Business
NSE’s Market Indices Dip By 0.65%
Trading on the
Nigerian Stock Exchange (NSE) last Monday declined due to price losses by some blue chips.
Reports say that the All- Share Index depreciated by 236.19 points or 0.65 per cent to close at 35,861.87 against the 36,098.06 recorded on Friday.
Similarly, market capitalisation, which opened at N11.49 trillion, declined by N75 billion or 0.65 per cent to close at N11.41 trillion.
Nigerian Breweries led the price losers’ chart by N3 to close at N159 per share.
OkomuOil and Unilever came second with N1.89 each to close at N45.53 and N58.11 per share, respectively.
GTBank lost 89k to close at N24.01 per share, while Dangote Cement depreciated by 85k to close at N189.15 per share.
On the other hand, Nestle topped the price gainers’ chart by N1.74 to close at N940 per share.
Guinness followed by N1.50 to close at N250 per share while Jos International Breweries grew by 75k to close at N8.27 per share.
UAC-Properties appreciated by 73k to close at 73k per share while UACN share price rose by 49k to close at N55 per share.
Diamond Bank emerged the most traded stock, accounting for 59.60 million shares worth N370.66 million.
Transcorp ranked second position by 16.08 million shares valued at N22.19 million while Access Bank sold 14.86 million shares worth N155.34 million.
In all, investors exchanged 196.57 million shares worth N2.1 billion in 4,027 deals.
This was in contrast to the 186.11 million shares valued at N2.2 billion exchanged in 3,710 deals on Friday.
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.”
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