Business
Access Bank Sustains Top Position By Volume
Access Bank Plc has over a period of time maintained her position in driving the top 10 market by volume.
The bank which started a steady move in tapping the chart towards the ending of last month, seemed prepared as seen in the chart compiled from NSE top 10 by volume chart.
Specifically, the bank drove the market volume January 26, 2010, trading a total of 9,953,470 worth N81.02 million in 235 deals.
January 27, 2010, Access Bank volume surged 9.15% volume, maintaining the volume lead after 10,862,429 shares worth N88.73 million in 172 deals exchange hands.
Even though there was an improvement on the volume and value from 9,953,470 to 10,862,429 and from N81.02 to N88.73 millions respectively, the number of deals beared from 235 to 172,268 per cent decrease.
Under the period of study, Access Bank drove the market by volume but has her highest volume on Tuesday February 9, 2010 when the bank traded a total of 51,594,948 shares worth N444,546,469.54 in 289 deals.
The day in question saw the bank volume surged by 473.9 per cent from 8,992,500 of February 8, 2010 to 51,594,948. The bank value also went up from N78.06 to N444.5 million in 289 deals compared to 242 deals of the previous deals.
The day bulls was followed by January 28, 2010 when the bank traded 49,062,150 worth N411.4 million in 166 deals.
Access Bank’s lowest day on the top 10 by volume chart was February 8, 2010 when a total of 8,992,500 units worth N78.06 in 242 exchange hands.
The bank has engaged what seemed a permanent position on top of other market drivers during a period of study.
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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.”
Business
PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
