Business
Stock Market’s Appreciation Persists
The Nigerian Stock Exchange (NSE) in the 2nd week after the break continued to sustain the appreciation as equities remained bullish.
Specifically, market yesterday closed at 22,057.64 with a total volume of 406,237,865 units traded as against the 21,658.69 basis points of 307,437.865 volume for Monday.
Market capitalisation of listed equities also showed an improvement at N5.28 trillion. The value of the total number of shares traded yesterday was N2.1 billion lower at 6,743 deals.
The gainers chart was led by Nestle which traded a total volume of 113,987 units, valued at N30.1 million in 42 deals. Flourmill followed with 475,674 units, valued at N19.6 million in 66 deals, as Conoil, Julius Berger, GlaxoSmithKline, UAC-Prop, Guaranty and Dangote Flour followed.
However, Ashakacem led the losers chart, trading only a total of 549.914 units valued at N7.3 million at 59 deals. INCAR traded 90,440 units for N276,746.40 at three deals.
Others are; Dangote Sugar, International Breweries, Access Bank Plc, Unity Kapital and Fidson.
For the top 10 by volume yesterday were Aso Savings, Cap Hotel, Fidelity bank among others.
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.”
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