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Stock Market Drops 0.23%, Investors Lose N151bn

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The Nigerian stock market on Friday witnessed a downturn as performance indices declined by 0.23 per cent.

Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation fell by N151 billion or 0.23 per cent to N66.717 trillion from N66.868 trillion recorded on Thursday.

Also, the All-Share Index dropped by 0.

23 per cent or 242 points to close at 106,538.
60 against 106,780.72 posted the previous day.

Meanwhile, the market breadth closed positive with 34 gainers and 19 losers.

On the gainers’ chart, Livestock Feeds soared by 9.87 per cent to close at N8.35, followed by HoneyFlour, which gained 9.80 per cent to close at N13.45 per share

Eunisell Interlinked increased by 9.

69 per cent to close at N10.75 while May and baker Nigeria rose by 9.66 per cent to close at N9.95 per share.

Also, Tantalizer edged by 9.28 per cent to close at N2.59 per share.

Meanwhile, on the losers’ chart, Ikeja Hotel lost by 9.70 per cent, to close at N10.70, while Transnational Corporation declined by 9.46 per cent at N46.90 per share.

First City Monument Bank fell by 7.61 per cent to close at N9.10, while Caverton Offshore Support Group depreciated by 5.80 per cent to close at N2 60 per share.

Also, ABC Transport dropped by 5.06 per cent to close at N1.50 per share.

A total of 349,18 million shares worth N9.74 billion were exchanged across 11,911 transactions, compared to 375.73 million shares worth N10.185 billion exchanged across 11,447 transactions  recorded at the previous section

Transactions in shares of Zenith Bank topped the activity chart with 42.150 million shares worth N2.015 billion.

Fidelity Bank followed with 35.94 million shares valued at N624.13 million while Access Corporation transacted 31.49 million shares worth N764.90 million.

United Bank for Africa sold 23.990 million shares valued at N897.80 million while Tantalizer transacted 23.064 million shares worth N59.179 million. (NAN)

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New Medical Doctor Appreciates Ex-Reps Deputy Chief Whip, Hon Adekoya for University Sponsorship

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By Mike Odiakose, Abuja

A fresh graduate medical doctor from Olabisi Onabanjo University, Ogun State, Dr Ogunmakinju Oluwaseun, has expressed touching appreciation to a former Deputy Minority Whip of the House of Representatives, Hon Adesegun Abdel-Majid Adekoya, for the full sponsorship of his university education.

Hon Adekoya is the founder of Prince Abdel-Majid Foundation (PAM Foundation), a non-governmental organisation engaged in uplifting Nigerians, especially the less privileged, children, youths and women.

In an open letter of appreciation, Dr Ogunmakinju Oluwaseun, said his dream of becoming a medical doctor would have been a mirage if it not for the support of Hon Adekoya who stood by him in the past six years.

He declared that Hon Adekoya, popularly known as Attacker from his football-playing days as a youth, took over the full sponsorship of his university education without allowing him to pay a dime.

He also added that through the mentorship of Hon Adekoya he was able to emerge as the President of OOU Students Union.

He declared that his stint as SUG President has already instilled leadership qualities in him.

Dr Ogunmakinju Oluwaseun wrote: “Dear Rt. Hon. Abdul-Majid Adekoya Adesegun, I write with a heart full of gratitude to sincerely appreciate you for being the sole benefactor of my academic journey.

“From my very first day in 100 Level to my final year in 600 Level, your generosity through the scholarship you granted me has been the bedrock of my success.

“Today, by the grace of God and through your unwavering support, I have emerged as a qualified medical doctor. This achievement is not mine alone; it is a testament to your belief in me, your investment in my future, and your commitment to empowering the next generation.

“Words cannot fully capture the depth of my appreciation, but I pray that the Almighty rewards you abundantly, grants you good health, and continues to bless your endeavors.

“Your kindness has not only changed my life but has also inspired me to be a source of help to others, just as you have been to me.

“Thank you for making my dream a reality.”

Ogunmakinju Oluwaseun added: “I wish to sincerely appreciate ATTACKER for taking full responsibility for my tuition fees from 100 Level to 600 Level — without allowing me to pay a dime.

“This rare and life-changing opportunity, made possible through the Prince Abdul Majid Foundation (PAM Foundation), is something I will forever hold in deep gratitude.

“Today, after 6 years of rigorous training, I proudly stand as a Medical Doctor, awaiting the privilege of taking the Hippocratic Oath soon.

“Beyond academics, the leadership lessons I gained under the mentorship of Rt. Hon. Adekoya gave me the edge to emerge as OOU Students’ Union Government President.

“And academically, I am proud to have made a Distinction in of of the courses I offered during my journey through medical school.

“Thank you for believing in me, investing in my dreams, and giving me the platform to grow both as a leader and a scholar.”

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Bandit Tax in Zamfara, Ghost Town in Kwara, signs of Failure – ADC

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By Johnson Eyiangho, Abuja

The African Democratic Congress (ADC) has expressed deep concern over the reported extortion of over N56 million from farmers in Zamfara State by armed groups as well as the chilling video of an entire village in Ifelodun Local Government of Kwara State, completely abandoned to bandits.

The party noted that Nigeria, under President Tinubu and the APC is sliding into a dangerous new phase of state failure.
In a statement by its National Publicity Secretary, Mallam Bolaji Abdullahi, on Friday, the party said a situation where farmers had to pay money to terrorists before they could gain access to their own farmlands, is not just a Zamfara tragedy, but a national warning.
Abdullahi said that a situation where people had to abandon an entire town to bandits, in the very heart of the country, is not just a local challenge but an evidence of national surrender. “When armed gangs can collect N56 million from farmers for the ‘right’ to plant food, the issue is no longer about insecurity. It is about criminal elements contesting the right to govern a part of Nigeria. When criminals can tax citizens at gunpoint, it means the state has surrendered its monopoly of force and state authority is in retreat.” The statement said it is discouraging that this could be happening in a country with one of the largest defence budgets in Africa, yet its farmers were left to bargain with warlords for their survival. It recalled that in the same Zamfara state only a few days ago about 50 people were abducted in one swoop, saying that added to this is the eerie picture of an entire town where all the people, the young, the old and the infirm had to seek refuge elsewhere for fear of bandits attacks. Abdullahi said there were other cases which showed alarming pattern suggesting that other parts of the country considered safe may not be so for long. “The pertinent question therefore is whether the Tinubu-led APC government is still in charge and can still be trusted to do its most fundamental duty, which is to protect the lives and properties of Nigerians. “We recall that in November 2014, President Bola Tinubu, leader of opposition party at the time, asked President Goodluck Jonathan to resign over the Boko Haram Challenges in The North-East of the country. His words: “If you control the armed forces and you are the Commander-in-Chief of the Armed Forces of the Federal Republic, why should any part of this country be under occupation? And you give us excuses every day. In any civilized country Jonathan should have resigned.”He said though the security situation that President Tinubu was using to campaign in 2014 had multiplied exponentially under his party and is currently enjoying great prosperity under his direct watch, no one is calling on him to resign. “The ADC does not want President Tinubu to resign. We only ask him to do his job. We also ask the pertinent question, why did the President think that the security situation in Rivers State warranted the declaration of state of emergency, but the one in Zamfara with industrial scale kidnapping and a direct challenge to the authority of the Nigerian State by way of bandit tax does not even deserve a direct comment from him,” the statement asked.It urge President Tinubu to drop whatever else that pre-occupied him and direct his attention to Zamfara State and other parts of the country menaced by bandits. “If the Tinubu administration cannot guarantee the safety of our farms and farming communities, if people could be forced to abandon their homes out of fear, then it has failed in its most basic responsibility. You cannot boast that you are in charge of your country while your citizens are negotiating their survival with criminals.”

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Oyo govt Denies Fake Pension Verification Notice

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The Oyo State Government has denied a notice currently circulating among pensioners concerning a supposed verification exercise. This is contained in statement in Ibadan on Friday by the Commissioner for Establishments and Training, Prof. Salihu Adelabu. Adelabu described as fake any message requesting pensioners to submit photocopies of their pension certificate, account details, and phone numbers to the ministry.

He urged pensioners to ignore such messages and remain vigilant against misinformation targeting retirees.
He emphasised that the ministry would contact eligible individuals only when it is their turn to receive their benefits. The Commissioner added that all official information is communicated solely through recognised and credible channels.
Adelabu advised pensioners to verify any suspicious message before acting, and reaffirmed the state’s commitment to retirees’ welfare. He said the government would continue to uphold transparency and due process in pension and gratuity matters. He also called on the public to share only verified information, saying protecting pensioners from fraud is a shared duty. (NAN)

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