NEWS
Bua Cement, MTNN, Lift NGX by N237bn
Bullish sentiments persisted on the Nigerian Exchange (NGX) Ltd on Thursday with the market capitalisation increasing further by N237 billion due to investors’ sentiment in bellwethers.
The bellwethers are BUA Cement, MTN Nigeria Commnuciations (MTNN) and Airtel Africa.
Specifically, the market capitalisation surged by N237 billion to close at N21.
764 trillion against N21. 526 trillion posted on Wednesday.Similarly, the All-Share Index expanded by 454.40 points or 1.10 per cent to close at 41,704.11 from 41,249.71 achieved on Wednesday.
Consequently, month-to-date and year-to-date gains increased to 3.7 per cent and 3.6 per cent, respectively.
The market positive performance was driven by price appreciation in large and medium capitalised stocks which are; Airtel Africa, BUA Cement, Nigerian Breweries, Nigerian Exchange Group and MTNN.
Analysts at Afrinvest Limited said, “ In the final trading session of the week, we anticipate a pullback occasioned by profit-taking activities.”
Consequently, the market breadth closed positive with 23 gainers as against 18 losers.
Cutix drove the gainers’ chart in percentage terms with 10 per cent to close at N5.50 per share.
Nigerian Exchange Group followed with 9.79 per cent to close at N23.55, while Consolidated Hallmark Insurance appreciated by 9.09 per cent to close at 60k per share.
Nigerian Breweries went up by 7.41 per cent to close at N51.45, while BUA Cement appreciated by 6.12 per cent to close at N72 per share.
On the other hand, The Initiates Plc (TIP) led the losers’ chart in percentage terms by 8.51 per cent to close at 43k per share.
Neimeth International Pharmaceuticals followed with 4.86 per cent to close at N1.76, while Universal Insurance lost 4.76 per cent to close at 20k per share.
Nigerian Aviation Handling Company shed 3.61 per cent to close at N3.47, while Unity Bank and Royal Exchange depreciated by 3.51 per cent each to close at 55k per share.
The total volume of trades declined by 56.7 per cent to 216.19 million units valued at N3.38 billion exchanged in 4,272 deals.
This was in contrast with a turnover of 499.51 million shares worth N5.08 billion exchanged in 5,998 deals on Wednesday.
Transactions in the shares of FBNH topped the activity chart with 51.92 million shares valued at N628.33 million.
Ecobank Transnational Incorporated followed with 20.02 million shares worth N143.69 million, while Transcorp traded 14.65 million shares valued at N14.97 million.
Access Bank traded 13.03 million shares worth N124.23 million, while Fidelity Bank transacted 12.48 million shares worth N34.16 million. (NAN)
NEWS
FCT Traditional Ruler Donates N1m to Support Tinubu’s Reelection
By Laide Akinboade, Abuja
The Agaba of Jiwa Chiefdom in Abuja Municipal Area Council (AMAC), Alhaji Idris Musa, has supported Federal Capital Territory (FCT) Renewed Hope Ambassadors, a group working for the reelection of President Bola Tinubu, with a sum of N1 million.
The traditional ruler made the donation when members of the Renewed Hope Ambassadors were led to his palace by its Coordinator, Hon Adamu Abdullahi, on Wednesday.
The monarch expressed profound appreciation to Tinubu for his leadership and his choice of Minister for the FCT, praising the President for appointing Nyesom Wike and further commending him for finding Hon Adamu Abdullahi, whom he described as his son, worthy of coordinating the Renewed Hope Ambassadors in the FCT.
He declared his unreserved commitment to the President’s reelection, stating that within his influence in the FCT and beyond, he would personally lead efforts to mobilise support for President Tinubu.
Alhaji Idris Musa emphasised that the people must show appreciation for what he described as a laudable and brotherly gesture extended to the people of Abuja through inclusive governance and meaningful appointments.
In his address, the Renewed Hope Ambassadors’ Coordinator commended the administration of President Tinubu for its deliberate and inclusive approach to governance, particularly its attention to the FCT.
He highlighted key appointments, infrastructure projects, and policy directions aimed at positioning Abuja as a true national capital reflective of unity and shared prosperity.
Abdullahi further stressed the importance of traditional institutions in sustaining development, urging royal fathers to adopt deliberate engagement with village heads and community leaders.
He sought the consent of the Agaba of Jiwa to allow the Renewed Hope Ambassadors engage tribal chiefs across the various communities within his domain, noting that peaceful coexistence remained the foundation upon which sustainable development in the capital must rest.
Foreign News
Trump Expands US Travel Ban to Five More Countries
President Donald Trump has expanded a US travel ban, barring nationals of five additional countries and people travelling on Palestinian Authority-issued documents from entering the US.
The White House said the restrictions were intended “to protect the security of the United States” and will come into force on 1 January.
Full-entry restrictions will be imposed on people from Burkina Faso, Mali, Niger, South Sudan and Syria as well as Palestinian Authority passport holders.
The administration also moved Laos and Sierra Leone, which were previously subject to partial restrictions, to the full ban list and put partial restrictions on 15 other countries, including Nigeria, Tanzania and Zimbabwe.
Trump, who has tightened immigration controls since returning to the White House in January, said the expanded travel ban was necessary because of what his administration described as failures in screening and vetting systems overseas.
Officials cited high visa overstay rates, unreliable civil records, corruption, terrorist activity and a lack of cooperation in accepting deported nationals.
The announcement followed the arrest of an Afghan national suspected of shooting two National Guard troops over the Thanksgiving weekend, an incident the White House pointed to in highlighting its security concerns.
This is the third time Trump has imposed a travel ban.
During his first term, he introduced a similar order in 2017, which sparked protests and legal challenges at home and abroad. The policy was later upheld by the US Supreme Court.
The White House said the restrictions would remain in place until affected countries show “credible improvements” in identity management, information-sharing and cooperation with US immigration authorities.
A number of exceptions apply and the ban will not affect lawful permanent residents, many existing visa holders, diplomats, or athletes travelling for major sporting events. Officials said case-by-case waivers would also be available where travel is deemed to be in the national interest.
Countries with full restrictions:
Afghanistan, Burkina Faso, Burma, Chad, Equatorial Guinea, Eritrea, Haiti, Iran, Laos, Libya, Mali, Niger, Republic of the Congo, Sierra Leone, Somalia, South Sudan, Sudan, Syria, Yemen
Individuals travelling on Palestinian Authority issued or endorsed travel documents are also subject to a full suspension of entry
Partial restrictions:
Angola, Antigua and Barbuda, Benin, Burundi, Côte d’Ivoire, Cuba, Dominica, Gabon, Gambia, Malawi, Mauritania, Nigeria, Senegal, Tanzania, Togo, Tonga, Venezuela, Zambia, Zimbabwe
Special case:
Turkmenistan (restrictions remain for immigrants but have been lifted for non-immigrant visas).
NEWS
Farouk Ahmed, Gbenga Komolafe Resign after Dangote Petition
By Eze Okechukwu, Abuja
President Bola Tinubu has nominated new chief executives for Nigeria’s two foremost petroleum regulatory agencies following the resignation of their heads, Engineers Farouk Ahmed and Gbenga Komolafe.
In separate letters to the Senate yesterday, the President requested the confirmation of Oritsemeyiwa Amanorisewo Eyesan as Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and Engineer Saidu Aliyu Mohammed as Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
The nominations followed the voluntary exit of Ahmed, who headed the NMDPRA, and Komolafe, the pioneer CEO of the NUPRC.
Both men were appointed in 2021 by former President Muhammadu Buhari after the enactment of the Petroleum Industry Act (PIA), which created the two regulatory bodies to oversee reforms in Nigeria’s oil and gas industry.According to a State House press release by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, Tinubu urged the Senate to expedite the confirmation process to ensure continuity and stability in the regulation of the petroleum sector.
Eyesan, a seasoned industry professional, is an Economics graduate of the University of Benin and spent nearly 33 years with the Nigerian National Petroleum Company Limited (NNPC) and its subsidiaries. She retired as Executive Vice President, Upstream, in 2024, and previously served as Group General Manager, Corporate Planning and Strategy, from 2019 to 2023.
Engineer Saidu Aliyu Mohammed, born in 1957 in Gombe State, is a Chemical Engineering graduate of Ahmadu Bello University, Zaria. He has held several strategic positions in the oil and gas industry, including Managing Director of the Kaduna Refining and Petrochemical Company and the Nigerian Gas Company. He also served as Group Executive Director and Chief Operating Officer, Gas and Power Directorate at NNPC.
Mohammed has chaired the boards of the West African Gas Pipeline Company, Nigeria LNG subsidiaries and NNPC Retail, and played key roles in major national projects such as the Escravos–Lagos Pipeline Expansion, the Ajaokuta–Kaduna–Kano (AKK) Gas Pipeline and Nigeria LNG Train developments.
The President expressed confidence that the nominees’ experience and expertise would strengthen the implementation of the Petroleum Industry Act and advance reforms across Nigeria’s oil and gas value chain.

