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NSE: Investors Trade 7bn Shares Worth N73.6bn

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12 years ago

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Transactions on the Nigerian Stock Exchange (NSE) improved considerably in October as investors traded 7.02 billion shares worth N73.59 billion in 97,372 deals.

The Tide source reports that this was against the 5.39 billion shares valued at N54.09 billion exchanged in 97,919 deals in September.

These statistics, obtained from NSE on Thursday in Lagos, showed that the turnover  in October improved by 30.24 per cent.

Similarly, the market capitalisation grew by N368 billion or 3.16 per cent from N11.652 trillion in September to N12.020 trillion in October.

The All-Share Index rose by 1037.66 basis points or 2.84 per cent to close at 37,622.74 from the 36,585.08 achieved in September.

The financial services sector remained the most active in October as the sector exchanged 5.13 billion shares worth N44.27 in 54,001 deals.

The Chief Executive Officer, Lambeth Trust Investment Ltd., Lagos, Mr David Adonri,  attributed the growth to improved third quarter result by some companies.

Adonri said that the market would have experienced more growth if not for mixed third quarter results released by some quoted banks due to tight monetary policy.

“In November, third quarter corporate results will determine the direction of the capital market.

“Results of banks released so far have not been too spectacular, indicating that the tight monetary policy is already affecting the banks negatively,” Adonri said.

The Financial Markets Dealers Association (FMDA) said that treasury bills worth N281.92 billion would mature today November 7, 2013.

The FDMA said this in its Financial Market Daily Indicator posted on its website. It also said that the treasury bills would mature at the Primary Market Auction (PMA) and Open Market Operation (OMO) windows.

The FDMA said that 91-day bills and 182-day treasury bills with two different rate categories would mature at the PMA window. The 91-day treasury bills worth N22.06 billion have interest rate of 11.05 per cent.

The two categories of the 182-day treasury bills with interest rates of 11.59 per cent and 13.05 per cent were worth N30 billion and N47 billion, respectively. At the OMO window, the 175-day treasury bills worth N95.37 have yield rate of 12.35 per cent. The178-day treasury bills with yield rate of 12.35 per cent and worth N86.71 billion would also mature on November, 7.

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Kenyan Runners Dominate Berlin Marathons

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16 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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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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16 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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