NEWS
NGX: Investors Gain N12bn after 3-day Negative Posts

Investors gained N11.98 billion after a three-day consecutive negative trading at the nation’s equities market.
The market capitalisation stood at N27.807 trillion, representing a 0.04 per cent, an increase from the N27.795 trillion recorded at close of trade on Tuesday.
The gains were recorded majorly on trading of banks’ stocks such as Guaranty Trust Holding Company(GTCO), United Bank for Africa (UBA), Sterling Bank, among others.
Also, the All Share Index (ASI) marginally gained one basis point to close at 51,7563.
73 points from 51,556.54 points on Wednesday.This made the month-to-date and year-to-date performance to stand at 0.49per cent and
20.
The market breadth was positive with 15 stocks in the gainers’ chart as against 10 in the losers’ chart.
Academy Press recorded the highest price gain of 9.55 per cent to close at N1.72 per share.
NAHCO followed with a gain of 9.41 per cent to close at N9.30 per share, while FTNCocoa rose by 9.38 per cent to close at 35k per share.
Honey Flour rose by 9.39 per cent to close at N2.97, while Ikeja Hotel gained 8.20 per cent to close at N1.32 per share.
On the other hand, RT Briscoe led the losers’ chart by 8.11 per cent each, to close at 34k per share.
UPDC depreciated by 7.87 per cent to close at N1.17 per share.
Regal Insurance followed with a decline of 7.41 per cent to close at 25k per share, while Japaul Gold lost 3.45 per cent to close at 28k per share.
Also, First Bank of Nigeria Holdings (FBNH) lost 3.20 per cent to close at N10.60 per share.
Meanwhile, shares of JaizbBank led the volume chart with 42.10 million shares valued at N36.61 million.
GTCO followed with 19.45 million shares worth N396.76 million, while Sterling Bank traded 9.41 million shares valued at N14.08.
UBA traded 6.87 million shares valued at N51.37 million, while NAHCO traded 5.18 million shares worth N46.14 million.
Market activity as measured by volume of trades rose to 143,288 million units of shares, representing 5.94 per cent increase 135.259 million units traded the previous day.
Also, the value of traded stocks went up by 22.07 per cent, standing at 1.756 billion as against a value of 1.439 billion recorded on Wednesday.(NAN)
NEWS
No Casualty as Three-storey Building Collapses Story Building — NEMA

The National Emergency Management Agency on Saturday confirmed that there was no casualty in the three-Storey building that collapsed at Ikpoh Street, Surulere, Lagos.
Mr Ibrahim Farinloye, Territorial Coordinator, NEMA, confirmed the incidence to the News Agency of Nigeria (NAN) in Lagos.
The building came down at about 10.00 p.
m. on Friday night at No. 14 Ikpoh Street Surulere.Meanwhile, an occupant of the building, Mr Gervase Anyanwu, a buisiness man, told NAN that all the other occupants were able to run out of the building before it came down completely.
Anyanwu said that before the building came down, there was a large sound at one of its wings.
“Immediately we heard the sound, all the occupants of the building gathered at the mustard point, before evacuating for safety.
“No casualty was recorded,” Anyanwu said.
Anyanwu said the immediate evacuation of the occupants was “simply by the grace of God”.
However, NAN gathered from another resident of the street that the building had shown serious signs of distress before it came down.
As at the time of this report, excavation of the rubbles from the building was yet to commence, but all the relevant government agencies in charge of emergency had shown their presence at the site. (NAN)(
Media
Minister of Information Charges Advertising Agencies on Value Orientation

Minister of Information and National Orientation, Mohammed Idris, has urged the Association of Advertising Agencies of Nigeria (AAAN) to support the Ministry in its quest to promote value orientation in the country. He was speaking at the 50th Annual General Meeting of AAAN, held at the International Conference Centre, Abuja, on Friday 21st September 2023
The Minister, who was represented by the Director of Public Communication and National Orientation, Sunday Baba, pledged the government’s commitment to delivering good governance.
The Minister, while acknowledging the immeasurable contributions of the association to national development, commended it for achieving the milestone of 50 years, adding that in the past five decades, AAAN has demonstrated a commitment to excellence.
professionalism and ethical standards in the field of advertising.“Advertising plays a pivotal role in shaping public perception, driving economic growth, and fostering creativity and innovation,” He said, adding that the dedication shown by the association has not only propelled the industry forward but has also inspired countless individuals and organizations to strive for greatness,” the minister said.
The Minister further explained that the Ministry is mindful of the critical importance of effective communication, a role that advertising Agencies play when disseminating information, promoting national unity, and positive change.
He thanked the Association for its unwavering commitment to promoting and upholding ethical standards in the advertising profession, which has contributed to the growth and development of the nation.
Speaking earlier, Steve Babaeko, The president of the Association of Advertising Agencies of Nigeria (AAAN) paid tribute to the founding fathers of the association, saying the small seed they planted in 1973, has grown into a mighty tree, providing shade and job security for countless professionals across our great nation.
“Despite challenges faced by the industry, I firmly believe that the future of our industry holds promise. By standing united as members of the same family, we can navigate these challenges and emerge stronger,” he said.
He extended his gratitude to the numerous brands that they nurtured over the past five decades, for their unwavering support and patronage.
CRIME
Group Moves to End Cultism in Benue South

From David Torough, Makurdi
A Socio-cultural organization, Ede-ma Development Association (EDE-MA), has backed Edumoga Youth Movement (EYM) and Edumoga Youth Association in its efforts to abolish cultism in Edumoga District of Okpokwu local government area of Benue State.
EYM had recently embarked on a land cleansing ritual, which involved oath-taking by especially youths living in Edumoga District to denounce cultism following a bloodbath arising from cult killings among rival groups.
The cult killings had shutdown the Polytechnic town of Ugbokolo, Ichakwu and Efoyo as well as Amejo Council Ward in the local government area for over two weeks as rival cult groups went on rampage and killed members of rival groups.
.In a statement signed by EDE-MA’s National President and Secretary, Okoh Michael Agbam and Matthew Oboyi, on Friday, the organisation declared total support to the EYM in their battle but cautioned the group to carry out the initiative in accordance with the culture and tradition of the Idoma nation.
EDA questioned alleged inaction by the police in Okpokwu local government when rival cult groups reportedly killed about 10 persons including an innocent youth, which led to a protest.
The police hastily arrested the youth leader of EYM in charge of Ugbokolo, John Agboji Audu, following a petition with unproven allegations by a suspected cult leader in Benue South, John Okwori.
EDE-MA urged the police to do a background check on the petitioner and release the youth leader unconditionally.
It also called on the Benue State Government to set up a panel to investigate increasing cult activities in Benue South, in particular and the state in general.
The socio- cultural organization said, it had kept mute since the commencement of the cult killings because it had thought that security agencies, especially the police, were on ground in the crisis areas to restore public order and confidence.
“Our calm resolve not to immediately speak out was informed by the logic that doing so might be too pre-emptive without proper understanding of the underlying issues surrounding the violence, and of course, it could also be mistaken for outright bias.
“Secondly, we had also expected that the security agencies, especially the Nigerian Police Force, are fully on ground and therefore ought to have quickly responded to such open criminality to restore public order and confidence. This was however not the case in view of the litany of violence in which cult groups openly chase and hack perceived rivals to death in broad day light,” Agbam and Oboyi said in the statement.
“We believe that the vacuum created by police inaction may have inspired protests that ultimately degenerated to mob actions by angry residents following the cult killings, which the Edumoga Youth Association (EYA) and Edumoga Youth Movement (EYM) eventually had to intercede and moderate to restore order,” it also said.
EDE-MA commended EYA and EYM for what it described as strategic initiative to end the malaise of cultism in Edumoga land by enjoining the youth, community and traditional leaders in Amejo, Okonobo and Ugbokolo wards to take oath not to belong to any cult group.
“We had restrained ourselves from making any public comment on the recent unfortunate cult violence that had rocked and literally grounded Ugbokolo Town and surrounding communities of Amejo and Okonobo wards in Edumoga District of Okpokwu Local Government Area of Benue State.
“Secondly, we had also expected that the security agencies, especially the Nigerian Police Force, are fully on ground and therefore ought to have quickly responded to such open criminality to restore public order and confidence. This was however not the case in view of the litany of violence in which cult groups openly chase and hack perceived rivals to death in broad day light.
“We believe that the vacuum created by police inaction may have inspired protests that ultimately degenerated to mob actions by angry residents following the cult killings, which the Edumoga Youth Association (EYA) and Edumoga Youth Movement (EYM) eventually had to intercede and moderate to restore order.
“We wish to use this opportunity to commend the resolve of both EYA and EYM for their intervention that ended the daily cult killings. We equally commend them for the strategic initiative to end the malaise of cultism in Edumoga land by enjoining the youth, community and traditional leaders in Amejo, Okonobo and Ugbokolo wards to take oath not to belong to any cult group.
“While the initiative or strategy of oath-taking to renounce cultism may not be fool proof, it is however a traditional method with proven capacity to eliminate or appreciably reduce the menace of cultism and other forms of criminality from Edumoga. In this regard, we enjoin especially the traditional rulers in Edumoga District to give their support and ensure that the exercise is conducted with utmost decorum and civility in line with our culture and tradition.
“As a law-abiding and development-conscious organisation, Ede-ma Development Association (EDE-MA) is worried that the police who are on ground in Ugbokolo and Okpokwu LGA, and who were helpless in the face of the rampant cult killings in Ugbokolo for over two weeks without making a single arrest suddenly leapt to action on the basis of a mere petition by no other person but an alleged cult leader, John Okwori, against Agboji John Audu and some EYA and EYM leaders.
“While we do not, and will never, support a resort to self-help, jungle justice or any form of criminality, we are surprised that the police responded to Mr Okwori’s petition in the manner they did when they failed to undertake any preliminary investigation of the matter, including background checks on the character of the petitioner.
“We are appalled that the police seem to have ignored about 10 homicide incidents and prioritised and prosperity everywhere,” the statement concluded.