Business
Finbank Tops Market Value Chat
Finbank Plc drove the market volume at the close of business on the floor of the Nigerian Stock Exchange, Friday, as investors bought a total of 53.856 million units of shares, valued at N32.951 million in 140 transactions.
The bank, which lost one kobo closing at 62 kobo per share as against Thursday’s closing of 63 kobo per share, made a remarkable increase in the volume of shares, trading 19.034 million units at N11.954 million in 175 deals.
First Bank Plc followed trading a total of 43.110 million units, valued at N606.636 billion in 978 deals to close at N14.30 kobo per share.
The bank also surged on Thursday, trading a total of 33.021 million units, valued at N477.578 in 921 deals, closing at N14.39 per share.
Also, Zenith Bank Plc investors bought 33.908 units of its shares at the value of N535.079 billion in 230 deals to close at N15.80 kobo.
As if is an all banks affair, Oceanic Bank Plc was 4th on the list, trading a total of 24.895 million units, valued at N64.237. million in 430 transactions to close at N2.45 kobo per share.
Regalins Plc in only five transactions, traded a total volume of 20 million units at N10 million to close at 50 kobo .
Fidelity Bank, Bank PHB and Skye Bank traded a total of 10.528, 10.470 and 10.420 units respectively at N27.371, N20.990 and N58.959 million in 133, 515 and 151 deals.
Market volume drivers chat were dominated by the banking sector in the weekend transaction, showing investors’ interest in banking shares.
Business
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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.”
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