Business
NSE Index Drops By 0.40%
Trading activities dropped on the Nigerian Stock Exchange (NSE) last Wednesday, after two consecutive days of growth, with the All-Share Index reducing 0.40 per cent.
The index closed lower at 39,031.72 against 39,187.04 recorded on Tuesday, indicating a loss of 155.32 points or 0.40 per cent.
Also, market capitalisation which opened at N14.188 trillion shed N49 billion to close at N14.139 trillion.
Nigerian Breweries recorded the highest loss during the day, dropping by N2.10 kobo to close at N115 per share.
Dangote Sugar trailed with a loss of 50k to close at N19, while Zenith International Bank depreciated by 45k to close at N26.75 per share.
FBN Holdings was down by 30k to close at N10.90, while United Bank for Africa declined by 15k to close at N10.95 per share.
Conversely, Cement Company of Northern Nigeria led the gainers’ table, appreciating by N1 to close at N75.50 per share.
Flour Mills followed with a gain of 35k to close at N32.65, while UAC Property increased by 10k to close at N2.11 per share.
Union Bank of Nigeria rose 10k to close at N6.20, while Learn Africa grew by 7k to close at N1.51 per share.
A breakdown of the activity chart indicates that United Bank for Africa was the most active stock, exchanging 90.62 million shares worth N998.23 million.
United Capital trailed with an account of 78.69 million shares valued at N258.35 million, while Africa Prudential Registrar traded 72.10 million shares cost N312.59 million.
Access Bank sold 26.28 million shares valued at N282.27 million, while Africa Insurance Company recorded a turnover of 23.30 million shares worth N4.66 million.
In all, investors bought and sold 456.49 million shares valued at N4.13 billion achieved in 3,517 deals.
This was against a turnover of 341.48 million shares worth N5.19 billion traded in 3,769 deals last Tuesday.
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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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