Business
NSE Trades On N4.04bn Shares
A total of 266.505 million shares valued at N4.04 billion were traded in 2,263 deals on the Nigerian Stock Exchange (NSE) yesterday.
These were against the 239.906 million shares worth N2.93 billion traded in 4,371 deals on Wednesday.
The reports says that market capitalisation depreciated by N43 billion or 0.35 per cent to close at N12.24 trillion from N12.28 trillion recorded on Wednesday.
The All-Share Index which opened at 35,629.13 lost 124.51 basis points to close at 35,504.62.
Nigerian Breweries led the losers’ chart with a loss of N4.97 to close at N180.03 per share.
Stanbic IBTC followed, depreciating by N1.73 to close at N38.27, while Jberger dropped N1.71 to close at N32.49 per share.
Cadbury dipped by 6k to close at N11.47, while SCOA depreciated by 17k to close at N3.25 per share.
Conversely, Seplat topped the gainers’ table with N8.5 to close at N490.5 per share.
It was trailed by Total Oil, which gained N2 to close at N245 per share.
Guinness gained 5k to close at N75.5, while Dangote Cement appreciated by 48k to close at N205 and PZ Cussons rose by 41k to close at N27.3 per share.
Sovrenins was the toast of investors, trading 100.01 million shares worth N50 million.
FBNH came second, trading 26.43 million shares worth N150.50 million, while Access Bank sold 23.14 million shares valued at N223.46 million.
UBA traded 20.55 million shares worth N187.28 million, while Zenith Bank sold 10.30 million valued at N235.68 million.
Business
FEC Approves Concession Of Port Harcourt lnt’l Airport
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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