NEWS
Investors Gain N795bn as GTCO Lists N4.706bn Shares

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
DHQ Rebuts Allegation of Internal Sabotage in Benue Massacre

The Defence Headquarters (DHQ) has dismissed the allegation suggesting that internal sabotage within the Nigerian military contributed to the tragic events in Yelwata, Benue.The Director of Defence Information, Brig.-Gen. Tukur Gusau, in a statement on Tuesday, said the claims were unfounded and not supported by credible evidence.
Gusau said the Nigerian military had consistently denied any involvement in the massacre. According to him, the Chief of Defence Staff (CDS), Gen. Christopher Musa, has publicly stated that the military was not responsible for the killings in Yelwata.“Furthermore, the Nigerian Military has emphasized its commitment to protecting civilians and upholding the rule of law.“There is no credible evidence to substantiate claims of internal sabotage within the military related to the Yelwata incident.“Investigations by independent bodies, including human rights organizations, have not found any links between the military and the perpetrators of the massacre.“The violence in Yelwata is part of a broader pattern of intercommunal clashes in Nigeria’s Middle Belt region, primarily between farmers and herders.“These conflicts are driven by longstanding disputes over land and grazing rights, ethnic tensions, and competition for resources,” he said.Gusau said that while the military had been deployed to maintain peace, the root causes of the violence lied in complex socio-economic and political factors.He added that attributing the Yelwata massacre to internal sabotage within the Nigerian military was misleading and detracts from the real issues at play.According to him, it is essential to focus on addressing the underlying causes of intercommunal violence and to support efforts aimed at fostering dialogue, reconciliation, and sustainable peace in the affected regions.“The CDS has only called for a holistic approach and the need for the cummunities and the security agencies to work closer to address the issue.“He also call on the communities not to hide criminals and also assure them the military ans other security agencies are there to protect lives and properties of law abiding citizens,” he added. (NAN)NEWS
Benue killing: NAF Deploys More Air Assets in Op Whirl Stroke

As part of sustained efforts to restore peace and stability across the North Central region, the Nigerian Air Force (NAF) has deployed additional air assets under Operation Whirl Stroke (OPWS).This is contained in a statement by the Director, Public Relations and Information, NAF, Air Commodore Ehimen Ejodame, on Tuesday in Abuja.
Ejodame said the strategic move had reinforced the NAF’s commitment to enhancing security, supporting ground operations, and reassuring communities affected by banditry, kidnapping, and communal unrest. He said the Chief of the Air Staff (CAS), Air Marshal Hasan Abubakar, conducted a firsthand evaluation of air operations under OPWS, to assess the effectiveness of these expanded efforts.According to him, the visit included a high-level strategic engagement held on Tuesday, at the Headquarters Tactical Air Command, Makurdi.Ejodame said the Chief of Army Staff, Lt.-Gen. Olufemi Oluyede; a representative of the Chief of the Naval Staff, Rear Adm. Olusegun Ferreira; the Commander of OPWS; and the Maritime and Air Component Commanders, alongside other key stakeholders, were part of the meeting.According to Ejodame, critical updates were provided on the current tempo of joint operations aimed at restoring lasting peace across the region.In his remarks, the CAS revealed that the newly deployed air assets had been successfully integrated into ongoing operations, delivering real-time intelligence and precision targeting support.He stated NAF aircraft had continued to conduct surveillance, armed reconnaissance, close air support, and precision strike missions with remarkable success.Abubakar noted that the current deployment aligns with the Federal Government’s overarching mission to stabilise the Middle Belt region.He highlighted the impact of recent coordinated air and ground operations across Benue, Nasarawa, and Taraba States, which have led to the dismantling of several militia camps, bandit enclaves, and criminal hideouts.“These outcomes reinforce our unwavering commitment to protecting innocent lives and supporting national peace-building initiatives.“As long as peace is threatened, our resolve remains unshaken.“The NAF will continue to deliver timely, decisive air support in synergy with sister services, ensuring the protection of lives and properties while advancing our mission of restoring peace to the Middle Belt and beyond,” he said.The Service Chiefs jointly emphasised the importance of synergy among the armed forces and other security agencies, noting that jointness remains a cornerstone for operational success under Operation Whirl Stroke.They reiterated that the ongoing operations are part of a broader goal to create a secure environment where residents can live and conduct their legitimate activities without fear. (NAN)NEWS
Tinubu Reiterates Commitment to Fast-Track Approvals for Viable Projects

President Bola Tinubu, on Tuesday restated the determination of his administration to fast-track approvals for viable infrastructural projects in the country.Tinubu, represented by Vice President Kashim Shettima, made this known at the 2025 Nigeria Public-Private Partnership (PPP) Summit on Tuesday in Abuja.
The president therefore urged private sector partner to be focused and more committed. According to him, what matters to the average Nigerian is the availability of basic infrastructure such as power, roads, health facilities and quality schools. He called for a more strengthened public-private sector partnership that emphasises innovation, efficiency, commitment and integrity above mere capital and investments.” We need more than investment. We need innovation, we need efficiency, and above all, we need integrity.” I urge you to look beyond the risks and recognise the immense opportunity to shape a nation that is not just rising, but ready.“The projects that emerge from this summit must not gather dust on paper or linger in bureaucratic limbo.” We will fast-track approvals for viable projects. We will ensure coordination across Ministries, Departments, and Agencies to enable swift implementation.“We do this because we know that what matters to the average Nigerian is not promises, but power in their homes, roads to their farms, access to clean water, modern hospitals, and quality schools. We must build.” We must deliver. And we must do it together,” he said.He observed that a 21st-century economy cannot be built on 20th-century infrastructure, pointing out that the “old model of public-only infrastructure funding is no longer sustainable.“Our national aspirations far exceed what public budgets alone can deliver. That is why we must innovate, and why we must work together.” We are not looking for investors to carry burdens. We are offering opportunities to create value.” We seek long-term partners who are ready to help us bridge our infrastructure gap with purpose and precision,” he added.Tinubu recalled that his administration, on assumption of office two years ago, was quite aware “that a functional relationship between the public and private sectors would be the magic wand of transformation.”He reaffirmed that the administration was still fully committed to that very public-private partnership that is passionate about delivering sustainable and inclusive infrastructure.” We have strengthened the Infrastructure Concession Regulatory Commission and enhanced its capacity to regulate, superintend, and de-risk PPP transactions.” We are determined to deliver infrastructure that is both sustainable and inclusive. Our economic reforms have laid a stable foundation.” From the removal of unsustainable subsidies to the liberalisation of the foreign exchange regime and the optimisation of government revenues, we have acted boldly and responsibly.“We are streamlining bureaucratic bottlenecks and improving transparency in our project pipelines.” We have aligned our processes with global best practices and investor expectations.”The President urged participants to ensure the event is “remembered not for fine speeches, but for bankable projects, signed deals, and enduring progress.”The Minister of Interior, Mr Tunji Ojo, commended the ICRC for championing game-changing projects across diverse sectors.Ojo noted that with President Tinubu and Vice-President Shettima in the saddle, Nigeria is taking its rightful place in the comity of nations.The Regional Director, Central Africa and Anglophone West Africa, IFC, Dahlia Khalifa, applauded the ongoing reform in Nigeria’s PPP framework.Khalifa acknowledged IFC’s collaboration with authorities across key sectors to achieve the country’s overall objectives and strengthening the existing relationship between the organisation and Nigeria.She added that Nigeria under President Tinubu has demonstrated strong commitments to timely and transparent resolution of disputes arising from PPP projects.Solomon Quaynor, the Vice President for Private Sector, Infrastructure and Industrialisation at the African Development Bank, said the theme of the summit implies that partnerships are not just optional but are essential.He said the infrastructure deficits “demand that the government and the private sector work together in commercially viable PPPs.”Quaynor added that the bank was working with other partners on the Lagos-Abidjan highway project to boost regional economic integration in West Africa.“PPPs are complex long-term projects. They need to be designed properly and designed to survive different political administrations because by their very nature, they are long-term,” he stated. (NAN)