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Capital Market Indices Records 2.53 Percent Rise

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13 years ago

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The Equity
Market of the Nigerian Stock Exchange (NSE) for the week ended July 19, 2013 finished on a bright note as the bulls maintained their grip on the market resulting to a straight-nine day-gaining streak.
This market upbeat was reflected in twin market indicators as both the composite index and the aggregate market capitalisation of listed equities surged by 2.53 per cent each.
In specific terms, the All Share Index (ASI) which opened the week at 37,382.49 basis points finished at 38,328.29 basis points even as the market capitalisation of listed equities firmed up by N299.53 billion to close the week at N12.138 trillion from an opening value of N11.83 trillion.
The week opened with the first trading day finishing on positive note as the market advanced by 0.90 per cent as the ASI closed at 37,720.78 basis points. The market index continued tilting southward on the second trading as it rose by 0.44 per cent even as it increased by 0.24 per cent the following day being Wednesday.
The market recorded the highest gain on Thursday with 0.95 per cent growth while it carved in marginally on Friday flaking 0.02 per cent.
The NSE 30 index which tracks 30 most capitalised stocks on the Nigerian bourse rose by 3.06 per cent to close the week at 1,812.57 points.
Also four of the NSE indices appreciated during the week with the NSE Consumer Goods, NSE Banking, NSE Insurance, NSE Oil/Gas and NSE –Lotus 11NSE advanced by 4.72 per cent, 1.27 per cent, 0.28 per cent, 9.37 per cent and 3.30 per cent respectively while NSE Industrial Goods and NSE Asem dropped by 0.45 per cent and 0.50 per cent in that order.
The NSE price movement chart had a total of 50 stocks which appreciated in their value up from 37 equities which recorded price appreciation the previous week.  Thirty-nine dipped in their prices compared with the 47 equities that depreciated last week.
Those whose value remained flat were 105 as against 110 equities that remained constant in their prices the previous week.
The top 10 gainers were Julius Berger Nigeria Plc N13.73, Seven-Up Bottling Company Plc N10.00 Forte Oil Plc N9.42, PZ Cussons Nigeria Plc N9.14, MRS Oil Nigeria Plc N6.28, /HS  Plc N1.20, Champion Breweries Plc N1.47, IPWA Plc 47 Kobo, UTC Nigeria Plc 14 Kobo and ABC Transport Plc 19 Kobo.
Conversely, the top 10 losers for the week were, Berger Paints Plc, N1.68, Points and coatings Manufacturers Plc 23 Kobo, Costain (WA) Plc 24 Kobo, Portland Paints and Products Nigeria Plc 80 Kobo, Trans-Nationwide Express Plc 27 Kobo, Jos International Breweries Plc 11 Kobo, Academy Press Plc, 20 Kobo, ARBICO Plc 62 Kobo, Nigerian-German Chemical Plc 81 Kobo, B.O.C. Gases Plc 73 Kobo and Pharma Deko Plc 20 Kobo.
A total market volume of 1.886 billion units of shares valued at N15.536 billion were recorded during the week under review in 28,619 transactions up from a total of 1.674 billion units of shares worth N18.266 billion exchanged by investors the previous week in 25,367 trades.
In volume terms, the financial service sector emerged first on the activity chart accounting for 763.653 million units of shares valued at N7.276 billion exchanging hands in 14,740 deals indicating 40.50 per cent, 46.83 per cent, 51.50 per cent of the overall equity turnover volume, value and deals.
It was followed by the conglomerates sector with a turnover volume of 704.825 million units of shares 704.825 million units of shares at the value of N1.137 billion recorded in 1,122 deals contributing 37.38 per cent, 7.32 per cent and 3.92 per cent to the total equity turnover volume, value and number of deals respectively.
With a turnover volume of 169.556 million units of shares worth N335.382 million recorded in 943 deals, the million recorded in 943 deals, the services sector emerged third on the week’s activity chart.
Trading in the shares of Transnational Corporation of Nigeria Plc (Transcorp), ABC Transport Plc and FBN Holdings Plc accounted for 900.568 million units of shares valued at N2.693 billion executed in 3,714 deals contributed to 47.76 per cent, 17.33 per cent and 12.98 per cent to the total equity turnover volume, value and deals in that order.
Meanwhile according to the National Bureau of Statistics (NBS) the drop in inflation rate last week shot pushed up the price of bond but the FGN bond reduced as bond yields and prices moved in the opposite direction.
The Nation’s Consumer Price Index (CPI) for June fell to 8.4 per cent compared to the 9 per cent it stood in May, the NBS stated.  It noted that core and food indices in June averaged 8.9 per cent and eight per cent respectively as against the 12.5 per cent and 14.1 per cent it attained the previous month.
The drop in inflation rate, according to NBS was due to “slower rise in all Classification of Individual Consumption According to Purpose (COICOP) classes except the food and non-alcoholic beverages class”.
The 4 per cent FGN April 2015 rose marginally as it closed at N85.96 as against N85.33 it sold the previous week while the 15.10 per cent FGN April 2017 paper closed at N105.70 last week from an opening price of N104.70 the preceeding week.     Also, the 10.70 per cent FGN May 2018 finished higher at N90.47 compared with an on-board price of N89.82.

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Rivers

Residents Embrace MNCH Week Services In PH

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1 week ago

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June 17, 2026

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Antenatal care and immunization services recorded high patronage during the just-concluded Maternal, Newborn and Child Health (MNCH) Week as residents in various communities across Port Harcourt took advantage of the free healthcare interventions.
The exercise, which was aimed at improving maternal and child well-being, attracted women, caregivers and children to different health facilities where a range of free healthcare services were provided.
Findings from selected health centres visited during the exercise showed encouraging participation by beneficiaries despite a few operational challenges experienced by health workers.
At Ozuboko Health Centre, the doctor in charge, Dr. Flag Amachree, said the facility recorded a good turnout throughout the exercise.
 The Tide  gathered that the team of immunization officers embarked on outreach immunization activities to schools to ensure that more children benefited from the programme.
She, however, identified inadequate supplies of deworming tablets as a challenge, noting that available stocks were being carefully managed to meet demands.
One of the beneficiaries, Emmanuella Edwin, who visited the facility for antenatal registration, expressed satisfaction with the services provided by the health workers.
She commended the staff for their dedication, professionalism and friendly disposition, adding that the registration process was stress-free and without any major challenge.
Similarly, Mrs. Esther Abbey said she registered for the free medical services offered during the healthcare week and described the process as smooth and simple.
She added that the programme also created an avenue for her daughter to benefit from immunization services through arrangements by her school.
Another beneficiary, Mrs. Philomena Ezekiel, said she was unable to access the service for her children after she was informed that a National Identification Number (NIN) was required before the test could be carried out.
At Amadi Health Centre, the Medical Officer in charge, Dr. Ebere Ikonwa, attributed the low turnout recorded at the facility to inadequate community mobilization, noting that no town crier was assigned to create awareness.
Despite the situation, she said the facility carried out outreach immunization services successfully and recorded significant patronage in antenatal care and immunization services.
By: Esuuk-Awaji Oyet, Princess Akinyemi
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NUJ Summit to Strengthen Media/Security Partnership, Tackle Misinformation

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1 week ago

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June 17, 2026

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The Nigeria Union of Journalists (NUJ) is set to convene a two-day National Security Summit in Abuja aimed at strengthening collaboration between the media and security agencies in advancing national stability, public trust and sustainable development.
The summit, scheduled to hold on June 18 and 19, 2026, will bring together key actors in governance, security and the media sector to deliberate on pathways for improved engagement in addressing contemporary national security concerns.
Themed, “Media and Security Agencies as Partners in Nation Building”, the gathering is expected to serve as a strategic platform for dialogue on responsible information management and enhanced institutional cooperation.
Chairman of the Organizing Committee, Comrade Abimbola Oyetunde, who disclosed this in a statement, said the initiative was conceived as a high-level engagement to deepen understanding between journalists and security operatives in safeguarding the country.
She explained that the summit would provide opportunities for critical conversations on crisis communication, information sharing, conflict reporting and strengthening citizens’ confidence in public institutions.
According to the statement, the event will attract senior government officials, heads of security agencies, media executives, editors, civil society groups and other stakeholders drawn from across the country.
According to the organizers, the Minister of Defence, General Christopher Musa, and the National Security Adviser, Mallam Nuhu Ribadu, will attend as Special Guests of Honour.
The Director-General of the Department of State Services (DSS), Adeola Oluwatosin Ajayi, is expected to deliver the keynote address, while the National President of the NUJ, Comrade Alhassan Yahya, will host the summit.
Also expected to chair the occasion is the Minister of Information and National Orientation, Mohammed Idris.
The statement noted that the summit comes at a critical period when Nigeria continues to confront evolving security challenges, growing concerns over misinformation and heightened public anxiety over national issues.
It emphasized that structured engagement between the media and security institutions has become imperative in improving crisis communication, reducing panic, combating fake news, and ensuring the dissemination of timely, accurate and responsible information.
Participants at the summit are expected to examine issues such as responsible reporting of security operations and conflict situations, access to credible information and official briefings, management of sensitive information and the safety of journalists covering security-related assignments.
Other areas of focus include countering disinformation, propaganda and hate speech, as well as building mutual trust and professional respect between journalists and security personnel.
The summit will also feature goodwill messages, panel discussions, breakout sessions, experience-sharing by frontline reporters, and interactive engagements with security chiefs before concluding with the adoption of a communiqué and an action framework to guide future collaboration.
The NUJ restated its commitment to press freedom, ethical journalism and promoting national peace, security and democratic governance.
By: King Onunwor
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Anaka Community Seeks Development, Unity  … Advocates Devine Guidance In 2027 Leadership Selection

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1 week ago

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June 17, 2026

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The Paramount Ruler of Anaka Community in Akpor Clan, Obio/Akpor Local Government Area, HRH. Eze  Marcus Oriji, has reiterated the kingdom’s commitment to unity, development, and peaceful coexistence among its people.
HRH Oriji, who spoke through his son, Alloy Marcus, in an interview with newsmen in the community, said the community is committed to peace.
 He described Anaka as a community known for peace and unity, noting that the kingdom continues to attract visitors and residents because of its welcoming nature.
According to him, while the leadership of the kingdom has recorded progress in various fronts, several challenges still remain.
Anaka Community, he continued, has faced developmental challenges similar to those confronting many communities across the country.
He identified the provision of key infrastructure, including a modern market, schools, healthcare facilities, and a police station, as critical areas requiring attention to enhance the growth and development of the kingdom.
On concerns raised by residents over the poor condition of the road linking St. John’s to Ogbogoro, Eze Marcus commended the Rivers State Government under the leadership of the State Governor, Siminalayi Fubara,ii for commencing work on the Ring Road project, which he described as a significant development for the area.
Marcus explained that Anaka Kingdom stands to benefit from the project and appealed to the government to accelerate construction efforts, particularly on sections connecting St. John’s and other adjoining communities, to ease traffic congestion and improve accessibility.
Expressing optimism about the project’s completion, he said improved road infrastructure would not only enhance movement within the area, but also attract investors, businesses, and visitors to the kingdom.
Commenting on the 2027 general elections, Eze Alloy Marcus called for divine guidance in the selection of leaders, stressing the need for God-fearing individuals who would govern with integrity and commitment to national development.
He also advised young people to shun electoral violence and resist being used by politicians for unlawful activities such as ballot box snatching and election-related disturbances.
He urged youths to play constructive roles in strengthening democracy by supporting free, fair, and peaceful elections.
The royal representative emphasized that sustainable development, improved infrastructure, and peaceful democratic processes remain essential for the continued progress of Anaka Kingdom and Rivers State as a whole.
By: Azubuike Chiwendu, Akpelu Godspower
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