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The stock market attracted N42.142 billion invested in 1.602 billion shares in 19,507 deals last week. This was an increase of 292 per cent compared with the N10.759 billion staked on 1.263 billion shares in 19,975 deals the previous week. Equally, the NGX All-Share Index rose 1.27 per cent to close higher at 39,301.82. The rebound in the market could be linked to investors’ renewed appetite for shares boosted by the release of companies’ first quarter (Q1) results. According to analysts, the floor of the NGX would be flooded with more results this week. “We expect NGX’s floor to be flooded with results as the Q1-2021 earnings season commences in full swing. We believe investors will be looking for clues on how corporate earnings will evolve in 2021, given the expected improvement in macroeconomic conditions. ....
Gridlock: Sanwo-Olu looks on as trucks take over Apapa On By Kingsley Adegboye & Godfrey Bivbere THE end to the chaotic Apapa-Oshodi expressway gridlock may not be farfetched any longer, following the just awarded Section 2 of the ever busy dual carriageway to Dangote Construction Company Limited. The Section 2, which begins from Sunrise bus stop to Cele bus stop, was not awarded when sections 1 and 2 were awarded to Dangote for reconstruction in 2019. The section had been under procurement, until it was awarded this week. Consequently, this section has remained the major cause of the gridlock being experienced on the expressway over the years, because of its dilapidated state, arising from many years of neglect by the Federal Government. ....
..Traffic robbery cases on the rise .FG awards section 2 of Apapa-Oshodi Expressway for rehab By Olasunkanmi Akoni and Godfrey Bivbere Amid total neglect and non-challant disposition to duty motorists, commuters and truck drivers in Apapa environs have called for immediate intervention by Lagos State Government’s over the dilapidated road and poor traffic management along Oshodi-Apapa Expressway, Mile-2 Tincan Port access road. The call came following two weeks of agonising gridlock that has subjected road users to untold hardship, crippling business activities as well as danger to lives and property. The newly introduced electronic-call-up system by the Nigeria Ports Authority, NPA, to regulate the movement of trucks into ports have collapsed completely, as operators abandoned the system, parking Indiscriminately on the road. The improvised opening at the road median by Otto Wolf, along the Oshodi-Apapa Expressway has compounded the gridlock, as vehicles str ....
Only a few days ago, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, led a delegation to Borno State to meet with the Governor of the State, Babagana Zulum. In the conversation with Zulum, Kyari promised the establishment of a gas-fired power plant in Borno State within a maximum of 4 months to solve the recent blackouts that resulted from insurgents cutting off Borno from the national grid since January this year. In Kyari’s words, “We have talked to each other and we think it’s very possible to establish a dedicated power plant in Maiduguri which will serve current needs of power supply not only in Maiduguri but to other parts of the neighbouring cities.” ....
’Femi Asu The nation’s stock market extended its decline on Wednesday as investors continued to take profits on recent gains. Twenty-two firms sa. ....