Economy

NSE: Turnover rises by 86.97%, other indices down 0.15%

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The volume of shares traded on the Nigerian Stock Exchange (NSE) on Friday rose by 86.97 per cent, just as the market indices dipped by 0.15 per cent.


Specifically, investors traded 482.52 million shares valued at N4.52 billion in 3,897 deals.

This was in contrast with a turnover of 258.08 million shares worth N1.68 billion, achieved in 3,640 deals on Thursday.

An analysis of the activity chart indicates that Wapic Insurance was the most active, exchanging 101.09 million shares valued at N33.36 million.

Unilever followed with an account of 67.87 million shares worth N848.49 million, while Zenith Bank traded 58.05 million shares, valued at N969.36 million.

Access Bank traded 46.461 million shares worth N305.46 million; FBN Holdings exchanged 46.46 million shares valued at N232.88 million.

However, the market capitalisation lost N20 billion or 0.15 per cent, N13.145 trillion from N13.165 trillion achieved on Thursday.

Similarly, the NSE All-Share Index lost 37.13 points or 0.15 per cent, to close at 25,199.84 from 25,236.97 recorded on Thursday.

CAP topped the losers’ chart, dropping by 90k to close at N17 per share.

Unilever trailed with a loss of 50k to close at N12.50, while MTN Nigeria Communications was down by 50k, closing at N119 per share.

Northern Nigeria Flour Mills dipped 47k to close at N3.87, while Cadbury declined by 30k to close at N7.45 per share.

On the other hand, C &I Leasing led the gainers’ table, appreciating by 40k to close at N4.40 per share.

BUA Cement followed with a gain of 30k to close at N38.90, while Fidson with 17k, to close at N3.70 per share.

Guaranty Trust Bank added 10k to close at N24.90, Stanbic IBTC also improved by 10k, to close at N33.90 per share.

Edited By: Folorunso Poroye/Salif Atojoko (NAN)

https://nnn.ng/nse-turnover-rises-by-86-97-other-indices-down-0-15/

General news

Ministries of Interior, Transportation, others make presentations at 16th virtual FEC meeting

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President Muhammadu Buhari is currently presiding over the 16th virtual meeting of the Federal Executive Council (FEC) with some Ministries, Departments and Agencies (MDAs) expected to make presentations at the meeting.


The News Agency of Nigeria reports that the Ministers of Interior, Ra’uf Aregheshola; Finance, Zainab Ahmed; Transportation, Rotimi Amaechi; Godswill Okpabio, Niger Delta; Timipre Sylva, Minister of State, Petroleum and Justice, Abubakar Malami are expected to make presentations at the council meeting.

Other departments and agencies expected to make presentations are the Nigeria Correctional Service and the Nigeria Customs Service.

NAN reports that eight ministers including that of Information and Culture, Alhaji Lai Mohammed and Works and Housing, Babatunde Fashola joined the president at the Council Chamber for the meeting.

The Head of Civil Service of the Federation, Mrs Folashade Yemi-Esan as well as other cabinet ministers are participating in the meeting from their respective offices in Abuja online.

Details later

https://nnn.ng/ministries-of-interior-transportation-others-make-presentations-at-16th-virtual-fec-meeting/
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Defence/Security

New NSCDC Commandant assumes duty in Minna

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Mr Haruna Zurmi, the new Commandant of  the Niger Command of the Nigerian Security and Civil Defence Corps (NSCDC) has assumed duty in Minna.


The Command’s Public Relations Officer, ASCI Nasiru Abdullahi, said this in a statement on Wednesday in Minna.

According to him, Zurmi takes over from Mr George Edem who has been redeployed to Edo as Commandant.

He said that the new commandant urged officers and men of the command to be resilient in intelligence gathering and to be committed to their duties.

The spokesman said that the new commandant also reiterated his readiness to work round the clock to tackle crimes in the state.

He also called on officers and men of the command to stand up to their responsibilities.

 

 

 

 

 

 

 

 

https://nnn.ng/new-nscdc-commandant-assumes-duty-in-minna/
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General news

Covenant University appoints Williams as Acting Vice- Chancellor

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The Board of Regents, Covenant University, Ota, has appointed Prof. Akan Williams as Acting Vice-Chancellor of the Institution.


Mr Attat Emmanuel, Information Officer of the Institution, disclosed this in a statement on Wednesday in Ota.

“The appointment of Williams was approved on Tuesday, following the expiration of the tenure of the immediate past Vice-Chancellor, Prof. Aaron Atayero.

“Williams was born on Feb. 16, 1970 in Calabar, Cross River State, he is a native of Itoko, Ibesikpo-Asutan Local Government Area (LGA)  of Akwa Ibom.

“He is a Fellow of Chemical Society of Nigeria; a former Chairman, Ogun Chapter, Chemical Society of Nigeria; member, Institute of Chartered Chemists of Nigeria; member, Royal Society of Chemistry and a member American Chemical Society among others,” he said.

Edited By: Cecilia Odey/Ali Baba-Inuwa
Source: NAN

https://nnn.ng/covenant-university-appoints-williams-as-acting-vice-chancellor/
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Defence/Security

New Niger NSCDC Commandant assumes duty in Minna

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Mr Haruna Zurmi, the new Commandant of  the Niger Command of the Nigerian Security and Civil Defence Corps (NSCDC) has assumed duty in Minna.


The Command’s Public Relations Officer, ASCI Nasiru Abdullahi, said this in a statement on Wednesday in Minna.

According to him, Zurmi takes over from Mr George Edem who has been redeployed to Edo as Commandant.

He said that the new commandant urged officers and men of the command to be resilient in intelligence gathering and to be committed to their duties.

The spokesman said that the new commandant also reiterated his readiness to work round the clock to tackle crimes in the state.

He also called on officers and men of the command to stand up to their responsibilities.

 

 

 

 

 

 

 

 

 

 

https://nnn.ng/new-niger-nscdc-commandant-assumes-duty-in-minna/
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