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NSE Indices Down By 1.4%

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16 years ago

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The Nigerian Stock Market last week finished on a negative note as the corporate performance indices, the all share index and aggregate market capitalisation of listed equities phged by 1.4 per cent each.

Specifically, the benchmark index, all share index of the Exchange fell from 21,508.59 basis points at which it opened the week to 21,217.77 basis points last Wednesday while the aggregate market capitalisation of listed equities closed lower at N5.047 trillion compared with N5.116 trillion at which it opened the week.

A peep at the market showed that even though the number of stocks that recorded price appreciation was higher it was not enough to push the market indices as 41 stocks surged in their prices while 25 others depreciated.

West African Portland Company Plc recorded the highest  gain last Wednesday garnering  147 Kobo to close at N30.97 per share followed by Seven Up Bottling Company Plc which added 140 Kobo to close at N25.40 per share.

Glaxo Smith Kline Consumer Plc and PZ Cussons Plc grew by 112 Kobo each to close at N23.62 per share and N23.61 per share respectively.

Flour Mill Nigeria Plc, UAC Properties Development Plc, Nestle Nigeria Plc among others gained 100 Kobo, 95 Kobo and 59 Kobo to close at N33.50, N20.12 and  N235.93 per share in that order.

On the down side, UAC Nigeria Plc led those that drifted in the red in terms of their share prices nose diving by 200 Kobo to close at N38 per share while Conoil Plc followed with 166 loss to close at N31.68 per share.

United Bank for Africa Plc went down by 61 Kobo to close at N11.63 per share, Nigerian Breweries Plc eased by 50 Kobo to close at N52.50 per share, Zenith Bank Plc shed 32 Kobo to close at N13.75 per share and Access Bank Plc dropped 31 Kobo to close at N6.68 per share.

Diamond Bank Plc, Skye Bank Plc, Ashaka Cement PLc, Guaranty Assurance Plc among others fell by 25 Kobo, 22 Kobo, 21 Kobo and 14 Kobo to close at N7.10, N5.20, N12.29 and N2.84 per share respectively.

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Kenyan Runners Dominate Berlin Marathons

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9 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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9 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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9 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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