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‘Share Reconstruction’ll Boost Share Value’

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Operators at the nation’s stock market have stated that share reconstruction in the insurance sector would boost the sectors share value and make it the most captialised sector in the Nigerian capital market.

According to the Managing Director/CEO of Alangrange Securities Limited, Mr. Samson Amedu, share reconstruction should be looked at beyond share price, as this would enable the company to have a sizable but manageable share structure.

Speaking on the benefits of share reconstruction, Amedu said that the company would be able to give impressive returns in terms of dividend and bonuses to its shareholders, adding that a company with a bloated share structure would be able to give bonus and impressive dividends when compared to a company with a small share outstanding, which would be able to give returns in an attractive ration.

The Managing Director of Dakal Services Limited, Mr. Gerald Ibe, said that share reconstruction for over-bloated share structures would give value to the company. “With the present situation of the capital market, companies are now buying back their shares to give value to the share price. A company with a large share structure won’t be able to attract good pricing”, he said.

He added, “In the case of dumping of shares by investors, it is a company with a large structure that suffers, as this will enable investors to continue to dump the shares on the floor of Nigerian Stock Exchange (NSE), but with a small share structure investors cannot do so.”

By way of illustration, Ibe said, “Prestige Insurance, which has a share structure of about three billion units was minimally affected by the meltdown, although, it was one of the few insurance stocks that resisted falling below N1.00 because 70 per cent of the shares are held by a few people, who are not ready to sell. Also, the company, over the years, has been giving bonuses consistently unlike some others with an already over-bloated share structure.”

He urged the insurance companies to reconstruct their shares, pointing out that they acquired over-bloated share restructures during their recapitalisation exercise. He added that a number of banks had reconstructed when their shares were out of range.

The national chairman of the Progressive Shareholders Association, Mr. Boniface Okezie, expressed dismay at share reconstruction, saying it has not been helpful to investors.

He noted that in most cases, organisations would tell investors that a share price would move up after the exercise but at the end of the day, their prices would be worse for it.

He added that the price of a company stock can withstand reconstruction if the organisation performs well by giving good bonuses and dividends, stressing that some of the banks that had embarked on the exercise caused investors to lose so much money, a lot of money have been lost in the short term by investors.

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Kenyan Runners Dominate Berlin Marathons

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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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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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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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