Business
Major Shares Record Price Losses At NSE
Trading activities at the Nigerian Stock Exchange (NSE) closed on Monday on a negative note as major shares recorded price losses.
The price losses impacted negatively on the two market indicators which dipped by 0.1 per cent respectively.
The All-Share Index lost 16.15 points to close at 20,824.82 points against 20,840.97 points posted on January 13.
The market capitalisation, which opened at N6.567 trillion, dropped by N5 billion to close at N6.562 trillion.
Nigerian Breweries Plc led the losers’ chart, shedding N2.04 to close at N94.06 per share.
The share price of Flour Mills fell by N2 to close at N62, while PZ Cussons lost N1.10 to close at N28 per share.
Red Star lost 12k to close at N2.46 while Ecobank Transnational Incorporated (ETI) share price declined by 5k to close at N10.45.
On the other hand, UAC Property led the gainers’ table with 60k to close at N12.60 per share.
First Bank of Nigeria (FBN) garnered 23k to close at N8.80 while Cement Company of Northern Nigeria (CCNN) rose by 17k to close at N5 per share.
Skye Bank share price appreciated by 11k to close at N3.99, while NAHCO increased by 10k to close at N5.40.
The banking sub-sector attracted the highest investors’ attention with 13.1 million shares worth N79.8 million and traded in 124 deals.
Skye Bank was the most active stock in the banking sub-sector, accounting for 6.1million shares worth N24.4 million in 12 deals.
First Bank accounted for 5.5 million shares valued at N48.8 million exchanged in 67 deals.
The foreign listings sub-sector came second with a total of 8.9 million shares worth N91.8 million traded in 10 deals.
In all, investors staked N288.1 million on 33.1 million shares traded in 243 deals against 121.6 million worth N387.7 million exchanged in 169 deals on Friday.
Business
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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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