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FCMB Top Gainers Chart … As Zenith Loses

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Chidi Kalu/Njideka Muaneke

At the close of trade on the floor of the Nigerian Stock Exchange (NSE) last Friday, a total of 6,466 deals was recorded which was valued at N2.9 billion with a total index market capitalization of 22,968.21. At the Top 10 Volume chart, First City Monument Bank (FCMB) came top with 62 deals, valued at N1,277,836,623.91, having a volume of 178,753,388.

Guaranty Trust Bank (GTB) followed with a total deal of 525 which was valued at N164,554,232.04, while United Bank for Africa (UBA) closed rank with a total value of N148,970.740.68 on 62 deals.

Access Bank finished fourth with 220 deals, valued at N94,082,644.04 and 13,611, 545 being the volume traded. Fidelity Bank went home with N73,312,301.87, recording a total deal of 277.

Oceanic Bank smiled home at the close of trade with the sum of N46,663,553.05 as the value traded, having 323 deals and the volume of 11,571.131.

Transcorp Plc finished seventh on the list with 160 deals, which is being valued at N34,969,548.37.

Continental Insurance Plc went home with N22,550,641.06 on 18 deals, and was followed closely by First Inland Bank on 59 deals, valued at N22,232,030.69.

Capital Hotel closed the top 10 list with 11 deals, valued at N13.9 million.

GlaxoSmith opened the gainers chart with 23.99 and closed at 22.18 having a change of 1.19, followed by UAC-prop which opened the floor with 21 and closed at 22.05 with a change of 1.05. NBC opened with 19.89 as against 20.88 with a change of 0.99, while CCNM follow suit with 12.1 as against 12.7, having a change of 0.6.

Other gainers at the close of trade on Friday include IBTC, RT Briscoe, Vita form, Oceanic Bank, Becopetro, Leventis, Custodian Insurance, Fidelity Bank, Red Star Express, Wema Bank, UN Homes, Crusader, United Bank, Japaul Oil etc.

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Stakeholders Meet To Assess Nigeria’s Preparedness For AFCFTA

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Stakeholders are expected to converge in Lagos today to take a look at the Nigeria’s preparedness to maximize the gains of the African Continental Free Trade Area (AfCFTA). 
The Tide learnt that stakeholders will be converging at the instance of a popular online newspaper, Primetime Reporters, to assess the progress made so far by the Federal Government through the National Action Committee on AfCFTA agreement.
The event which is the Third Annual Lecture and Awards of the online medium has as its theme: “Assessing Nigeria’s Preparedness to Maximize the Gains of AfCFTA.” 
The event will also witness conferment of awards on eight eminent Nigerians who have distinguished themselves in various fields of human endeavours.
The Managing Director/Editor-In-Chief of Primetime Reporters, Mr. Saint Augustine Nwadinamuo, made this known in a statement made available to The Tide in Lagos on Monday.
According to him, the event will hold at the National Institute of International Affairs (NIIA), Kofo Abayomi Street, Victoria Island, Lagos beginning from 10.00am.
Nwadinamuo said that the event would be chaired by a renowned legal practitioner, Barr. Osuala Emmanuel Nwagbara of the Maritime and Commercial Law Partners, Lagos, while the Director General, Lagos Chambers of Commerce and Industry (LCCI), Dr. Muda Yusuf, would be the lead paper presenter.

By: Nkpemenyie Mcdominic, Lagos

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EFCC Nabs 419 Kingpin Over N250m Fraud

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The Economic and Financial Crimes Commission (EFCC), has arrested a leader of a deadly 419 syndicate, Abayomi Kamaldeen Alaka (a.k.a Awise) over an alleged attempt to swindle an innocent Nigerian of N250 million. 
The Tide learnt that the syndicate operates from a shrine at Ashipa Town, near Abeokuta, Ogun State.
According to a statement made available to The Tide in Lagos on Sunday, by the EFCC, Awise’s arrest followed a petition by his victim, Juliet Bright who lost N250m to the fraudster after she was tricked to provide money for sacrifices and invocations to heal her of an ailment.
The statement said Bright was introduced to Alaka by one Akinola Bukola Augustina (a.ka. Iya Osun) whom she met on Facebook in the course of her search for solutions to her health challenge. 
What drew her to Augustina was the latter’s post under the name, Osunbukola Olamitutu Spriritual Healing Centre.
 Once Bright contacted Augustina, the latter promised to heal her if she could pay N16 million. 
The victim paid the money through an Access Bank account belonging to one Mohammed Sani, who later turned out to be a Bureau De Change Operator.
After paying the money without receiving healing, Augustina transferred the victim to other members of the syndicate, notably Awise. 
Bright revealed that she met Awise at his shrine in Ashipa Town and was hypnotized and subsequently transferred various sum through bank accounts and in cash to the suspect and his syndicate members, until she lost N250 million to them.
Despite all the monies collected from her, her health conditions has never improved.

By: Nkpemenyie Mcdominic, Lagos

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Expert Wants Farmers To Grow Plant Produce For Export

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An expert in Quarantine Agriculture, Dr Vincent Ozuru, has advised Nigerian farmers to give more attention to growing plants produce that could be exported.
He said that plant like the hibiscus, popularly known as Zobo is on high demand in some countries around the world, today.
Ozuru who gave the advice while speaking to aviation correspondents at Port Harcourt International Airport, Omagwa, noted that some plants produce, particularly hibiscus, had yielded huge revenue to the Federal Government through export.
According to him, Nigeria exported about 1,983 containers of hibiscus to Mexico alone in 2017 and earned $35 million within nine months of that year.
The agricultural quarantine expert explained that the export of the plant had a setback as a result of storage pest discovered by the Nigeria Agricultural Quarantine Service in some consignments.
“The issue has now been taken care of and the export is resuming again, and all matters have been resolved with the stakeholders across the value chain.
“Mexico is the largest importer of Nigerian hibiscus, and our farmers should brace up to the challenge.
“The good news is that Nigeria has a vast growing belt in hibiscus, and the harvest is available all year round.
“We need to take advantage of this opportunity to earn foreign exchange for ourselves and for the country at large, even with the commitment of the present administration to diversify the economy”, he said.
Ozuru called on Nigerian farmers to show more commitment to the growing of export produce and also endeavor to get ready information on it in order to increase their income.

By: Corlins Walter

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