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NSE Market Capitalisation Hits N13trn Mark

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8 years ago

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The Nigerian Stock Exchange (NSE) market capitalisation has hit the N13 trillion mark, barely three weeks it crossed N12 trillion market, amid Nestle gain.
The Tide source reports that the market capitalisation appreciated by N164 billion or 1.27 per cent to close at N13.097 trillion against N12.933 trillion achieved on Monday.
Similarly, the All-Share Index improved by 474.12 points or 1.26 per cent to close at 37,999.50 compared with 37,525.38 points posted on Monday.
Our source reports that Nestle topped the gainers’ table with a gain of N94.93 to close at N1,154. 93, following investors reactions to its half year earnings released recently in the market.
Nigerian Breweries followed with a gain of N9.05 to close at N190.05 and Guinness gained N7.38 to close at N79.38 per share.
7UP increased by N3.30 to close at N98, while Okomu Oil Palm appreciated by N2.72 to close at N72.72 per share.
On the other hand, Presco posted the highest loss to lead the losers’ chart, dropping by N3.73 to close at N70.78 per share.
Conoil trailed with a loss of N1.82 to close N34.58 and Total was down by N1.50 to close at N260 per share.
Dangote Cement dipped 79k to close at N240, while Zenith International Bank declined by 60k to close at N24.50 per share.
However, the volume of shares traded closed lower as investors bought and sold 218.22 million shares valued at N5.07 billion exchanged in 5,336 deals.
This was in contrast with a turnover of 254.49 million shares worth N5.79 billion transacted in 4,600 deals on Monday.
FCMB Group recorded the highest volume of shares, exchanging 20.21 million shares valued at N24.34 million.
Zenith Bank came second with 16.91 million shares worth N416.55 million, while Sterling Bank sold 15.68 million shares valued at N15.69 million.
Guaranty Trust Bank traded 14.26 million shares worth N571.83 million and United Bank for Africa exchanged 14.17 million shares valued at N136.04 million.

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Kenyan Runners Dominate Berlin Marathons

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20 hours 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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21 hours 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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21 hours 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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