Business
NSE Market Indices Record Further Appreciation
Market indicators at the Nigerian Stock Exchange (NSE) last Friday recorded further appreciation, improving by 0.35 per cent as a result of price rally sustained by major companies.
The Tide source reports that the All-Share Index rose by 101.89 points or 0.35 to close at 29,383.93 against 29,282.04 posted on Thursday.
The market capitalisation, which opened at N9.770 trillion, gained N34 billion or 0.35 per cent to close at N9.804 trillion due to price gains by some blue chip equities.
An analysis of the price movement chart indicated that Seplat topped the gainers’ chart, gaining N8.73 to close at N445.53 per share.
Presco garnered N2.98 to close at N32.38, while Ashaka Cement rose by N1.76 to close at N18.98 per share.
Okomu Oil increased by N1.69 to close at N35.58, while Flour Mill improved by N1.48 to close at N31.48 per share.
Conversely, Cadbury led the losers’ chart with a loss of N4.18 to close at N38.8 per share.
It was followed by Forte Oil with a loss of N1.6 to close at N220.4 per share, while Unilever depreciated by N1.44 to close at N32.56 per share.
Dangote Cement lost N1 to close at N152.2, while Champion depreciated by 35k to close at N5 per share.
UBA emerged the most traded equity, accounting for 47.21 million shares worth N153.04 million.
FBN Holdings trailed, recording a turnover of 38.53 million shares valued N282.49 million, while Access Bank sold 34.12 million shares worth N191.95 million.
GTBank exchange 22.55 million shares valued N461.59 and investors in UACN staked N613.56 million on 18.05 million shares.
In all, a total of 277.75 million shares worth N6.57 billion were traded by investors in 3,714 deals against the 564.28 million shares valued at N6.08 billion traded in 4,385 deals on Thursday.
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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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