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Capital Market Indices Up By 3.11%

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10 years ago

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Rivers State Chairman, NURTW, Comrade Ominiaye Bagha Kalango (right), chatting with the Secretary, Chuks Boms, at the inauguration of the branch executives of the union in Port Harcourt recently.

Rivers State Chairman, NURTW, Comrade Ominiaye Bagha Kalango (right), chatting with the Secretary, Chuks Boms, at the inauguration of the branch executives of the union in Port Harcourt recently.

Capital market indices of the Nigerian Stock Exchange (NSE) closed for the year on a positive trend on Thursday appreciating by 3.11 per cent due to price growth by major blue chip companies.
The Tide source reports that the All-Share Index increased by 864.42 points or 3.11 per cent to close at 28,642.25 from the 27,777.83 posted on Wednesday.
Similarly, the market capitalisation, which opened at N9.553 trillion rose by N297 billion or 3.11 per cent to close at N9.850 trillion.
Nestle for the second consecutive day led the gainers’ table by N35 to close at N860 per share.
Forte Oil grew by N15 to close at N330, while Nigerian Breweries garnered N12 to close at N136 per share.
Dangote Cement improved by N5.05 to close at N170, while Mobil Oil chalked up N5 to close at N160 per share.
Conversely, Julius Berger topped the losers’ table by N1 to close at N42 per share.
It was followed by Cadbury with a loss of 90k to close at N17.75, while Cutix dropped 5k to close at N1.66 per share.
Skye Bank lost 4k to close at N1.58, while Fidson dipped by 3k to close at N2.50 per share.
Reports  also say that the volume of shares traded closed higher with an exchange of 252.16 million shares valued N3.85 billion traded by investors’ in 2,160 deals.
This is against 1.41 billion shares worth N1.95 billion exchanged in 2,559 deals on Wednesday.
FBN Holdings was the toast of investors, exchanging 141.19 million shares worth N715.11 million traded in 313 deals.
Courteville Business Solutions followed with 32.58 million shares valued N16.29 million achieved in one deal.
GT Bank traded 13.07 million shares worth N236.68 million traded in 230 deals.
Fidelity Bank sold 7.39 million shares valued N10.81 million transacted in 74 deals, while Transcorp exchanged 7.21 million shares worth N10.91 million traded in 64 deals.

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Kenyan Runners Dominate Berlin Marathons

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20 hours ago

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September 22, 2025

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Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.

Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.

The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.

Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.

“I did my best and I am happy for this performance,” said Sawe.

“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”

Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.

In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.

Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.

Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.

 

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NIS Ends Decentralised Passport Production After 62 Years

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20 hours ago

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September 22, 2025

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The Nigeria Immigration Service (NIS) has officially ended passport production at multiple centres, transitioning to a single, centralised system for the first time in 62 years.
Minister of Interior, Dr Olubunmi Tunji-Ojo, made the disclosure during an inspection of the Nigeria’s new Centralised Passport Personalisation Centre at the NIS Headquarters in Abuja, last Thursday.
He stated that since the establishment of NIS in 1963, Nigeria had never operated a central passport production centre, until now, marking a major reform milestone.
“The project is 100 per cent ready. Nigeria can now be more productive and efficient in delivering passport services,” Tunji-Ojo said.
He explained that old machines could only produce 250 to 300 passports daily, but the new system had a capacity of 4,500 to 5,000 passports every day.
“With this, NIS can now meet daily demands within just four to five hours of operation,” he added, describing it as a game-changer for passport processing in Nigeria.
“We promised two-week delivery, and we’re now pushing for one week.
“Automation and optimisation are crucial for keeping this promise to Nigerians,” the minister said.
He noted that centralisation, in line with global standards, would improve uniformity and enhance the overall integrity of Nigerian travel documents worldwide.
Tunji-Ojo described the development as a step toward bringing services closer to Nigerians while driving a culture of efficiency and total passport system reform.
According to him, the centralised production system aligns with President Bola Tinubu’s reform agenda, boosting NIS capacity and changing the narrative for improved service delivery.
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FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year 

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20 hours ago

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September 22, 2025

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The National Information Technology Development Agency (NITDA) has announced plans to roll out Digital Public Infrastructure (DPI) and the Nigerian Data Exchange (NGDX) platforms across key sectors of the economy, starting in early 2026.
Director of E-Government and Digital Economy at NITDA, Dr. Salisu Kaka, made the disclosure in Abuja during a stakeholder review session of the DPI and NGDX drafts at the Digital Public Infrastructure Live Event.
The forum, themed “Advancing Nigeria’s Digital Public Infrastructure through Standards, Data Exchange and e-Government Transformation,” brought together regulators, state governments, and private sector stakeholders to harmonise inputs for building inclusive, secure, and interoperable systems for governance and service delivery.
According to Kaka, Nigeria already has several foundational elements in place, including national identity systems and digital payment platforms.
What remains is the establishment of the data exchange framework, which he said would be finalised by the end of 2025.
“Before the end of this year and by next year we will be fully ready with the foundational element, and we start dropping the use cases across sectors,” Kaka explained.
He stressed that the federal government recognises the autonomy of states urging them to align with national standards.
“If the states can model and reflect what happens at the national level, then we can have a 360-degree view of the whole data exchange across the country and drive all-of-government processes,” he added.
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