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NSE Market Capitalisation Improves By N198bn

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7 years ago

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The market capitalisation of the Nigerian Stock Exchange (NSE) last Friday, inched N198 billion, due to gains by some blue chips, after dropping for three consecutive trading days.
Reports say that the market capitalisation improved by N198 billion or 1.45 per cent to close higher at N13.866 trillion, against N13.668 trillion on Thursday.
The All-Share Index, another crucial market indicator, rose by 545.11 points or 1.44 points to close at 38,278.55, compared to 37,733.44 achieved on Thursday.
Nestle topped the gainers’ chart with N73.90 to close at N1, 575 per share.
Total followed with N9.50 to close at N210 while Dangote Cement Industry garnered N4 to close at N229 per share.
Nigerian Breweries grew by N3.20 to close at N114.20, while Okomu Oil Palm appreciated by N2 to close at N92 per share.
On the other hand, Forte Oil led the losers’ chart, dropping by N1.20 to close at N32.85 per share.
Lafarge Africa followed with a loss of N1.05 to close at N40.95, while Flour Mills was down by 20k to close at N32 per share.
Honey well shed 12k to close at N2.29, while FCMB Group declined by 11k to close at N2.18 per share.
Also, the volume and of shares transacted rose by 13.11 per cent and 29.66 per cent, respectively.
Specifically, investors traded 469.34 million shares valued at N5.82 billion in 3,355 deals.
This was against the 414.93 million shares worth N4.45 billion achieved in 3,354 deals on Thursday.
Wema Bank was the most active stock, trading 171.32 million shares, worth N119.95 million.
GT Bank followed with account of 75.08 million shares cost at N3.01 billion, while Multiverse traded 71.37 million shares valued at N14.27 million.
Zenith International Bank exchanged 50.45 million shares worth N1.26 billion, while Fidelity Bank sold 20.86 million shares, valued at N47.34 million.

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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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