Business
Equities Market Advances By N37bn
The Nigerian Stock Exchange (NSE) market capitalisation last Friday improved further by N37 billion following price growth in some blue chips.
Specifically, the market capitalisation which opened at N13.313 trillion rose by 0.28 per cent to close at N13.350 trillion.
Also, the NSE All-Share Index appreciated by 70.98 points or 0.28 per cent to close at 25,591.95, against 25,520.97 on Thursday.
Stanbic IBTC recorded the highest gain to lead the gainers’ chart, growing by N1.50 to close at N40 per share.
Lafarge Africa came second with 60k to close at N12.80, while Flour Mills added 35k to close at N29.50 per share.
Zenith Bank garnered 25k to close at N17.20, while Guaranty Trust Bank inched higher by 25k to close at N25 per share.
On the other hand, CAP topped the losers’ chart with a loss of N1.70 to close at N15.75 per share.
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.”
Business
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