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NSE All-Share Index Rises By 1.47%

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14 years ago

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The All-Share Index of the Nigerian Stock Exchange (NSE) appreciated by 1.47 per cent on Wednesday to close at 21, 094.50 due to price gains recorded by some highly capitalised stocks.

Our correspondent reports that the index closed at 20,788.83 on Tuesday.

Similarly, the market capitalisation, which opened at N6.630 trillion, increased by N97 billion or 1.46 per cent to close at N6.727 trillion.

Dangote Cement led the price gainer’s chart with N4 to close at N120 per share.

Nigerian Breweries followed, gaining N1.87 to close at N102.10 per share, while MRS grew by N1.10 to close at N35 per share.

CAP appreciated by N1 to close at N25 per share, while FBN rose by 94k to close at N10.20 per share.

On the other hand, New Gold topped the losers’ chart with a loss of N14 to close at N2,523 per unit.

Glaxo Smithkline trailed with 98k to close at N19 per share, while Presco dropped 49k to close at N10.01 per share.

PZ Cusson depreciated by 42k to close at N22.43 per share, while Ashaka Cement dipped by 28k to close at N8.01 per share.

Our correspondent reports that the banking sub-sector remained the toast of investors, accounting for 265.3 million shares worth N1.9 billion in 1,768 deals.

FCMB drove activities in the sector as investors picked 57.83 million shares worth N278.31 million in 99 deals.

Ecobank Transnational ranked second as 39.88 million shares valued at N457.28 million were exchanged in 85 deals.

In all, investors exchanged 339.61 million shares worth N2.57 billion in 3,696 deals on Wednesday against the 483.24 million shares worth N3.20 billion exchanged in 4,065 deals last Tuesday.

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Test 2

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4 hours ago

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July 21, 2026

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Testing the server

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Pipeline Explosion In Abua Odua, LGA Chair Calls For Calm

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3 weeks ago

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July 3, 2026

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Fresh explosions have hit oil and gas pipelines in Odau Community, in Abua/Odual Local Government Area of Rivers State, triggering a major security and  environmental crisis that has forced residents to abandon their homes.
The first incident occurred  along the Kolo Creek – Rumuekpe crude oil pipelines, operated by Renaissance Africa Energy Company Limited.
This was followed by a gas pipeline explosion on the Ogboinbiri – Obirikom Gas Pipeline, operated by Oando Plc, in the same week.
In a statement by the Abua/Odual Council Chairman, Hon. Owolobi Michael Ofori said  the blasts, suspected to be the handiwork of militants, have unleashed persistent gas leakage in the area, raising fears of fire outbreaks and toxic exposure as residents of Odau have largely deserted the community due to the dangerous situation.
According to him, some residents of the area have been hospitalised after inhaling the leaking gas, adding that the impact has spread to neighbouring communities, including Obedum, Emirikpoko, and Anyu in Abua/Odual LGA, as well as Oruma and Ibelebiri in Bayelsa State.
Hon. Ofori expressed deep concern over the plight of the affected residents and urged the operating companies to act swiftly.
The Council expressed its deepest sympathy to all affected persons and communities and remained gravely concerned about the safety, health, and welfare of residents whose lives and livelihoods have been disrupted by these incidents.
“We call on Renaissance Africa Energy Company Limited and Oando Plc to immediately deploy all necessary technical and emergency response resources to contain the fires, halt the gas leakage, secure the affected pipeline corridors, and mitigate further environmental and public health risks.” the Council Chairman Said.
The chairman also appealed to the two oil firms to provide immediate humanitarian assistance and relief materials to the displaced residents while work continues to restore normalcy.
The Council Chairman said he is working closely with security agencies and emergency responders to monitor the situation and coordinate necessary interventions.
The Council Boss advised Residents of the Local Government Area to remain calm, cooperate with authorities, and adhere strictly to safety directives.
Ofori further called on the National Emergency Management Agency (NEMA), the National Oil Spill Detection and Response Agency (NOSDRA), the Rivers State Government, and other relevant bodies to intervene urgently to prevent  loss of lives and environmental damage.
Hon. Ofori assured that the council remains committed to the protection and welfare of its people and will continue to engage all stakeholders to resolve the crisis.
Enoch Epelle
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Fidelity Bank Collaborates YEIDEP To Empower Nigerian Students

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3 weeks ago

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July 3, 2026

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Fidelity Bank Plc has reaffirmed its commitment to youth empowerment, financial inclusion and entrepreneurship through a strategic partnership with the Youth Economic Intervention and De-radicalization Programme (YEIDEP), a Federal Government-backed initiative aimed at equipping young Nigerians with the skills, support and opportunities needed to build sustainable livelihoods.
Under the partnership, the bank will support the enrolment of students and young people into the YEIDEP programme, which is designed to tackle youth unemployment, promote enterprise development and expand economic participation among Nigeria’s growing youth population.
The next phase of the initiative is scheduled to end today at Nnamdi Azikiwe University, Awka, where the enrolment exercise for students and youths across the South-East that started since July 1st would be concluded at the university’s Convocation Arena.
The exercise is expected to reach more than 60,000 regular undergraduate students.
Speaking on the partnership, Fidelity Bank’s Divisional Head, Product Development, Osita Ede, said youth empowerment remains central to the bank’s vision of building a more inclusive and prosperous society.
He noted that Nigeria’s youths represent the country’s greatest asset and stressed that providing them with the right skills, opportunities and financial support is critical to unlocking their potential and driving national development.
According to Ede, the bank continues to provide young Nigerians with tools for success through its digital banking platforms, financial literacy initiatives, youth-focused products and strategic partnerships.
He added that Fidelity Bank recognises that limited access to funding, mentorship and business development support remains a major challenge for many aspiring entrepreneurs, and is committed to creating pathways that will help them overcome these barriers.
The bank said its support for YEIDEP aligns with its longstanding commitment to empowering Micro, Small and Medium Enterprises (MSMEs), which it described as key drivers of economic growth and job creation in Nigeria.
Interested students and youths have been encouraged to open Fidelity Bank accounts and register for the programme through the bank’s dedicated online portal.
Nkpemenyie Mcdominic, Lagos
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