Business
NSE Boss To Appraise Market Performance, January …As Trading Resumes Today
The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr Oscar Onyema, will on January 16, 2018 make a presentation on the floor of the exchange.
According to a release, made available to The Tide, Monday the CEO’s presentation would appraise the 2017 market performance at the floor of the NSE.
Onyema would also give a prognosis for the market in 2018 to prepare the minds of investors of the possible expectations of the 2018 market.
According to the release, the two faced presentation, “2017 market recap/2018 outlook”, would also afford the CEO the opportunity to intimate capital market stakeholders with the plans to re-position the Nigerian market for better performance in 2018.
The presentation is expected to take place at the 20th floor, NSE Event Centre by 10 am.
Meanwhile, the exchange will resume operations today at the floor of the house after two days public holidays that affected the market.
The Federal Government declared Monday 25th and Tuesday 26th December 2017 as public holidays to mark the Christmas and Boxing Day celebrations.
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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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