A 45-year-old man, Musibau Asinde, has been arrested by men of the Ogun State Police Command for having unlawful carnal knowledge of an 11-year-old in Ibese area of Ilaro. The 45 year old suspect was arrested following a complaint from the mother of the victim, Risikat Idowu. Idowu, who reported that she sent her daughter on errand at about 7:30pm on June 5, 2018, said the girl who returned from the errand very late to complain that she was lured by Asinde with N100 note into his apartment where he…

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