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Profit taking persist on NSE, market capitalisation loses N232 billion
Nigerian stock market closed on a negative note for the fourth straight session on Thursday with the market capitalisation losing N232 billion. Specifically, the market capitalisation which opened at N18.304 trillion dipped N232 billion to close at N18.072 trillion. Also, the All-Share Index lost 464.00 points or 1.32 per cent to close at 34,557.26 compared with 35,021.26 achieved on Wednesday. Accordingly, month-to-date loss increased to 1.3 per cent, while year-to-date gain moderated to 28.8 per cent. The downward trend was also driven by price depreciation in medium and large capitalised stocks amongst which are; Lafarge Africa, Guinness Nigeria, Zenith Bank, Dangote Sugar Refinery and MTN Nigeria Communications (MTNN). Market breadth was strongly negative with 40 laggards, in relative ...
Mikel Arteta wants Arsenal transfer European form into Premier League
Mikel Arteta has demanded Arsenal transfer their Europa League form into the Premier League, where he says his side need to start winning matches “immediately”. Goals from Eddie Nketiah, Mohamed Elneny, Joe Willock and Folarin Balogun helped the Gunners ease past Irish side Dundalk 4-2 in Dublin on Thursday to finish top of Group B with a 100 per cent record – the first time they have won six successive European matches since 2005. That fine European form is in sharp contrast to their domestic struggles, where the club have lost six out of their last nine matches to slump to 15th in the table. With the Europa League now finished with until February, Arsenal can focus all their attention on domestic competition, with Arteta stressing the urgent need to pick up positive results, starting wit...
Joe Biden picks diverse team of top economic advisers
President-elect Joe Biden named former Federal Reserve Chair Janet Yellen as his Treasury secretary nominee on Monday, and named three women to other top economic posts, setting the stage for a more diverse White House. While Biden’s transition to the presidency on Jan. 20 appeared to be hitting its stride, he himself was hobbling after fracturing his foot while playing with his dog on Saturday and will wear a protective boot for several weeks, his doctors said. The incoming administration has been hampered for weeks by Republican President Donald Trump, who has refused to concede to Biden, a Democrat. Trump has said without providing evidence that the Nov. 3 vote was fraudulent, claims that state and federal election officials have dismissed. Biden named leading members of an economic tea...
Coronavirus vaccine breakthrough raises hopes of rapid global rollout
A coronavirus vaccine developed by Britain’s University of Oxford and the pharmaceutical firm AstraZeneca has shown successful results in early trials. If it is approved by regulators, the vaccine appears suitable for a fast rollout around the globe. Early analysis of trials involving 20,000 volunteers in Britain and Brazil show the vaccine is at least 62% effective after two doses. In volunteers given a different dosing regimen — a half dose, followed by a full dose — that figure rose to 90%. The average efficacy of the two dosing methods is 70%. None of those given the vaccine developed severe COVID-19 illness. Andrew Pollard, director of the Oxford Vaccine Group, said the recent successful trials of three different vaccines by Oxford-AstraZeneca, Pfizer-BioNTech and Moderna, represent a...
OPL245 scandal: Coalition urges World Bank group not to protect oil giants
A World Bank affiliated group may scuttle Nigeria’s bid to successfully prosecute illicit funds associated with the controversial OPL 245, a coalition of international anti-corruption groups has said. The post OPL245 scandal: Coalition urges World Bank group not to protect oil giants appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Bulls on rampage, NSE market indices up 6.23 percent
The bulls continued to dominate activities on the Nigerian Stock Exchange (NSE) with the All-Share Index rising above the set five per cent threshold to trigger circuit breaker. The post Bulls on rampage, NSE market indices up 6.23 percent appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
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