Business
NSE Equities Trading Close Lowers As Market Indices Dip 4.16%
The market indicators of the Nigerian Stock Exchange (NSE) on Wednesday dipped further by 4.16 per cent, following persisting investors’ sell pressure.
Reports have it that the All-Share Index declined by 1354.77 points or 4.16 per cent to close at 31,167.54 points, against the 32,522.31 points posted on Tuesday.
Similarly, the market capitalisation which opened at N10.766 trillion, lost N448 billion or 4.16 per cent to close at N10.318 trillion, due to price losses by some blue chip equities.
Seplat led the losers’ chart with a loss of N16.69, to close at N317.24 per share.
Guinness followed, shedding N15.30 to close at N141.74, while Dangote Cement lost N9.02 to close at N171.48 per share.
Nigerian Breweries dipped by N7.35 to close at N139.82, while GTBank dropped N2.36 to close at N21.96 per share.
Conversely, Forte Oil topped the gainers’ chart, gaining N6.78 to close at N231.88 per share.
Presco garnered N2.54 to close at N27.47, while PZ Cussons rose by N1.32 to close at N26.50 per share.
International Breweries went up by 50k to close at N21 and Ashaka Cement appreciated by 11k to close at N21.60 per share.
ETI for the second consecutive day emerged the most traded stock, accounting for 103.03 million shares worth N1.81 billion in 35 deals.
GTBank followed with a turnover of 37.51 million shares valued at N824.64 million in 252 deals, while Zenith Bank sold 36.61 million shares worth N570.55 million in 338 deals.
In all, 393.369 million shares valued at N5.46 billion were traded by investors in 3,930 deals, against the 413.764 million shares worth N5.31 billion traded in 3,764 deals on Tuesday.
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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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