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Nigerian Equity Market Dips Further By 0.59%

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9 years ago

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Activities on the Nigerian
Stock Exchange (NSE) on Thursday for the second consecutive day, maintained a negative posture with the market indicators dropping further by 0.59 per cent amid losses by blue chips.
The Tide source reports that Nigerian Breweries topped the losers’ chart, dropping by N6.68 to close at N115.32 per share.
Lafarge came second with a loss of N1.50 to close at N71.50, while Dangote Cement dropped N1 to close at N168 per share.
Cadbury declined by 82k to close at N15.68, while Union Dicon shed 59k to close at N11.21 per share.
Consequently, the All-Share Index lost 151.63 points or 0.59 per cent to close at 25,563.79 compared with 25,715.42 achieved on Wednesday.
Also, the market capitalisation which opened trading at N8.845 trillion decreased by N52 billion or 0.59 per cent to close at N8.793 trillion.
Nestle Nigeria led the gainers’ table growing by N10 to close at N690 per share.
Forte Oil followed with a gain of N9.48 to close at N199.48 and Total garnered 97k to close at N157 per share.
Conoil appreciated by 82k to close at N17.27, while Guinness increased by 54k to close at N94 per share.
The volume of shares traded closed lower as investors bought and sold 178.87 million shares worth N1.48 billion exchanged in 3,786 deals.
This was in contrast with a total of 330.57 million shares valued at N2.26 billion traded in 4,053 deals on Wednesday.
FBN Holdings remained the toast of investors with 27.84 million shares worth N98.74 million.
It was trailed by UBA with an exchange of 26.50 million shares valued at N92.39 million, while Zenith Bank sold 15.96 million shares worth N207.61 million.
Fidelity Bank traded 13.88 million shares valued at N15.22 million and Livestock Feeds accounted for 10.26 million shares worth N8.34 million.

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Kenyan Runners Dominate Berlin Marathons

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5 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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5 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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5 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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