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Nigerian Stock Market Launches 2024 On A Positive Note, Yielding N665.98 Billion For Investors

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 ....KINDLY READ THE FULL STORY HERE▶

The NGX All-Share Index exhibited a notable 1.63% surge, concluding the day at 75,990.88 basis points, marking a substantial increase from the previous trading day’s close at 74,773.77 basis points in 2023…CONTINUE READING

 

 

 

Additionally, the NGX Market Capitalization saw a gain of N665.98 billion, indicating positive returns for stock investors.

The year-to-date return for the NGX ASI stands at 1.63%.

The total volume traded witnessed a significant uptick of 39.93%, concluding at a value of N515.81 million, equivalent to N5.57 billion, spanning 9,370 deals.

Closing the trading session, the market boasted 49 gainers, 17 losers, and 53 unchanged stocks. Notably, AIICO Insurance (10.00%), DAAR Communication (10.00%), and Ikeja Hotel (10.00%) emerged as the top three gainers. Conversely, the top three losers were Cadbury Nigeria (-10.00%), Mecure Industries (-10.00%), and Thomas Wyatt Nigeria (-10.00%).

In the most recent market index review by NGX, various indices, including NGX 30, NGX Lotus Islamic, NGX Pension, NGX Pension Broad Index, Corporate Governance Index, Afrinvest Bank Value Index, Afrinvest Dividend Yield Index, Meristem Growth Index, Meristem Value Index, and the five Sectoral Indices of The Exchange – NGX Banking, NGX Insurance, NGX Industrial, NGX Consumer Goods, and NGX Oil & Gas were impacted.

Effective from January 2, 2024, changes resulting from the review included new entries or exits for certain indices. Notably, there were no alterations in the NGX 30 Index and NGX Consumer Goods Index.

However, the NGX Banking Index welcomed new entrants like FBN Holdings Plc, FCMB Group Plc, Guaranty Trust Holding Company Plc, and Stanbic IBTC Holdings Plc, while Jaiz Bank, Union Bank Nigeria Plc, Unity Bank, and Wema Bank exited the index.

In the NGX Insurance Index, Universal Insurance Company Plc entered, and International Energy Insurance Plc exited. The Afrinvest Dividend Yield Index incorporated MTN Nigeria Communications Plc, Vitafoam Nigeria Plc, Stanbic IBTC Holdings Plc, and NPF microfinance bank plc, with Dangote Sugar Refinery Plc, FCMB Group Plc, Cutix Plc, and Glaxo SmithKline Consumer Nig. Plc removed from the index.

The Meristem Growth Index saw the departure of CAP, Julius Berger, Presco, PZ, and Vitafoam, while welcoming Access, Fidelity, UBA, UCAP, WAPCO, and Zenith Bank. The NGX Lotus Islamic Index experienced no new entries, with Nestle Nigeria Plc exiting the index.

The indices undergo rebalancing twice a year, specifically on the first business day of January and July, utilizing the market capitalization methodology.

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UNICEF Breaks Silence! The Truth Behind The Viral Photos Of Messi And Baby Lamine Yamal!.

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UNICEF has officially authenticated the viral images of Lionel Messi bathing an infant Lamine Yamal, confirming they are not digitally altered.....KINDLY READ THE FULL STORY HERE▶

  • Origin: The images were captured over 18 years ago by Spanish photographer Joan Monfort during a UNICEF charity calendar photoshoot intended to raise funds.

  • Participants: The shoot featured a young Lionel Messi, the infant Lamine Yamal, and Yamal’s mother, Sheila.

  • Clarification: UNICEF addressed public skepticism and rumors of image manipulation by explicitly confirming the authenticity of the photos on their platform.

  • Current Roles: Both Messi and Yamal now serve as UNICEF Goodwill Ambassadors, utilizing their respective platforms to advocate for children’s rights globally.

  • Symbolism: Many fans view the resurfaced images as a symbolic “passing of the torch” between two football generations, a sentiment highlighted as Messi’s Argentina prepares to face Yamal’s Spain in an upcoming FIFA World Cup match.

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Ambassadorial Nomination Under Fire: Frank Tie Tie Exposes ‘Mistake’ Regarding Ex-FUOYE VC Fasina!.

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Human rights lawyer Frank Tietie has criticized the nomination and subsequent confirmation of Professor Abayomi Fasina, the former Vice-Chancellor of the Federal University, Oye-Ekiti, as a non-career ambassador designate.....KINDLY READ THE FULL STORY HERE▶

  • Prior to his confirmation, a coalition of civil society organizations protested at the National Assembly on July 7, 2026, opposing Fasina’s nomination due to pending court cases involving allegations of sexual harassment, human rights violations, and victimization.

  • Despite these protests, the Nigerian Senate officially confirmed Fasina’s appointment as a non-career ambassador on Thursday.

Frank Tietie’s Position

  • During an interview on ARISE Television, Tietie argued that nominating an individual with such “baggage” was a mistake, emphasizing that ambassadors represent Nigeria in the same capacity as the President.

  • Tietie stated that the government should have sent the “right signals” by avoiding such controversial appointments, especially given the current state of governance.

  • He argued that even in the absence of a final court judgment, the allegations themselves have “tainted” Fasina’s reputation, and the Senate should have delayed the confirmation until the legal matters were resolved.

  • Tietie also suggested that the National Assembly’s decision overlooks significant social changes regarding how such allegations are now viewed by society.

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“They Want Me Gone!” Peter Obi Speaks Out Amidst Mounting Assassination Fears!.

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Peter Obi, the 2027 presidential candidate for the Nigeria Democratic Congress (NDC), has publicly claimed that there was an orchestrated plan to assassinate him in April 2025 during a scheduled humanitarian trip to Benue State. He detailed these allegations during a high-level roundtable discussion in Berlin, Germany.....KINDLY READ THE FULL STORY HERE▶

  • The Venue: Obi made the disclosure while participating in the “Nigeria in 2027 and Beyond” roundtable, an event organized by the European Council on Foreign Relations (ECFR) in Berlin.

  • The Benue Incident: The former Anambra State governor explained that his planned outreach in Benue State was initially halted after the state government issued a cautionary directive advising him against making the trip.

  • The Attack: Obi claimed that a shootout actually occurred when he attempted to visit the location, confirming his fears of an active plot against his life.

  • Frustration Over Skepticism: Expressing deep disappointment over the state government’s handling of the situation and the public’s doubt regarding his safety, Obi challenged the skepticism. He emphatically asked, “What else do you need? Do you need somebody to die before you believe it? There was already a shootout when I tried to visit the place. Once they said, ‘Don’t come here.’ What else do you want me to tell you about the attempt on my life.”

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