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NSE Indices Tilt Southwards

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The Nigerian Capital Market in the month of September 2009 finished on the downside as all the indicators tilted dowards.

Specifically the market value of 294 listed securities closed at N7.81 trillion from N7.92 trillion recorded in August representing a drop of 1.43 per cent.

Also, the Nigerian Stock Exchange all share index for the review month was down by 944.10 points or 4.1 per cent drop to close at 22,065.00 basis points as against its opening index of 23.009.10 basis points.

The NSE-30 index closed at 835.68 points indicating 1.6 per cent loss, the NSE  Food/Beverages Index eased 7.7 per cent to close at 451.46 points. the NSE Banking Index shed 3.4 per cent to close to 358.24 points while the insurance index fell by 0.1 per cent to close at 312.16 points.

The Oil/Gas Index equally joined the pack of drifters declining by 9.5 per cent to close at 287.67 points. The liquidity squeeze in the market also affected the market turnover as the volume and value of transactions dropped by 8.7 per cent and 4.0 per cent respectively.

In all, investors during the period exchanged N66.01 billion for 9.05 billion shares in 123,106 transactions compared to a total of 9.91 billion shares valued at N66.01 billion wrapped up in 123,106 deals in August.

The banking subsector during the period led the activity chart measured by turnover volume trading N5.72 billion shares valued at N47.05 billion in 65,914 deals.

The Insurance subsector followed with 1.25 billion shares worth  N1.14 billion exchanged in 9,562 deals.

The Food / Beverage and Tobacco Subsector accounted for 339.43 millions shares valued at N4 billion, traded in 9,069 deals.

A further breakdown of activities in the banking subsector showed that Access Bank Plc was the most active stock with 997.33 million shares.

It was followed by Zenith Bank Plc with 937.73 million shares, while Guaranty Trust Bank Plc placed third with 507.8 million shares.

The three banks accounted for 2.44 billion shares or 27 per cent of total-traded stocks in the subsector.

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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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