Equity market closes higher, gains N110bn

May 7, 2020 Amaka Ifeakandu 0

Equity market yesterday closed higher on the floor of Nigerian Stock Exchange following gains recorded by some capitalised stocks, gaining N110 billion gain. Market capitalisation of listed equities increased by  0.87 per cent to N12.692 trillion from N12.582 trillion reported the previous day. The NSE All Share Index also gained  210.88 basis points or 0.87 per cent to 24354.25 points Read More

No Image

Stock market sheds N9bn

February 19, 2020 Editorial IV 0

Stocks on the floor of the Nigerian Stock Exchange dipped further on Wednesday, extending negative sentiment  which reflected investors indecision as they  trade cautiously  awaiting the release of audited corporate earnings.  The market capitalisation of listed equities declined by N9 billion  to N14.338 trillion from N14.347 trillion reported yesterday. The NSE All Share Index also dipped by 24.48 basis points Read More

No Image

FCC’ll ensure fairness, equity in personnel recruitment – Chairman

February 18, 2020 Editorial IV 0

  Acting executive chairman, Federal Character Commission (FCC), Malam Abdullahi Shinkafi, has said the commission is poised to ensure fairness and equity in the recruitment of personnel into federal ministries, departments and agencies (MDAs).  He also said the commission will ensure fair distribution of infrastructure in line with its mandate. He stated this Monday in Abuja in an address at Read More

No Image

Why we are encouraging securities lending – SEC

December 24, 2019 Editorial IV 0

The Securities and Exchange Commission, SEC has said that it is advocating for securities lending in the Nigerian capital market because it would deepen liquidity in the nation’s bourse as well as offer more returns to both the lender and the borrower. Acting Director General of the SEC, Ms. Mary Uduk who stated this in Abuja Monday, said already, the Read More

No Image

Successor: Kogi gov breaks silence, reveals plans

December 18, 2019 Editorial IV 0

Kogi state Governor Yahaya Bello has said he was not in the position to decide where his successor would come from after his second term in office, saying only God and the Kogi electorate can decide that.  The governor said this Tuesday while reacting to demands on power rotation made by the Kogi West Elders Forum who paid him a Read More

No Image

Bearish momentum persists at stock market

September 30, 2019 Editorial IV 0

… All share index down 0.1% The equities market ended last week in the red as the All Share Index (ASI) declined by 0.1 per cent Week-on-Week (W-o-W) to 27,675.04 points while Year-to-Date (YTD) loss settled at -11.9 per cent. Consequently, market capitalisation fell by N11.5 billion to N13.5 trillion. Afrinvest analysts attributed the decline to losses sustained in LEARNAFRICA Read More

No Image

SEC, FCCPCC pledge collaboration on mergers

September 9, 2019 Editorial IV 0

The Securities and Exchange Commission (SEC) and the Federal Competition and Consumer Protection Commission (FCCPC), have agreed to continue to work together in a bid to simplify the processes of mergers of companies in Nigeria. This was disclosed by the Acting Director-General of the SEC, Ms. Mary Uduk during the signing of a  memorandum of understanding between the SEC and Read More

No Image

Equity market opens on negative note, sheds N28bn

September 9, 2019 Editorial IV 0

Investment in the nation’s equity market Monday closed south wards as market capitalisation of listed equities declined by N28 billion. Specifically, the value of equities depreciated by 0.21 per cent to N13.178 trillion from N13.206 trillion reported on Friday. The Nigerian Stock Exchange All Share Index also depreciated to 27089.84 points from 27146.57 traded the previous day. Investors traded 290.490  Read More

No Image

Equity market remains volatile, sheds N265bn

July 12, 2019 Editorial IV 0

The expectations that listing of Airtel Africa Plc will boost activities in the market as transactions on the floor of Nigerian Stock Exchange on Thursday remained volatile, shedding  N265 billion. Specifically, Market Capitalisation of listed equities declined by 1.86 per cent  to N13.993 trillion from N14.258 trillion reported the previous day.  The NSE All Share Index also depreciated by 543.70 Read More

No Image

Appointments: Gov Abdulrasaq torn between equity and fairness

June 19, 2019 Editorial IV 0

In this piece UMAR BAYO ABDULWAHAB writes on the agitation for appointive positions in Kwara state and expectations of the masses.Perhaps, what appears to be the major headache for the ruling All Progressives Congress (APC) administration of Governor Abdulrahman Abdulrasaq of kwara state and the political class for now is the issue of appointments.Investigation by Blueprint shows that various interest Read More

No Image

Ellah Lakes Plc acquires 100% of Telluria Limited

June 17, 2019 Editorial IV 0

Ellah Lakes Plc (ELP), a specialized company in farming has  acquired 100 per cent equity stake in Telluria Limited (Telluria). The acquisition of the company became effective May this year. Kenechi Ezezika who spoke for Oake Legal Company Secretary said the company hsve complied with all the necessary regulatory requirements, adding that the acquisition was approved by the Nigerian Stock Read More

No Image

Stock market loses N26bn

May 10, 2019 Editorial IV 0

Investment in the nation’s equity market yesterday sustained volatility, dropping by N26 billion. The Nigerian Stock Exchange trading result showed that market capitalisation of listed equities declined by 0.24 per cent to N10.860 trillion from N10.886 trillion. The NSE All Share Index also fell by 70.16 basis points to 28896.25 points from N289661.41 traded on Wednesday, investors traded 215.203 million Read More

No Image

Speakership: Bago dismisses allegation of disloyalty

May 2, 2019 Editorial IV 0

Representative Mohammed Umar Bago (APC, Niger) has said his insistence on contesting for the speakership of the 9th House of Representatives was in compliance with President Muhammadu Buhari’s directive that his loyalist should stand on justice, fairness and equity for whatsoever. The APC leadership though had endorsed the candidature of Femi Gbajabiamila (APC, Lagos) and urged all members of the Read More

No Image

Why APC should revisit 9th NASS zoning arrangement – South-east leaders

April 28, 2019 Editorial IV 0

The All Progressives Congress (APC) South-east leaders have insisted that for equity to reign in the party, the national leadership must reconsider its zoning arrangement for principal offices in the 9th National Assembly. The leaders of the party made the call on Saturday after its zonal meeting in Enugu stressing that zoning the key positions to zones already favoured negates Read More

No Image

Speakership: Step down and support me, Onyejeocha tells Gbajabiamila, declares

April 23, 2019 Editorial IV 0

Chairperson of the House of Representatives Committee on Avaitaion, Hon. Nkiruka Onyejeocha, has formally declared her intention for speakership of the ninth assembly of the House. Addressing a press conference on Tuesday, the lawmaker however appealed to incumbent Majority Leader, Femi Gbajabiamila, who the ruling All Progressives Congress (APC) earlier endorsed as its preferred candidate for the position, to drop Read More

No Image

Speakership: Niger Delta groups insist on North-central zone

April 22, 2019 Editorial IV 0

A coalition of Niger Delta groups and the Citizens United to Save Democracy (CUSD) have insisted the speakership of the 9th House of Representatives be zoned to the North-central for equity to reign in the country. Both groups made their positions known in statements issued in Abuja Sunday saying that the position of the All Progressives Congress (APC) leadership which Read More

No Image

NSE: Stock market loses N150bn

April 1, 2019 Editorial IV 0

Transactions on the floor of Nigerian Stock Exchange Monday opened on a negative trend, shedding N150 billion. Specifically, market capitalisation of listed equities declined by 1.29 per cent to N11.522 trillion from N11.672 trillion reported on Friday.  The NSE All Share Index dropped to 30531.69 points from 31041.42 points recorded on Friday. Investors exchanged 1.724 billion shares worth N3.678 billion Read More

No Image

NB leads losers, as market sheds N62bn

January 29, 2019 Editorial IV 0

Nigerian Breweries (NB) yesterday recorded the highest loss at the Nigerian Stock Exchange, dropping by N1.90 kobo to close at N78.00, Zenith Bank Plc trailed with a loss of N0.50 kobo to close at N22.95 kobo, Guaranty Trust Bank Plc fell by N0.45 kobo to close at N33.80 kobo,  Access Bank down by N0.30 kobo to close at N6.05 kobo, Read More

No Image

Police, Peace Corps supporters clash in Abuja

February 16, 2018 Editorial IV 0

The police yesterday clashed with activists and supporters of the Nigerian Peace Corps at the organisation’s headquarters in Abuja. The police arrived in five Toyota Hilux vans after activists and Peace Corps members attempted to implement court orders that the facility be reopened. The development came two days after the House of Representatives Committee on Public Petitions asked the police Read More

No Image

Parties urged to zone governorship ticket to Akwanga

February 13, 2018 Editorial IV 0

Abuja The President of Nasarawa State Youth Forum (NSYF) Kaduna state chapter, Mr. Danjuma Ewuga, has called on the major political parties in Nasarawa State to zone the governorship ticket to Akwanga zone in 2019. Mr. Ewuga explained that “Keffi and Lafia zones have produced governors, and that for the sake of fairness and equity the next governor should come Read More

No Image

Kwara Central produces best Qu’ranic reciter

January 1, 2018 Editorial IV 1

By Umar Bayo Abdulwahab Ilorin Mallam Muritala Abdul-Qadir Katibi, from Kwara Central has emerged the best overall winner of inter-local government Quranic competition in the state. Katibi emerged overall best in the recitation of 60 hizb, complete Quran with tafsir, while Muhammad Salisu Jibril from Kwara North emerged 2nd. Speaker of the state Assembly, Dr Ali Ahmad gave a cash Read More

No Image

Ondo to buy FG’s share in wood coy –Akeredolu

November 16, 2017 Editorial IV 0

Benjamin Umuteme Abuja Ondo State governor, Rotimi Akeredolu has said that the state is willing to buy up federal government’s equity in the Nigerian-Romanian Wood Industry (NIROWI), situated in Akure, Ondo state. The governor said this when he received a delegation from the Bureau of Public Enterprises led by its Director General, Alex A. Okoh in his office. The BPE Read More