Business
Confidence Returns To NSE
Investors in stock and capital market have fully returned to business as transaction in the Nigerian Stock Exchange Stabilises.
Speaking in an interview with The Tide in Port Harcourt, a top investor, who preferred anonymity said investors have regained their confidence in the market and have succeeded in ploughing back the withdrawn fund into stock.
According to the investor, most companies that were observing the fluctuating stock market are all back to business and are making profits.”
He noted that those that are yet to commence investment are few and may have changed their minds during the economic heat.
In a related development, another investor, Gospel Aniete, reiterated that companies and individuals are breaking even in stock market.
Narrating the benefits of investing in shares, he said investors received dividend on yearly basis and can also sell off their shares, as well as use their certificates to secure bank loans.
He added that share holding is the most quiet way of making money, as the value of shares increases with the rising share prices and bonus issues.
Aniete called on the business minded public to note the importance of investing in shares and also warned against dealing with unregistered stock brokers.
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
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