Business
Exchange Volume Doubles Midweek
At the end of trading on the floor of the Nigerian Stock Exchange (NSE) Wednesday, the total volume of traded equities doubled to end midweek transactions.
Investors traded 420,109,555 shares compared with 215,882,121 shares traded on Tuesday, rising by 48.6 percent or 204,227,434 shares.
However, the value of traded shares depreciated by N30.7 million or 1.5 percent closing at N2.04 billion as against N2.07 billion traded by investors on Tuesday at the Exchange.
Investors traded a total of 420,109,555 shares, worth N2.04 billion in 3,319 deals compared to 215,882,121 shares, valued at N2.07 billion, which exchanged hands in 3,683 deals.
Banking sub-sector shares also did well as investors traded a total of 201,195,411 shares, worth N1.2 billion, traded in 3,3,19 deals, valued at N716.3 million, traded in 1,805 deals.
The sector performance was largely driven by the activities of Fidelity and Zenith Banks which traded 55,302,188 and 46,584,332 shares, traded 55,302,188 and 46,584,332 shares worth N73.5 and N559.1 millions, which exchanged hands in 66 and 254 deals, respectively.
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FG Fixes Uniform Prices for Housing Units Nationwide, Approves N12.5m For 3-bedroom Bungalow ……..Says Move To Enhance Affordability, Ensures Fairness
“The approved selling prices are as follows: One-bedroom semi-detached bungalow, N8.5 million; two-bedroom semi-detached bungalow: N11.5 million and three-bedroom semi-detached bungalow, N12.5 million,” the statement added.
Minister of Housing and Urban Development, Ahmed Dangiwa, stated that priority in the allocation of the housing units would be given to low and middle-income earners, civil servants at all levels of government, employees in the organised private sector with verifiable sources of income, and Nigerians in the Diaspora who wish to own homes in the country.
The Permanent Secretary in the ministry, Dr. Shuaib Belgore, explained that several payment options have been provided to make the houses affordable and flexible. These include outright (full) payment, mortgage, rent-to-own scheme, and installment payment plans.
The ministry further announced that the sale of the completed housing units across the northern and southern regions will soon commence.
“Applications can be made through the Renewed Hope Housing online portal at www.renewedhopehomes.fmhud.
The ministry, however, clarified that the approved prices apply strictly to the Renewed Hope Housing Estates which are funded through the ministry’s budgetary allocation, as against the Renewed Hope Cities in Karsana Abuja, Janguza Kano, Ibeju Lekki, Lagos which are being funded through a Public Private Partnership (PPP).
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