Eid El Fitr
Trading resumes after Eid-el-Fitr celebration with 0.07% growth
The Nigerian Stock Exchange (NSE) reopened trading on Wednesday after the public holidays to mark the Eid-el-Fitr celebration with a marginal growth of 0.07 per cent. Speficially, the All-Share Index rose by 16.48 points or 0.07 per cent to close at 25,221.23 compared with 25,204.75 achieved on Friday. Similarly, the market capitalisation which opened at N13.135 trillion garnered N9 billion or 0.07 per cent to close at N13.144 trillion. The uptrend was impacted by gains recorded in large and medium capitalised stocks, amongst which are; Nigerian Breweries, Dangote Cement, Stanbic IBTC Holdings, Guinness Nigeria and Dangote Sugar Refinery. Market breadth remained positive with 32 gainers compared with 11 losers. A breakdown of the price movement chart indicates that Nigerian Breweries led t...
Eid-El-Fitr: Senator Omo-Agege harps on personal sacrifices, self denial
As Muslims in Nigeria join the rest of the world to mark this year’s Eid-el-Fitr, Deputy President of the Senate, Senator Ovie Omo-Agege has called on Nigerians to draw enduring lessons from the holy month of Ramadan, which includes personal sacrifices and self-denial. Senator Omo-Agege in his Eid-el-Fitr message has however called for prayers for the country to overcome its challenges, even as he charged citizens on peaceful coexistence. In a statement signed yesterday by his Special Adviser Media and Publicity, Yomi Odunuga, the Deputy President of the Senate noted that the auspicious occasion of Eid el-Fitr does not only mark the end of fasting, kindness and good deeds during the holy month of Ramadan, but its global focus on worthy virtues can help lift the world towards being a much b...
Central bank reschedules MPC meeting over holidays
The Central Bank of Nigeria (CBN) has rescheduled it’s Monetary Policy Committee (MPC) meeting from Monday and Tuesday May 25 and 26 to Thursday, May 28. The CBN Director, Corporate Communications Department, Mr. Isaac Okorafor, made this known in a statement in Abuja on Thursday. Okorafor explained that the rescheduling of the meeting was due to the declaration of May 25 and May 26 as public holidays by the Federal Government to commemorate the Eid-el Fitr. He said for the avoidance of doubt, CBN had put necessary machinery in place for the meeting to now hold for only one day on account of the ongoing COVID-19 national lockdown. He added that this step taken was also to align this meeting with the extant rules of the Presidential Task Force (PTF) on COVID-19 and advisories from other rel...
Bauchi governor orders payment of salaries
Bauchi State Governor, Sen. Bala Mohammed, has approved the payment of May, 2020 salaries of Civil Servants in the state ahead of the Eid-el Fitr celebration. His Senior Special Assistant on Media, Muktar Gidado, revealed this on Sunday in a statement. He said the Governor has directed the State Accountant General to ensure that the salaries are paid on or before the 20th of May. He explained the development was to enable workers, including pensioners enjoy a happy Eid-el Fitr celebrations. Mohammed assured civil servants in the state of the commitment of his administration to prompt payment of salaries in addition to other reforms introduced to ensure effective service delivery. He equally enjoined them to ensure total compliance with all the protocols against COVID-19 pandemic. Get more ...
