Connect with us

NEWS

Investors Gain N795bn as GTCO Lists N4.706bn Shares

Published

on

Share

The Nigerian stock market opened the week on a positive note to add N795 billion to the portfolios of investors.

The performance was driven by the listing of 4.706 billion ordinary shares of Guaranty Trust Holding Company Plc(GTCO) at N44.50 per share.

Accordingly, the market capitalisation which opened at N63.

645 trillion, increased by N795 billion to close at N64.
440 trillion.

The All-Share Index also rose by 0.79 per cent to close at 104,418.95, against 103,598.46 recorded on Friday.

As a result, the Year-To-Date(YTD)return advanced to 1.45 per cent.

Market breadth closed positive with 39 gainers and 30 losers on the floor of the Exchange.

On the gainers’ chart, Beta Glass led by 9.98 per cent to close at N65, RT Briscoe followed by 9.92 per cent to close at N2.77 per share.

Access Corporation added 9.88 per cent to close at N27.80, Chellarams Plc rose by 9.83 per cent to close at N4.47 and Sky Aviation appreciated by 9.80 per cent to close at N35.40 per share.

On the losers’ chart, MRS led by 10 per cent to close at N180.90, Transcorp Hotel trailed by 9.97 per cent to close at N114.65 per share.

Eunisell dropped 9.95 per cent to close at N11.40, JohnHolt went down by 9.64 per cent to close at N7.50, while Caverton declined by 9.40 per cent to close at N2.12 per share.

Trading activity on the NGX was robust, with the value of transactions up by 54.72 per cent.

Investors traded 518.28 million shares across 17,196 deals in value of N13.3 billion, compared with 569.63 million shares exchanged in 11,282 deals worth N8.6 billion posted in the previous session.

Access Corporation led the activity chart in volume with 51 million shares exchanged across 1,053 deals, while Zenith Bank led in value of deals worth N1.7 billion.

Ahead of the week, Analysts at Cowry Asset Management Ltd., had predicted that the current positive market sentiment is expected to persist.

The analysts said this would be supported by the release of corporate earnings and anticipated corporate actions.

They noted that the financial results published so far have been encouraging, providing a foundation for sustained price support and attracting fresh capital inflows into the market.

“Moreover, the prevailing low valuation of many stocks continues to create opportunities for investors to buy into value and strategically reposition their portfolios.

“However, the market may experience bouts of volatility as the earnings season progresses.

“Mixed macroeconomic data and upcoming economic events are likely to influence market sentiment,

particularly for companies with December year-end financials,”they said.(NAN)

NEWS

N20m Isn’t Enough to Date me, Says Bloody Civilian

Published

on

Share

Nigerian singer. Emoseh Khamofu, popularly known as Bloody Civilian, has claimed that N20 million will be inadequate to date her.

She made the statement in a post on her verified X account on Thursday.

She wrote: “Thinking you can bag a dark skinned beauty like myself with 20mins delulu, doesn’t even cover melanin tax plus harmattan hyperpigmentation tax.

“Heritage preservation tax is 100 cows which would be paid directly to my ancestors (physically).

Bloody Civilian appeared on the extended play for Bob Marley’s biopic, One Love. (NAN)

Continue Reading

NEWS

KTSG Spends N9.1bn to Improve Learning in Primary Schools

Published

on

Share

The Katsina State Government has said that it has incurred an expenditure of N9.

1 billion to undertake projects and activities to improve learning in primary schools.

Alhaji Faruq Lawal-Jobe, the Deputy Governor of the state, stated this in Katsina on Friday during the monthly press briefing.

According to him, the effort through the state’s Universal Basic Education (SUBEB), was aimed at strengthening the education system at this stage.

The deputy governor further explained, “These include, among others, the construction of 160 classrooms, 81 boreholes, 46 toilets, and 20 staff quarters.

“Also, 258 classrooms were rehabilitated in addition to the provision of 612 teachers’ furniture and 14,602 two-seater pupils’ furniture.

“Furthermore, facilities such as books, teaching aids and instructional materials, namely laptop, desktop computers, tablets, solar-powered panels and inverters were provided.

“Additionally, motorcycles and vehicles were procured for effective monitoring.

“The board also conducted a series of training sessions for 274,816 officials, comprising primary school teachers and integrated Qur’anic schools teachers.”

According to him, others were the officials of Better Education Service Delivery for All, (BESDA), as well as teachers of private schools.

According to Lawal-Jobe, as part of the infrastructural development plan in schools, over N5,641 billion was expended under the ‘Transforming Education System at State Level, TESS-Project’.

This was under the ‘Better Education for Service Delivery Additional Financing (BESDA-AF), for the construction and rehabilitation of 150 primary schools across the State.

He said the projects and activities carried out included, among others, the  construction and renovation of classrooms, provision of solar-powered light and inverters, drilling of boreholes and the construction of water tanks, stores and toilets.

“To enhance monitoring and evaluation in our schools, the government has distributed 70 motorcycles to Quality Assurance Officers across 34 Local Government Areas.

“The administration has also prioritised security through installation of CCTV cameras in schools as well as providing essential learning materials, such as school bags, uniforms, and exercise books to less privileged pupils.

“These efforts have yielded positive results in the improvement in pupils enrolment as well as enhancing conducive atmosphere for learning at primary schools,” Lawal-Jobe said.

He added that the government had also unveiled the massive distribution of educational resources to primary 4–6 pupils, comprising 25,000 copies each for Mathematics, Computer Science, and English Language.

According to the deputy governor, this is in addition to the procurement of an 18-seater bus for project coordination and equipment for the School For The Blind. (NAN)

Continue Reading

NEWS

Edo Election Tribunal: PDP Presents more Witnesses in Petition Against APC’s Victory

Published

on

Share

The Peoples Democratic Party (PDP), on Friday, called more witnesses at the election tribunal to challenge the victory of All Progressives Congress (APC) and its candidate, Monday Okpebholo, in the Sept.

21, 2024 governorship election in Edo.

Five witnesses testified before the Justice Wilfred Kpochi-led three-member panel of the Edo Governorship Election Petition Tribunal sitting in Abuja.

The witnesses alleged instances of over-voting in their polling units as APC, Okpebholo and the Independent National Electoral Commission (INEC), through their lawyers, vehemently disagreed with their evidence.

The petitioners, PDP and its governorship candidate, Asue Ighodalo, are challenging the outcome of the election.

They petitioned INEC, Gov. Okpebholo, APC as 1st to 3rd respondents, respectively before the tribunal.

They prayed the tribunal to nullify the election results, alleging that the process was riddled with irregularities.

Led in evidence by the petitioners’ counsel, Rotimi Ogunesan, SAN, the 15th petitioner’s witness (PW-15), Haruna Ibrahim, a 34-year-old businessman residing in Sabo Quarters, Auchi, adopted his witness statement.

During cross-examination by the INEC lawyer, Kanu Agabi, SAN, Ibrahim admitted to signing the result sheet for his ward.

However, he clarified that he did so only to obtain a copy for his party.

When Agabi suggested that signing the result sheet indicated the election was credible, PW-15 disagreed.

Agabi then asked whether Ibrahim had lodged a formal protest regarding his grievances.

Ibrahim said: “I made a complaint to the unit officer. I protested, but not in writing. I did not file a written complaint.”

While being cross-examining by Okpebholo’s counsel, Onyechi Ikpeazu, SAN, PW-15 reiterated his claim of over-voting in his polling unit.

Ikpeazu, however, countered his statement by referring to the result sheet, which he said showed no over-voting.

“Look at the ward result containing your polling unit. The reconciled result shows no over-voting,” Ikpeazu said while displaying the document.

“In this paragraph, column 7, that is my unit column. We had over-voting in that unit.

“The total votes cast exceeded the recorded votes. I made an official protest, but my efforts for cancellation were declined,” the witness insisted.

He further alleged discrepancies between the figures recorded on the result sheet presented at the tribunal and those from the election day:

“This form is from my unit, but the figures do not correspond to the records from my unit.”

Dan Orbih, who appeared for APC,, also disagreed with the witness.

Orbih stated that the result sheet showed no over-voting and urged the witness to recount the figures himself.

The tribunal admitted the witness’ agent card as evidence upon the request by the petitioners’ counsel, despite objections from the respondents’ lawyers.

 “Court admits the agent’s card as evidence and reserves judgment on the objection to its admissibility,” the tribunal ruled.

Other witnesses who testified include Esther Okuo, a 27-year-old farmer from Igarra, Akoko-Edo LGA as 16th petitioner’s witness (PW-16); and Abubakar Uzairu, the PW-17),  a teacher from Owan East LGA.

It also included Asuluka Righteousness, a motorcyclist from Enwan in Akoko-Edo LGA as PW-18 and Mutairu Yusuf, a farmer from Agbede in Etsako West LGA as PW-19.

The tribunal adjourned hearing until Feb. 3.(NAN)

Continue Reading

Read Our ePaper

Top Stories

NEWS7 hours ago

N20m Isn’t Enough to Date me, Says Bloody Civilian

Share Nigerian singer. Emoseh Khamofu, popularly known as Bloody Civilian, has claimed that N20 million will be inadequate to date...

POLITICS7 hours ago

Sen. Nwoko Dumps PDP, Defects to APC

ShareSen. Chinedu Nwoko, a.k.a (Ned), member representing Delta North Senatorial District at the National Assembly, has formally defected to the...

NEWS8 hours ago

KTSG Spends N9.1bn to Improve Learning in Primary Schools

Share The Katsina State Government has said that it has incurred an expenditure of N9. Your browser does not support...

NEWS8 hours ago

Edo Election Tribunal: PDP Presents more Witnesses in Petition Against APC’s Victory

Share The Peoples Democratic Party (PDP), on Friday, called more witnesses at the election tribunal to challenge the victory of...

NEWS8 hours ago

World Bank Commits $1.2bn to Girls’ Education in Nigeria

Share The World Bank has announced that it has earmarked 1.2 billion dollars for investment in girls’ education across 18...

NEWS8 hours ago

APC Council Chairmen Deny Maligning Former Enugu Speaker

Share The Forum of Local Government Area Chairmen of All Progressives Congress (APC) in Enugu has denied maligning  a former...

NEWS8 hours ago

Coca-Cola Unveils  Packaging Hub to Address Waste  Collection Challenge

Share The Coca-Cola System in Nigeria, comprising of Coca-Cola Nigeria Ltd. Your browser does not support this content. and its...

NEWS8 hours ago

4 Die in Anambra Accident

Share The Federal Road Safety Corps (FRSC) in Anambra said an accident along Onitsha-Oba Expressway, Idemili South Local Government Area,...

NEWS8 hours ago

Regional Stability Tops Lake Chad Governors’ Resolutions in Maiduguri

Share Regional stability, peace and sustainable development on Friday topped the resolutions adopted at the concluded 5th edition of the...

NEWS8 hours ago

Third-Party Insurance: Feb. 1 Commencement of Enforcement Sacrosanct — Police

ShareThe Nigeria Police Force says the Feb. 1 commencement of enforcement of the mandatory Third-Party Insurance for vehicle owners nationwide...

Copyright © 2021 Daily Asset Limited | Powered by ObajeSoft Inc