Business
Exchange Experiences Poor Outing
The performance of
traded equities at the Nigeria Stock Exchange (NSE) opened the week negatively as the indicators depreciated.
All Share Index closed lower at 37,888.47 points losing 282.85 points or 0.74 per cent compared to 38,171.32 recorded on Friday, the closing of the previous week’s trading.
Also, market capitalisation depreciated by N91 billion to close lower at N12.170 trillion, compared to N12.261 tillion according to market statistics on Friday.
The investors traded a total of 219.704 million shares, worth N2.411 billion which exchanged hands in 4.091 deals.
This is against the 609.579 million shares valued at N3.74 billion traded by investors in 4, 033 deals on Friday. The volume of traded shares depreciated by 389.875 million shares while share value dropped N1.33 billion.
Flourmill made N1.695 gain per share to lead the gainers table, closing at N77.95 per share.
Stanbic IBTC Bank followed after making a gain of 85K per share to close at N20.35 per share to close at N7.70 per share.
However, Total Plc lost N7.02 per share, to close at N159.03 per share to be at the fore front of the losers chart.
Forte Oil followed with a loss of N5.20 per share to close at N98.80 per share.
The Banking shares remained the most patronised by the investors, powered by Diamond Bank which traded a total of 35.54 million shares valued at N230.65 million
Business
FEC Approves Concession Of Port Harcourt lnt’l Airport
Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
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