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Stock market reverses gain, sheds N337bn

By Rukayat Adeyemi Lagos, Nov. 6, 2024 The Nigerian stock market reversed its gains from the previous session, recording N337 billion loss for investors on Wednesday. Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation which opened at N58.852 trillion shed N337 billion or 0.57 per cent to close at N58.515 …

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NDIS7: Nigeria’s N5bn creative industry, a goldmine for diaspora investment – Panelists

Abuja, Nigeria – November 6, 2024 Dr Patrick Doyle, a renowned Nigerian Actor, has said that the Nigerian creative industry has recorded unprecedented growth, with the box office crossing five billion Naira as of September 2024. Doyle stated this while moderating a panel discussion on ‘Appraisal of Investment Prospects in …

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Obi advocates ethical use of AI

In a unique convergence of thought, the Faculty of Mass Communication and the Faculty of Religion recently held concurrent international conferences, each reflecting on the transformative impact of Artificial Intelligence (AI) from different perspectives. Labour Party (LP) Leader, Mr. Peter Obi, was represented at both events which took place on …

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Naira depreciates by 0.6% against dollar 

By Grace Alegba Lagos, Nov. 6, 2024 The Naira depreciated on Wednesday at the official market, trading at N1,681.65 to the dollar. Data from the FMDQ Exchange’s official trading platform, which oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that Naira lost N10.33. This represents a 0.61 per cent …

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Sanwo-Olu congratulates Rabiu Olowo on election as Chair, International Group, ISAR

Lagos State Governor, Mr. Babajide Sanwo-Olu, has congratulated the Executive Secretary/Chief Executive Officer of the Financial Reporting Council of Nigeria, Dr. Rabiu Olowo, on his election as the Chair of the United Nations Conference on Trade and Development (UNCTAD) Intergovernmental Working Group of Experts on International Standards of Accounting and …

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Parallels of redemption: The narratives of Gogol’s “The Overcoat” and Cross of Calvary By Isaac Megbolugbe

November 5, 2024 Introduction In the realm of literature and spirituality, few connections are as profound as that between Nikolai Gogol’s seminal work, “The Overcoat,” and the crucifixion of Jesus Christ at Calvary. While these two narratives may seem worlds apart, they share a common thread – the transformative power …

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Dangote, pillar of strength for Nigeria’s industrial growth – LCCI; ‘We’re committed to diversification of economy’ – GED

Dangote Industries Limited (DIL) has restated its commitment to driving the diversification of Nigeria’s economy for growth and job prospects through strategic investments. This is just as the Lagos Chamber of Commerce and Industries (LCCI) described the Company as the pillar and strength of the nation’s economy with its many …

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Afreximbank signs landmark deals at African Energy Week 2024

CAPE TOWN, South Africa, November 6, 2024 The African Export–Import Bank (Afreximbank) signed multiple landmark deals at the African Energy Week: Invest in African Energies deal-signing ceremony in Cape Town on Tuesday. Among these was a $100-million revolving back-to-back letter of credit facility for oilfield equipment provider JE Energy Ltd. …

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Tinubu mourns COAS, Lt.-Gen. Lagbaja; Postpones FEC meeting; Directs national flag to be flown at half mast

By Salif Atojoko/Okon Okon/Sumaila Ogbaje Abuja, Abuja, Nov. 6, 2024 President Bola Tinubu has announced the passing of Lt.-Gen. Taoreed Lagbaja, Chief of the Army Staff, at age 56. Mr. Bayo Onanuga, the President’s spokesman, said in a statement on Wednesday that Lagbaja died on Tuesday night in Lagos after …

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Safelify’s travelers’ safety products for global unveiling; Nigeria’s Consul General in New York, US Mayor to grace event

Nigeria’s Consul General in New York, United States of America (USA), Ambassador Abubakar Jidda, Mayor of the City of Linden, Mayor Derek Armstead and other eminent personalities are expected to grace the unveiling of  a revolutionary suite of safety, health, and wellness solutions by an international organization, SafeLify. A statement …

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Alleged N3b fraud: I exchanged Naira for Dollars for Yahaya Bello – BDC Operator

Jamilu Abdullahi, a Bureau de Change operator and the third prosecution witness in the trial of Ali Bello, on Tuesday, November 5, 2024, affirmed before Justice Obiora Egwuatu of the Federal High Court, Maitama, Abuja that funds were brought to him by agents of Kogi State Government for the payment of school fees of the daughters of former governor, Yahaya Bello. …

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