Business
Exchange Volume Sheds 56.4%
Traded Equities Volume and value at the Nigerian Stock Exchange, midweek depreciated by 56.4 and 41.7 per cent, respectively.
Investors on Wednesday traded a total of 106,482,623 shares worth N873.7 million which exchanged hands in 3,297 shares, compared to 244,175,973 shares, valued at N1.5 billion that were traded in 2,884 deals.
The volume of traded shares came down by 137,693,350 shares compared to 244,175,973 shares traded by investors on Tuesday, to close lower at 106,482,623 shares.
Also, share value declined by N629.1 million to closed lower at N873.7 million as against N1.5 billion traded on Tuesday at the exchange.
All-share Index closed at 20,997.88 points while the market capitalisation close at N6.6 trillion.
At the sectoral level, the Banking sub-sector led other sectors when 50,372,012 shares, worth N366.75 million was traded in 1,515 deals.
The sector’s performance was boosted by the activities of Guaranty Trust Bank and Skye Bank which traded a total of 12,669,875 and 10,426,043 shares, respectively, valued at N179.3 million and N39.6 million, respectively in 365 and 110 deals, respectively.
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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