Author: Prima News

The stock market on Thursday closed on a negative note as investors lost N1.92 trillion following sell-offs in banking and cement stocks. This came amid reactions to new regulatory guidelines by the Central Bank of Nigeria on foreign subsidiaries of banks. Market capitalisation dropped from N155.780 trillion to N153.858 trillion, representing a decline of 1.23 per cent or N1.922 trillion. The All-Share Index (ASI) also fell by 1.23 per cent or 2,994.90 points to close at 239,734.61, from 242,729.51 recorded previously. The Year-to-Date (YTD) return moderated to 54.82 per cent. Speaking on the development, an investment banker and stockbroker, Mr…

President Bola Tinubu has appointed Arinola Ogbara-Banjoko as a Non-Executive Director to represent Lagos State on the Board of the Nigeria Commodity Exchange (NGX), under the Federal Ministry of Industry, Trade and Investment. Mrs Ogbara-Banjoko replaces Mrs Bamidele Hussein. President Tinubu had earlier in April this year constituted the board of the Exchange with Dalhatu Abubakar as the Chairman, along with other non-Executive Directors. The President expects the new appointee to bring her wealth of experience and professionalism to bear in strengthening the exchange’s operations and supporting the Federal Government’s drive to deepen commodity trading, market access for farmers and…

The Enugu State Ministry of Transport has denied reports of a road crash resulting in an inferno that allegedly claimed over 50 lives at the Ugwu Onyeama axis of the Enugu–Onitsha Expressway, describing such reports as totally false and misleading. A statement issued by the spokesperson of the ministry, Odumegwu Chinwendu, on Thursday maintained that images being passed off as Ugwu Onyeama do not depict any part of that axis by any stretch of the imagination. “Our attention has been drawn to false and misleading reports currently circulating on some online platforms alleging that a fatal inferno occurred at the…

News » Premier League news » Arsenal newsMay 7, 2026 21:15 GMT (UK), by Sri Aswin View Arsenal summer 2026 transfer targets Danilo to Arsenal or Chelsea? Arsenal and Chelsea are exploring a summer move for former Nottingham Forest midfielder Danilo, according to Globo in Brazil. The 25-year-old joined Botafogo from Forest last summer and has managed to transform his career with them.He spent much of the time on the sidelines in the back end of last year, but has been brilliant for Botafogo since the start of the new campaign.Danilo has 10 goals and three assists from just 22 appearances this season, and…

FIFA has selected “Dai Dai” by global icon Shakira featuring Nigerian superstar Burna Boy as the official song for the 2026 FIFA World Cup, set to be co-hosted by the United States, Mexico, and Canada. Shakira unveiled a 67-second teaser for the track on Thursday, filmed at the historic Maracanã Stadium. In the high-energy clip, the Colombian singer, dressed in a yellow outfit with a blue skirt and sneakers, dances across the pitch alongside a group of dancers surrounded by footballs. The video ends with the camera zooming out with fireworks going off over the stadium and a message that…

The Festival of Arts and Culture tagged FESTAC ’77 brought together thousands of participants from across Africa and the diaspora in one of the continent’s biggest cultural gatherings, aimed at promoting pan-African unity and Black civilisation, almost 50 years ago. Chairman of the FESTAC Africa Renaissance Festival, Yinka Abioye, speaks with WALE AKINSELURE on plans to revive the festival, which last held in 1977 FILE: Yinka Abioye Why is it necessary to revive FESTAC now, almost 50 years after the event? The first reason why there’s a need to bring it back is because of all the things we are…

Oreoluwa Adeyinka is a senior programme manager at the Lagos Business School’s Family Business Initiative The success of a family business is often born out of courage, sacrifice, hard work, and a strong desire to build something meaningful. Many founders start with a dream, nurture it with personal discipline, and grow it through resilience. However, while passion can launch a family business, it is governance that sustains it. For family enterprises that desire to outlive their founders and remain relevant across generations, legacy must not be left to chance. It must be designed, protected, and strengthened through clear structures. Family…

Cybersecurity consultants have never been more in demand. Information security analyst roles are projected to grow nearly 30 percent between now and 2034, according to the U.S. Bureau of Labor Statistics. More than 15 million cybercrime incidents occurred worldwide in 2024, Statista reported.Data breaches are costly and pose direct safety risks. Statista reported that more than US $10 trillion is spent annually repairing the damage caused by cybercrime, most commonly phishing, spoofing, extortion, and data breaches. In one example in the United States, breathalyzer devices installed in vehicles became disabled, leaving hundreds of drivers stranded, as detailed in an IEEE…

It has been 24 years since football powerhouse Brazil, the most successful nation in World Cup history, lifted the trophy, and forward Luiz Henrique told AFP the team must use that pressure as motivation when the tournament kicks off in June. The winger, who plays for Russia’s Zenit, was a baby when five-time winner Brazil last won the World Cup in 2002. He is one of head coach Carlo Ancelotti’s key attacking options for the World Cup in the United States, Canada, and Mexico, as Brazil grapples with multiple injuries. “Pressure is always a good thing. In football—and especially with…

World Bank has said Nigeria requires approximately $37 billion in targeted investments in adolescent girls to unlock long-term economic growth and generate more than $400 billion in additional income by 2040. The Washington-based institution disclosed this in a new report examining the economic impact of investing in education, healthcare and economic inclusion programmes for girls across Nigeria and Africa. According to the report, strategic investments focused on adolescent girls could significantly improve productivity, labour participation and household income while strengthening Nigeria’s long-term growth outlook. “Estimates suggest that investing in adolescent girls in Nigeria between now and 2040 could generate more…