Business
NSE: Index, Capitalisation Rise Slightly As Value Crashes
Transactions on the floor of Nigerian Stock Exchange Thursday seemed to be affected by the forth coming Easter public holidays as some market indicators crashed marginally.
Specifically, market closed slightly higher at 25,966.25 points compeard to 25,836.29 points of Wednesday’s trading.
Market capitalisation also closed higher at N6.28 trillion from N6.25 trillion, adding N31,44 billion or 0.48 percent to the previous day transaction.
The volume of traded equities crashed by 382,656,672 shares or 48.34 percent when investors bought a total of 408,781,638 shares worth N2.75 billion in 10,252 deals in contrast to 791,438,310 shares worth N7.55 billion in 12,183 deals on Wednesday.
Also the volue of traded equities crashed by N4.79 billion or 63.58 percent, signifying investor’s early withdrawal from NSE in preparation for the holidays.
The gainers chart was led by Flowmill, Julius Berger and NNFM who opened and closed N61.06/N64, N34.73/ N36.44 and N30.79/ N32.32 respectively.
Losers chart however was led by PZ, Cadbury and Nahco which opened and closed N31.35/N30.42, N18.77/ N18.2 and N11.52/N11.03 respectively.
The sectoral total was N408,781,638 shares worth N2.75 billion in 10,252 deals.
The banking sub-sector was the toast of investors as 124,370,966 shares worth N1.17 billion exchanged hands in 3,462 deals.
Banking sector’s trading was boosted by investors’ interest in the shares of Access, Fidelity and UBA.
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
PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
-
Oil & Energy2 days agoEconomic Prosperity: OPEC Sues For Increase In Local Crude Oil Refining
-
Rivers2 days agoRenaissance Energy Spends $3m To Upgrade GTC
-
News2 days agoNDLEA Arrests Saudi-Bound Wanted Drug Kingpin, Storms Lagos Colos Lab
-
Maritime2 days agoNSC Facilitate Release Of 90 Imported Containers From Maritime Police
-
Niger Delta2 days agoBayelsa Recommits To Building World-Class Med Varsity …As VC Marks Anniversary
-
Rivers2 days agoPIND, Partners Hold Data-Driven Resilience Planning For N’Delta
-
Oil & Energy2 days agoAEDC Confirms Workforce Shake-up …..Says It’ll Ensure Better Service Delivery
-
Rivers2 days agoIkwerre Council Boss Bans Scavenger Operations
