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Capitalisation gains N19.13bn as trading resumes on Nigerian bourse



Nigerian Stock

The equities market opened the week on a positive note after the Easter break with market capitalisation gaining N19.13 billion, to close at N25.632 trillion.

The figure represents an increase of 0.07 per cent compared with the N25.613 trillion posted in April 14.

Similarly, the All-Share Index, ASI, stood at 47,545.86 points as against  47.510.38 points recorded at the previous trading, representing an increase of 0.07  per cent.

The month-to-date and year-to-date trading of the All-Share Index rose to 1.24 per cent and 11.31 per cent respectively.

The market breadth closed negative as 21 stocks appreciated against 31 stocks that declined.

Meyer led the gainers’ table in percentage terms, increasing by 10 per cent to  close at N1.76 per share.

Guinness followed with 6.86 per cent to close at N74.80, while NPF Micro Finance Bank added 6.80 per cent to close at N2.20 per share.

Cadbury  gained 8.40  per cent each to close at N8 per share. Also, Unilever appreciated by 2.75 per cent to close at N12.20

On the other hand, Academy Press shed 9.72 per cent to close at N1.30, while JohnHolt trailed with 9.30 per cent to close at 78k per share.

JapaulGold dipped 9.09 percent to close at 30k, while Neimeth dropped 8.24 per cent to N1.45 per share.

Pharmdeko was down by 7.51 per cent to close at N2.60 per share.

The total volume traded stood 365.45 million units in 5,790  deals compared with 385.18 million units recorded in 6212 deals at the previous trading.

The total value of transactions stood at  N7.11 billion as against N4,02 billion recorded on Thursday, representing an increase of 76.96 per cent.

Market activity was dominated by the financial sector, with Fidelity Bank was the most traded stock, followed by ACCESSCORP, MTN Nigeria, OMATEK and RTBriscoe.




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Buhari leaves on a condolence visit to Abu Dhabi



Buhari departs

President Muhammadu Buhari is scheduled to meet the new President of the United Arab Emirates (UAE), Sheikh Mohamed bin Zayed Al Nahyan, to convey his condolences on the passing of the former president and Ruler of Abu Dhabi, Sheikh Khalifa bin Zayed Al Nahyan.

In a statement issued by Garba Shehu, Senior Special Assistant to the President (Media & Publicity), the President who was expected to depart Abuja on Thursday, will also extend his congratulations to the new President, renewing bonds of the longstanding friendship between Nigeria and the UAE.

The statement recalled that President Buhari, in an earlier congratulatory message to the new UAE leader, had reaffirmed Nigeria’s cordial relationship with the country, noting that the cooperation between both governments has helped Nigeria in tracking down illegal assets and tracing terrorist funds.

“Under the new leadership, President Buhari looks forward to a bigger and stronger partnership for peace, stability and prosperity of both countries,” the statement reads.

President Buhari will be accompanied by the Minister of State Foreign Affairs, Amb. Zubairu Dada, the Minister of Communications and Digital Economy, Prof. Isa Ali Pantami, the Minister of Federal Capital Territory, Mohammed Bello, and the Minister of Aviation, Senator Hadi Sirika.

Other members of his delegation are the National Security Adviser, Maj. Gen. Mohammed Monguno (Rtd) and the  Director-General, National Intelligence Agency, Ambassador Ahmed Rufai Abubakar.

He is expected to return from the trip on Saturday.




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Imo police arrests killers of police officer




Police Imo State says it has arrested a gang of seven persons connected with the murder of a female Police officer, Inspector Felicia Nwagbara, who was declared missing five years ago.

According to the police, the gang was also behind the gruesome murder of a policeman in Agwa, who manhood was severed two weeks ago in Oguta local government area of Imo State.

Mike Abattam, the Imo Police spokesperson, who made the disclosure in a statement, said the seven-man gang members, which included three siblings were arrested in Ubah Agwa in Oguta local government area on Wednesday during an early morning raid at their hideout.

The three siblings are Hycent Chimezie ‘m’ aged 30 years, Hycent Azunna ‘m’ aged 28 years, Hycent Ifesinachi ‘m’ aged 26 years, alongside 72 year-old Nnadike Clifford, Casmire Mgbugha ‘m’ aged 53 years, Hycent Chimobi ‘m’ aged 23 years, and Chukwuemeka Wisdom ‘m’ aged 22 years.

The slain policewoman was the second wife to Casmire Mgbugba, one of the suspects arrested.

According to Abattam, the gang was responsible for Inspector Felicia Nwagbara’s disappearance since 2017, the killing of Ukam Efut in Oguta two weeks ago, and other heinous crimes.

Efut, an Assistant Superintendent of Police was killed and his manhood severed at a checkpoint at Okpo-efi junction, Agwa Ejemekwuru road, where there were suspicions of illegal oil refinery activities.

Abattam said “During the course of interrogation, the suspects confessed to have murdered late Inspector Felicia Nwagbara who was the second wife to one of the suspects – Casmire Mgbugba. They further stated that they are the manufacturers of the locally made guns recovered from them. Apart from using them in perpetrating crimes, they sell to robbers and kidnappers.”

Further, he said a raid on the terror camp revealed a live Python snake, one Toyota Camry car with registration number AKD 73 BF LAGOS, eight locally made Pistols, 18 rounds of live cartridges, one Biafra flag, a pair of Police Carmouflage Uniform belonging to late female Police Inspector.

Abattam said one of the suspects, Hycent Chimezie attempted to escape a second time but was stopped after he was shot in the leg, adding that all the suspects were answering questions over their involvements.

According to him, the police received a tip-off that their fleeing charms-man who prepared charms to make them not to sustain gunshots or knife-cut, had returned, even as he expressed the appreciation of the State Police Commissioner, Mohammed Barde, to the people



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