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Major Blue Chips Drop Price On NSE

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7 years ago

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Some major blue chips on the Nigerian Stock Exchange (NSE) last Friday, recorded price depreciation as a result of profit taking by investors.
Blue chips generally sell high-quality, widely accepted products and services.
They are companies known to weather downturns and operate profitably in the face of adverse economic conditions a development that helps to contribute to their long record of stable and reliable growth.
However, The Tide source reports that Dangote Cement topped the price losers’ chart, dropping N1 to close at N20.9 per share.
UBN followed with a loss of 55k to close at N5.3 per share.
Lafarge Wapco depreciated by15k to close at N23, while Oando Oil and Zenith Bank lost 1k each to close at N5.25 and N20.9 per share respectively.
The All-Share Index lost 72.31 basis points or 0.21 per cent to close at 34,037.91 against 34,110.22 recorded on Thursday.
The market capitalisation dipped by N26 billion or 0.21 per cent to close at N12.426 trillion compared with N12.452 trillion achieved last Thursday.
On the other hand, Glaxosmith led the gainers’ table with N1.2 to close at N14.3 per share.
Mobil Oil followed with a gain of N1 to close at N180, while Dangote Sugar grew by 9k to close at N16 per share.
Diamond Bank also gained 1k to close at N1.33, while Maybaker appreciated by 0.09k to close at N2.49 per share.
In all, investors staked N2.10 billion on 155.95 million shares in 52,715 deals, representing a growth of 5.19 per cent.
This was against 164.500 million shares worth N2.07 billion traded in 3,188 deals last Friday.
The financial services sector remained the most active with GTBank emerging the most traded equity with 27.19 million shares worth N948.89 billion.
Zenith Bank came second with 19.68 million shares valued at N412.01 million, while Sovrenins sold 12.66 million shares worth N3.04 million.
Fidelity accounted for 10.81 million shares valued at N18.56 million, while Sky Bank traded 7.88 million shares valued at N4.37 million.

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Kenyan Runners Dominate Berlin Marathons

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24 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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24 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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24 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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