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At the end of today’s trading session, Dangote Cement Plc investors had accrued around N293 billion due to the favorable sentiment observed on shares of certain blue-chip firms listed on the Nigerian Exchange. Investigations showed that the stock rose from N221.30 per share the day prior by 7.77% to N238.50 per share. According to further analysis, Dangote Cement concluded the day on the Nigerian Stock Exchange (NGX) at N238.50 per share and N4.064 trillion in market capitalization, compared to N221 per share and N3.771 trillion the previous day, marking a gain of N293 billion or 7.77%. The domestic Bourse (NGX), on the other hand, finished positively while the market was optimistic, with bulls dominating the activity for the second consecutive day. In contrast to the previou...

In spite of strong resistance from Somalia’s administration, the United Nations Security Council voted to sustain an arms embargo on the nation, asserting that al-Shabab continues to present a significant danger to regional tranquility and stability and that penalties are necessary to weaken its operations. The decision was taken on Thursday with a tally of 11-0, with abstentions from Russia, China, Gabon, and Ghana in favor of the Somali government’s request, supported by the African Union, to lift the arms embargo. The resolution additionally conveys concern regarding the persistent presence of ISIL (ISIS) affiliates in the Horn of Africa nation. The arms embargo is altered by the British-drafted resolution to consider the government’s progress in enhancing the management of arms and m...

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Dangote shareholders gain N293 billion as stock market extends gains

UN extends Somalia arms embargo amid government dissatisfaction