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NSE Market Indices Record 2.27% Growth

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9 years ago

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The market indices of
the Nigerian Stock Exchange (NSE) on Tuesday rebounded by 2.27 per cent as investors reacted positively to the implementation of the new foreign exchange regime.
The Tide  reports that market capitalisation rose by N224 billion to close at N10.11 trillion against N9.88 trillion recorded on Monday.
Also, the All-Share Index which opened at 28,769.90 points appreciated by 652.81 points or 2.27 per cent to close at 29,422.71 points amid huge gains by some blue chips.
An analysis of the price movement showed that Nestle topped the gainers’ table with a profit of N21.12 to close at N816 per share.
Dangote Cement came second with a growth of N5.01 to close at N185, while Guinness appreciated by N4.10 to close at N104 per share.
Lafarge Africa increased by N2.90 to close at N77.90 per share and Total Nigeria advanced by N12.30 to close at N179.30 per share.
Conversely, Transcorp topped the losers’ chart, dropping by 14k to close at N1.43 per share.
Caverton trailed with a loss of 6k to close at N1.40 per share, while HoneyWell Flour Mills shed 6k to close at N1.83 per share.
Unity Bank and NEM Insurance lost 5k each to close at N1.12 and 99k per share, respectively.
In the same vein, the volume of shares traded in the transactions surged by 27.99 per cent with an exchange of 533.32 million shares valued at N6.79 billion achieved in 5,736 deals.
The Tide  reports that this was in contrast with 416.66 million shares worth N2.25 billion traded in 4,684 deals on Monday.
Banks stocks remained the toast of investors with Guaranty Trust Bank emerging the most traded, accounting for 104.95 million shares valued at N2.30 billion.
It was trailed by United Bank for Africa with an exchange of 104.93 million shares worth N513.04 million, while Zenith Bank sold 83.74 million shares valued at N1.39 billion.
FBN Holdings exchanged 75.56 million shares worth N326.77 million and Access Bank traded 48.25 million shares valued at N291.94 million.

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Kenyan Runners Dominate Berlin Marathons

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4 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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4 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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4 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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