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NGX Trading Continues Amid Strike, Investors Lose N103bn

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NGX Trading Continues Amid Strike, Investors Lose N103bn....KINDLY READ THE FULL STORY HERE▶

The equity market on the Nigerian Exchange (NGX) began the week on a downward trend, halting the previous session’s gains as investors lost N103 billion. This decline was driven by sell-offs in Tier-one banking stocks and cautious trading behaviors……..CONTINUE READING

 

 

 

Key stocks such as FBN Holdings, United Bank For Africa (UBA), Access Corporation, Fidelity Bank, Transnational Corporation, Nigerian Breweries, WAPCO, and ETranzact experienced declines, contributing to the market’s weak performance.

As a result, the market capitalization, which started at N56.172 trillion, dropped by N103 billion or 0.18 percent, closing at N56.069 trillion. The All-Share Index also fell by 0.18 percent or 112 points, settling at 99,118.86, down from 99,300.38 recorded on Friday. Consequently, the Year-To-Date (YTD) return decreased to 32.56 percent.

Despite the ongoing indefinite strike by workers under the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), the losses recorded on the Exchange were unrelated to these industrial actions. Haruna Kebira, a stockbroker with Global View Capital Ltd., clarified that trading on the Exchange is typically unaffected by national strikes, as the NGX does not belong to any workers’ union. Therefore, labour strikes do not interrupt trading activities on the Exchange.

Kebira noted that the first week of a new month often sees a slowdown in activities, which might lead to losses like those experienced. He attributed the bullish trend observed last week to month-end effect activities and expressed optimism that the market would pick up positively by mid-week. He added that June is usually a positive month for the market, as investors reinvest dividends received, which should help the market rebound.

Despite the downturn, the market breadth closed positively with 23 gainers and 17 losers. Cornerstone Insurance and Deap Capital Management and Trust Plc led the gainers, each rising by 10 percent to close at N2.09 and 44k per share, respectively. Oando followed with a 9.75 percent increase to close at N12.95, while Veritas Kapital Assurance rose by 8.47 percent to 64k and RTBriscoe gained 8.33 percent to close at 52k per share.

Conversely, ETranzact led the losers, dropping 9.82 percent to close at N5.05. Unity Bank closely followed with a 9.80 percent decline to N1.38 per share. Jaiz Bank fell by 9.65 percent to N2.06, McNichols Plc shed 9.09 percent to close at N1.00, and Japaul Gold lost 4.78 percent to finish at N1.99 per share.

The analysis of market activities showed a decrease in trade turnover compared to the previous session, with transaction value down by 38.92 percent. A total of 349.59 million shares valued at N5.24 billion were exchanged in 8,082 deals, compared to 434 million shares valued at N8.58 billion exchanged in 8,525 deals in the previous session.

Veritas Kapital led the activity chart in volume with 57.95 million shares worth N35.94 million. Guaranty Trust Holding Company (GTCO) led in value with 47.63 million shares valued at N47.63 billion. Access Corporation traded 46.32 million shares worth N796.32 million, AIICO Insurance transacted 30.71 million shares worth N30.79 million, and Regency Alliance Insurance sold 14.55 million shares valued at N5.64 million.

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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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