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Stock Market Sustains Bullish Trend, Investors Gain N260bn

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The Nigerian stock market maintained a bullish trend yesterday with investors’ net worth appreciating by N260 billion..

Market capitalisation rose by N260 billion to close at N30.400 trillion from N30.140 trillion recorded on Monday.

Also, the All-Share Index increased by 477.

84 points or 0.89 per cent to close at 55,806.
26 against 55,328.42 recorded on Monday.

The positive performance of the market was driven by price appreciation in large and medium capitalised stocks which include Dangote Cement, Oando and Tier-one stocks such as Guaranty Trust Holding Company (GTCo), Zenith Bank, amongst others.

Market breadth was positive as the 28 stocks were on the gainers’ table while five were on the losers’ chart.

MRS dominated the gainers’ chart in percentage terms with 10 per cent to close at N36.85 per share.

Stanbic Bank followed with 9.88 per cent to close at N41.70, while C&I Leasing rose by 9.64 per cent to close at N3.98 per share.

Oando and McNichols inched higher by 9.09 per cent each to close at N4.80 and 72k per share respectively.

Flour Mills Nigeria rose by 8.44 per cent to close at N32 per share.

Conversely, Multiverse Mining and Exploration led the losers’ chart in percentage terms by 10 per cent to close at N3.96 per share.

Computer Warehouse Group trailed with 9.09 per cent to close at 90k per share.

Chams shed 7.14 per cent to close at 26k while RT Briscoe increased by 3.57 per cent to close at 27k per share.

Also, the total volume of shares traded increased by 185 per cent to 237.17 million shares valued N4.39 billion exchanged in 4,435 deals.

This was against a total of 149.78 million shares worth N1.54 billion achieved in 3,186 deals on Monday.

Transactions in the shares of Fidelity Bank topped the activity chart with 39.8 million shares valued N201.97 million.

Zenith Bank came second with 34.25 million shares worth N907.54 million while Oando traded 22.57 million shares valued N109.1 million.

Transcorp sold 17.83 million shares worth N23.26 million, while GTCo transacted 10.37 million shares worth N274.65 million. (NAN)

POLITICS

Kaduna Senatorial Aspirants Sign Peace Pact Ahead APC Primaries

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From Agbo Emmanuel, Kaduna

Ahead of the forthcoming party primaries, senatorial aspirants across the three senatorial zones of Kaduna State on Saturday have signed a peace pact aimed at ensuring violence free and credible electoral processes within their political parties.

The peace accord was signed during a meeting held at the Kaduna State Police Headquarters, bringing together leading political stakeholders, aspirants, and representatives from across the state.

Among those present at the event were former Kaduna State Governor, Mukhtar Ramalan Yero; Senator representing Kaduna North Senatorial District, Ibrahim Khalid Mustapha; former Senator representing Kaduna South, Danjuma Tella La’ah; former Speaker of the Kaduna State House of Assembly, Yusuf Ibrahim Zailani; former Labour Party senatorial candidate for Kaduna South in the 2023 elections, Engr.

Michael Ayuba Auta; Ambassador Yerima Usman Shettima; alongside other aspirants and political stakeholders.

Speaking after the exercise, Auta described the signing of the peace pact as a demonstration of the collective commitment of aspirants toward peaceful, transparent, and credible party primaries ahead of the 2027 general elections.

He noted that the agreement would encourage issue based campaigns, mutual respect among political actors, and strict adherence to democratic principles and party guidelines.

According to him, all aspirants at the meeting reaffirmed their commitment to political maturity, peaceful conduct, and respect for due process before, during, and after the primary elections.

He added that participants also resolved to reject violence, intimidation, hate speech, and every form of political conflict capable of threatening party unity and democratic stability in the state.

Auta commended the Nigeria Police Force and other security agencies for what he described as proactive measures aimed at sustaining peace and political stability across Kaduna State.

He said the peace pact marked an important step toward strengthening internal democracy, fostering unity among party members, and ensuring credible leadership selection ahead of the next general elections.

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POLITICS

2027: Adekoya Drops Senatorial Ambition, Picks House of Reps Nomination Form

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By Mike Odiakose, Abuja

The former Deputy Minority Whip of the House of Representatives, Hon. Abdel-Majid Adesegun Adekoya, has formally heeded to the overwhelming call from the people of Ijebu North/Ijebu East/Ogun Waterside Federal Constituency to drop his senatorial bid and contest for the House of Representatives seat.

This development followed extensive consultations with party leaders, traditional rulers, youth groups, women’s associations, and stakeholders across the three local government areas.

In a deliberate act of commitment to grassroots development, he has dropped his earlier senatorial ambition and opted to return to the House of Representatives, where he believes he can deliver more direct and immediate impact to the constituency.

Hon. Adekoya represented Ijebu North, Ijebu East, and Ogun Waterside in the House of Representatives from 2015 to 2023.

During his tenure, he set a record of performance that remains unmatched before and after his time in office.

His legislative record includes the sponsorship of bills, construction and rehabilitation of roads, schools, bridges, and other critical infrastructure, as well as life-changing empowerment programs for youths, market women, traders, and the aged.

Beyond these, he initiated and waited for completion of landmark legacy projects that continue to define development across the constituency.

These include: the Vintage Orimolusi Palace, Ijebu-Igbo; Ago-Iwoye City Stadium, Ago-Iwoye; Imusin-Ajina Shopping Centre, Imusin; International Infertility and Maternity Hospital (Annex of FMC, Abeokuta), Ako, Ago-Iwoye and Senator Prince Buruji Kashamu Skill Acquisition Centre, Atikori, Ijebu-Igbo.

Others are Oni Ultra-Modern Jetty, Ogun Waterside; Oke-Agbo Multipurpose Centre, Oke-Agbo, Ijebu-Igbo and Demiji Farmers Camp, Ibiade, Ogun Waterside.

Speaking on the decision, Hon. Adekoya stated that his decision to drop the senatorial post for the House of Representatives was driven solely by the passionate appeal of the people who asked him to come back and continue the work of building and defending their interests in Abuja.

“I have listened to my people. I have heard their call. I chose to drop the senatorial ambition because the House of Representatives is where I can serve you directly and deliver the most immediate results for Ijebu North, Ijebu East, and Ogun Waterside. We started something together, and it is time to finish it and do more,” he said.

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POLITICS

NDC Chairman Pushes For Credible Candidates in 2027 General Elections

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From Ene Asuquo, Calabar

As 2027 general elections in the Country gathers momentum, the Cross River State Chairman of Nigeria Democratic Congress (NDC), and former chairman of Inte-party Advisory Council (IPAC), Goddie Akpama, has called on political parties across the country to prioritize the presentation of credible candidates.

Akpama made the call while answering questions from our correspondent Friday in Calabar.

He said that the future of Nigeria’s democracy depends solely on the quality of individuals put forward for elective positions.

 He stressed that parties must move away from rewarding loyalty with tickets urging leadership of political parties to focus on competence, character, and candidates’ track record.

“The time has come for political parties to stop recycling names and to begin to present people who have the capacity to serve the people,” Akpama said.

“If we continue to field candidates who lack integrity and vision, we will keep getting the same cycle of poor governance.”

The NDC chairman also advocated for free, fair, and credible elections in 2027, urging the electoral umpire,the Independent National Electoral Commission (INEC) to remain neutral and impartial.

 According to him, an unbiased electoral umpire is critical to ensuring that the will of the people prevails at the polls.

“We want an electoral process where every vote counts and where no party enjoys undue advantage,” Akpama stated.

“INEC must stand firm as an independent institution so that the outcome of the elections reflects the true choice of Nigerians.”

He warned that failure to guarantee a level playing field would only deepen public distrust in the electoral system and open the door for incompetent individuals to assume positions of authority.

 “When elections are compromised, it is the people who suffer because those who emerge are not accountable,” he said.

Akpama further called on civil society organizations, the media, and citizens to remain vigilant and demand transparency from both political parties and election managers. He noted that credible elections require collective responsibility, not just the effort of the electoral body alone.

The NDC chairman said his party was committed to presenting candidates who meet the highest standards of public service.

 “In 2027, Nigerians deserve better. We must elect leaders who understand the challenges of our time and have the competence to address them,” he said.

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