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Capital Market Indices Appreciate By 0.89%

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11 years ago

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Trading on the Nigerian Stock Exchange (NSE) rebounded on Monday as the market indices appreciated by 0.89 per cent due to price gains.
The Tide source reported that the market capitalisation appreciated by N87 billion to close at N9.845 trillion as against the N9.758 trillion posted on Friday.
Also, the All-Share Index, which opened at 29,243.91, rose by 261.56 basis points or 0.89 per cent to close at 29,505.47.
A breakdown of the price movement chart indicated that Forte Oil led the gainers’ table by N6.93 to close at N196.96 per share.
Lafarge Africa followed by N3.60 to close at N84.00, while Guinness appreciated by N3 to close N129 per share.
Stanbic IBTC gained N1.14 to close at N27.14, while International Breweries increased by 80k to close at N18 per share.
On the other hand, Nestle topped the losers’ chart by N9.50 to close at N820.
It was trailed by CAP with a loss of N2.29 to close at N34, while Cadbury depreciated by N2.05 to close at N38.23 per share.
UAC lost N1.80 to close at N34.20, while Flour Mills Nigeria dropped 67k to close at N32 per share.
Mansard Insurance drove the turnover volume, accounting for 303.74 million shares worth N926.334 million in 76 deals.
FBN Holdings came second with 60.53 million shares valued N476.45 million traded in 476 deals, while Union Bank sold 57.05 million shares worth N536.08 million traded in 47 deals.
Zenith Bank traded 35.29 million shares valued N587.31 million transacted in 369 deals and Ecobank Transnational traded 29.29 million shares worth N521.89 million in 77 deals.
In all, investors bought and sold 611.72 million shares valued N5.62 billion traded in 3,271 deals, indicating an increase of 270.56 per cent.
This was against a total of 165.08 million shares worth N2.09 billion transacted in 3,211 deals on Friday.

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Kenyan Runners Dominate Berlin Marathons

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3 days ago

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September 22, 2025

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Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.

Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.

The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.

Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.

“I did my best and I am happy for this performance,” said Sawe.

“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”

Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.

In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.

Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.

Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.

 

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NIS Ends Decentralised Passport Production After 62 Years

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3 days ago

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September 22, 2025

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The Nigeria Immigration Service (NIS) has officially ended passport production at multiple centres, transitioning to a single, centralised system for the first time in 62 years.
Minister of Interior, Dr Olubunmi Tunji-Ojo, made the disclosure during an inspection of the Nigeria’s new Centralised Passport Personalisation Centre at the NIS Headquarters in Abuja, last Thursday.
He stated that since the establishment of NIS in 1963, Nigeria had never operated a central passport production centre, until now, marking a major reform milestone.
“The project is 100 per cent ready. Nigeria can now be more productive and efficient in delivering passport services,” Tunji-Ojo said.
He explained that old machines could only produce 250 to 300 passports daily, but the new system had a capacity of 4,500 to 5,000 passports every day.
“With this, NIS can now meet daily demands within just four to five hours of operation,” he added, describing it as a game-changer for passport processing in Nigeria.
“We promised two-week delivery, and we’re now pushing for one week.
“Automation and optimisation are crucial for keeping this promise to Nigerians,” the minister said.
He noted that centralisation, in line with global standards, would improve uniformity and enhance the overall integrity of Nigerian travel documents worldwide.
Tunji-Ojo described the development as a step toward bringing services closer to Nigerians while driving a culture of efficiency and total passport system reform.
According to him, the centralised production system aligns with President Bola Tinubu’s reform agenda, boosting NIS capacity and changing the narrative for improved service delivery.
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FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year 

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3 days ago

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September 22, 2025

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The National Information Technology Development Agency (NITDA) has announced plans to roll out Digital Public Infrastructure (DPI) and the Nigerian Data Exchange (NGDX) platforms across key sectors of the economy, starting in early 2026.
Director of E-Government and Digital Economy at NITDA, Dr. Salisu Kaka, made the disclosure in Abuja during a stakeholder review session of the DPI and NGDX drafts at the Digital Public Infrastructure Live Event.
The forum, themed “Advancing Nigeria’s Digital Public Infrastructure through Standards, Data Exchange and e-Government Transformation,” brought together regulators, state governments, and private sector stakeholders to harmonise inputs for building inclusive, secure, and interoperable systems for governance and service delivery.
According to Kaka, Nigeria already has several foundational elements in place, including national identity systems and digital payment platforms.
What remains is the establishment of the data exchange framework, which he said would be finalised by the end of 2025.
“Before the end of this year and by next year we will be fully ready with the foundational element, and we start dropping the use cases across sectors,” Kaka explained.
He stressed that the federal government recognises the autonomy of states urging them to align with national standards.
“If the states can model and reflect what happens at the national level, then we can have a 360-degree view of the whole data exchange across the country and drive all-of-government processes,” he added.
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