NEWS
Stock Market Opens 2025 with N155bn Gain

The stock market started the year on a strong note, delivering an impressive N155 billion profit to investors on the first trading day.
The positive performance was driven primarily by gains in Tier-one banking stocks, namely, Zenith Bank, United Bank for Africa (UBA) and FBN Holdings, Access Corporation, among other equities.
Specifically, the market capitalisation, which opened at N62.
763 trillion, gained N155 billion or 0. 25 per cent to close at N62.918 trillion.The All-Share index also gained 0.25 per cent or 254 points, to close at 103,180.14, against 102,926.40 reported on Tuesday.
As a result, the Year-To-Date (YTD) return stood at 0.25 per cent.
Market breadth also closed positive with 58 gainers and eight losers.
Cornerstone Insurance, Cutix Plc, International Energy Insurance Plc, NCR Nigeria and Axa Mansard Insurance led the gainers’ chart by 10 per cent each to close at N3.96, N2.53, N1.87, N5.50 and N9.02 per share, respectively.
On the losers’ side, Ellah Lakes Plc led by 4.75 per cent to close at N3.01, National Salt Company trailed by 4.31 per cent to close at N30 per share.
Computer Warehouse Group also lost 3.25 per cent to close at N7.45, Fidelity Bank dropped 2.86 per cent to close at N17, while International Breweries Plc shed 0.90 per cent to close at N5.50 per share.
Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 85.95 per cent.
A total of 829.75 million shares valued at N5.67 billion were exchanged in 11,752 deals, compared with 437.76 million shares valued at N40.34 billion exchanged in 8,830 deals, posted in the previous session.
Meanwhile, Royal Exchange led the activity chart in volume with 290.99 million shares while Access Corporation led in value of deals worth N430.78 million.(NAN)
Foreign News
Pope Leo XIV Election Excites Former Employers, Students

The election of Pope Leo XIV, formerly Cardinal Robert Prevost of Chicago, has ignited pride and celebration at St. Rita of Cascia High School, where the new pope once served as a teacher.
The 69-year-old Augustinian cardinal’s historic rise as the first American pope was met with elation across his former school community.
Students and faculty remembered him not just as a religious leader but as a humble and compassionate mentor.
Leo was born in Chicago and graduated with a degree in mathematics from the University of Villanova in Pennsylvania in 1977.
He also studied religion at the Catholic Theological Union of Chicago.
In 1982, he received a doctorate in church law from the Pontifical University of St Thomas Aquinas in Rome before being sent to serve in a Catholic mission in Peru.
In 2023, he became prefect of the Dicastery for Bishops, a key Catholic administrative body, based in Rome
He succeeds Pope Francis who died on April 21. The late pontiff made Prevost a cardinal in September 2023.(AA/NAN)(www.nanne
The election of Pope Leo XIV, formerly Cardinal Robert Prevost of Chicago, has ignited pride and celebration at St. Rita of Cascia High School, where the new pope once served as a teacher.
The 69-year-old Augustinian cardinal’s historic rise as the first American pope was met with elation across his former school community.
Students and faculty remembered him not just as a religious leader but as a humble and compassionate mentor.
Leo was born in Chicago and graduated with a degree in mathematics from the University of Villanova in Pennsylvania in 1977.
He also studied religion at the Catholic Theological Union of Chicago.
In 1982, he received a doctorate in church law from the Pontifical University of St Thomas Aquinas in Rome before being sent to serve in a Catholic mission in Peru.
In 2023, he became prefect of the Dicastery for Bishops, a key Catholic administrative body, based in Rome
He succeeds Pope Francis who died on April 21. The late pontiff made Prevost a cardinal in September 2023.(AA/NAN)

Pope Leo XVI Celebrates First Mass in Sistine Chapel
Robert Francis Prevost, now Pope Leo XIV,on Friday presided over the first large mass following his election.
The new pontiff was joined by cardinals in the Sistine Chapel in the Vatican, a day after he was chosen on Thursday as the successor to pope Francis.
The US born cleric, who also has a Peruvian citizenship, entered the ornate chapel in the Apostolic Palace, accompanied by singing, dressed in a long white robe and wearing a traditional mitre.
He wore dark shoes, not the red shoes worn by many previous popes, which his predecessor Francis had also eschewed.
The cardinals likewise wore white robes with gold embellishments,the chapel is the same location where the cardinals elected Prevost as pope during the conclave.
The pope is the leader of 1.4 billion Catholics worldwide.
While, the faithful are eager to see how Leo will shape the Catholic Church.
The new pontiff has a packed schedule for the coming days, including an expected appearance at around midday on Sunday on the balcony of St Peter’s Basilica for the traditional Regina Coeli prayer.
Around 100,000 people cheered him in St Peter’s Square on Thursday after white smoke emerged from the chimney of the Sistine Chapel, signaling that a new pontiff had been chosen. (dpa/NAN)
Metro
CAN Congratulates Catholic Church on Election of Pope Leo XIV

The Christian Association of Nigeria (CAN) has sent its congratulatory message to the Roman Catholic Church on the election of Pope Leo XIV.
CAN President Archbishop Daniel Okoh, in a statement on Friday, said that this significant milestone brings joy to Catholics worldwide, and CAN joins in celebrating this momentous occasion.
”The emergence of Pope Leo XIV signifies renewal and hope for the Catholic Church,” he said, adding ”CAN is confident that the new Pontiff will advance peace, justice, and inclusiveness, continuing the legacy of his predecessors.
”CAN prays that Pope Leo XIV’s pontificate be blessed with wisdom, good health, and strength to lead God’s people on the path of righteousness.
“May God guide and strengthen him in his ministry,” the statement says.
The Cardinal Robert Francis Prevost of the U.S. was elected as the 267th pope, taking the papal name Pope Leo XIV.
The announcement was made from the balcony of St. Peter’s Basilica, where Cardinal Dominique Mamberti declared “Habemus Papam” to the cheering crowds gathered in St. Peter’s Square.
Pope Leo XIV, aged 69, is the first American pope in history and a former Superior General of the Augustinians.
He succeeds Pope Francis, the 266th pontiff of the Catholic Church and the first from Latin America who died on April 21, at the age of 88. (NAN)