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ECOWAS reaffirms commitment to regional stability, integration

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ECOWAS reaffirms commitment to regional stability, integration



The ECOWAS Council of Ministers has reaffirmed its commitment to ensuring regional stability and integration in the region.

The Council made this known at the end of its 95th Ordinary Session of the ECOWAS Council of Ministers held between Dec. 10 and Dec. 12, in Abuja.

Amb. Timothy Kabba, Chair of the Ministerial Council and Minister of Foreign Affairs of Sierra Leone, expressed the council’s commitment to strengthening regional peace, security, and economic integration.

He also commended Member States for their open, constructive, and productive deliberations, adding that this underscored the Community’s collective resolve for shared prosperity and cohesion.

Kabba commended the delegates for their dedication and collaborative spirit, saying such reflected ECOWAS’s enduring commitment to peace, stability, and regional integration.

The Chair decried terrorism and violent extremism, the proliferation of small arms, and transnational organised crime, as well as maritime insecurity in the Gulf of Guinea.

He also added that unconstitutional changes of government, economic integration gaps, and the growing impact of climate change have hindered the sub-regional growth.

According to him, such threats can be surmounted through unity, solidarity, and a balanced use of diplomatic and operational measures.

He reaffirmed Sierra Leone’s commitment to ECOWAS principles, emphasising that democracy, constitutional order, and the rule of law would remain non-negotiable in the Community.

He reiterated the need to accelerate the flagship regional initiatives, including the ECOWAS Single Currency programme, the Free Movement Protocols, and the Customs Union.

“Against the backdrop of global economic uncertainty, the meeting emphasised the need to mitigate structural vulnerabilities, foster intra-regional trade, and develop a more competitive and integrated West African economy.

“Sierra Leone pledges to work closely with member states and ECOWAS institutions, particularly in areas of youth employment, innovation, digital transformation, and sustainable development.

“Ministers noted the interconnected nature of challenges such as food insecurity, displacement, education disruptions, and natural disasters, and called for coordinated, proactive regional responses,” Kabba said.

He revealed that measures have been put in place to strengthen early warning systems, regional preparedness, and resource mobilisation to better support affected communities.

Highlights of the session were the review of political developments in some member states and their implications for democratic governance, as well as humanitarian concerns and climate-related vulnerabilities. (NAN)

The post ECOWAS reaffirms commitment to regional stability, integration appeared first on Vanguard News.



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Tinubu urges Nigerians to emulate Buhari’s discipline, integrity

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Tinubu urges Nigerians to emulate Buhari’s discipline, integrity


President Bola Tinubu on Monday, urged Nigerians to embrace the discipline, integrity and service ethos of former President Muhammadu Buhari, describing them as pillars of enduring nation-building.

Mr Tinubu spoke at the launch of the book, “From Soldier to Statesman: The Legacy of Muhammadu Buhari,” held at the State House, Abuja.

“The measure of a leader is not the offices he held, but what persists when the sirens fall silent.

“President Muhammadu Buhari left behind a reputation for integrity, a spartan lifestyle, and the belief that public office is a trust and not a windfall,” he said.

He described Mr Buhari as a leader defined by quiet strength, personal discipline and the belief that public office is a trust, not an avenue to amass wealth

Mr Tinubu extended condolences to Buhari’s family, including his widow, Aisha Buhari, noting that the former leader’s name would continue to inspire generations.

Shared political vision

The president recalled their shared political journey, including the 2015 election that produced Nigeria’s first defeat of an incumbent president.

“Together, we built a broad coalition, campaigned across the country, and proved that Nigeria could chart a new course.

“Our movement united diverse interests and achieved a historic victory in 2015 by unseating an incumbent president, thus reshaping Nigeria’s political landscape,” he added.

Mr Tinubu said the book presents an honest account of Buhari’s achievements and shortcomings, urging future leaders to draw lessons rather than slogans.

He identified humility, security, long-term vision and social justice as core pillars of Buhari’s legacy.

“A Alegacy is given greater meaning when those who follow choose to continue what has been started. That is my duty.

“President Buhari loved this country consistently, morning after morning, decision after decision, staying true to the oath he took.

“That is why even those who disagreed with him often acknowledged his honesty”.

He stressed that Mr Buhari consistently demonstrated love for Nigeria and was widely respected for his personal honesty, even by critics.

“Cooperation across differences is not weakness; it is wisdom,” the president said.

Mr Tinubu urged Nigerians to keep politics honourable and governance focused on results.

He prayed for Allah’s mercy for the late former president and comfort for his family.

The Author of the Book, Charles Omole, described the book as the most comprehensive account of the life and legacy of the late President Muhammadu Buhari.

He said that the 600-page book addressed several complex questions about his journey and leadership.

Former service chiefs and senior officials who served under Mr Buhari paid tributes at the event.

Hadiza Buhari, daughter of the former president, who spoke on behalf of the family thanked Mr Tinubu and Nigerians for their support and prayers.

READ ALSO: Senate panel criticises Tinubu administration over budget overlapping

She said that although the life of the late president was not perfect, his legacy should challenge the next generation to build systems strong enough to translate good intentions into lasting outcomes.

The event was attended by Gambian President Adama Barrow, First Lady Oluremi Tinubu, Aisha Buhari, ministers and state governors, including Governor Dikko Radda of Katsina State, who described Mr Buhari as an incorruptible leader.

(NAN)



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NLNG Bids Farewell to MD Philip Mshelbila, Appoints Falade as Successor

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NLNG Bids Farewell to MD Philip Mshelbila, Appoints Falade as Successor


Nigeria LNG Limited (NLNG) has held a symbolic sendoff ceremony in Abuja to mark the end of the tenure of its Managing Director and Chief Executive Officer, Mr. Philip Mshelbila, after more than four years at the helm of the company.

The ceremony, which took place on Friday, was attended by members of the NLNG Board of Directors, executives of shareholder companies, dignitaries from Nigeria’s public sector and the energy industry, members of the company’s management team, and representatives of various staff groups.

Following the approval of the NLNG Board of Directors, Engr. Adeleye Falade has been appointed as the new Managing Director and Chief Executive Officer. He is expected to assume office in April 2026. Falade will join NLNG from Brunei LNG, where he currently serves as Managing Director and Chief Executive Officer.

Mshelbila is scheduled to formally exit the company on 31 December 2025 to assume a new international role as Secretary-General of the Gas Exporting Countries Forum (GECF) in Doha, Qatar.

Speaking at the event, NLNG’s Deputy Managing Director, Mr. Olakunle Osobu, described Mshelbila as a distinguished and accomplished professional with expertise spanning medicine, environmental health, strategic business leadership, and global gas diplomacy.

Osobu noted that Mshelbila took over leadership at a particularly challenging period for the company, marked by the aftermath of the COVID-19 pandemic, widespread flooding that disrupted gas pipelines, vandalism, supplier force majeure declarations, and global energy market disruptions triggered by the Russia–Ukraine war. Despite these challenges, he said NLNG remained focused on sustainability, diversification, and safety under Mshelbila’s leadership.

He highlighted a major milestone achieved during Mshelbila’s tenure—the expansion of NLNG’s feed-gas supply base beyond its shareholder joint-venture structure. In August 2025, NLNG signed long-term Gas Supply Agreements with six third-party gas suppliers, committing an estimated 1,290 million standard cubic feet per day of feed gas to the company, a move described as historic and strategic.

Osobu added that Mshelbila championed innovation, emissions reduction, and environmental stewardship, while also redefining NLNG’s business model through a transformation programme aimed at ensuring long-term sustainability and value creation.

Also speaking at the ceremony, NLNG’s General Manager, External Relations and Sustainable Development, Mrs. Sophia Horsfall, praised Mshelbila’s leadership style and vision.

She described his tenure as one marked by selflessness, humility, and clarity of purpose, noting that he inspired excellence while positioning the company on a sustainable growth path.

In his response, Mshelbila expressed appreciation to NLNG’s shareholders, Board, staff, and industry partners for their support throughout his tenure. He commended the company’s strong culture of innovation and excellence, noting that these values would guide him in his new role at the GECF.

As Secretary-General of the Gas Exporting Countries Forum, Mshelbila is expected to strengthen dialogue between gas-producing and gas-consuming nations and promote natural gas as a reliable and sustainable global energy source.

Anne-Marie Palmer-Ikuku
Manager, Corporate Communication and Public Affairs

For enquiries:
Elkanah Chawai
Elkanah.Chawai@nlng.com





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Lady Who Unexpectedly Listened to Joshua Selman’s Messages Years Ago Recounts Encounter

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Lady Who Unexpectedly Listened to Joshua Selman’s Messages Years Ago Recounts Encounter


  • A Nigerian lady has shared a post on the X app about her experience after listening to Apostle Joshua Selman’s messages
  • According to her, she had initially decided not to listen to recorded preachings at all until a friend sent them to her
  • When she finally listened to the messages on a particular day, she said she was so broken that she ended up on the floor and turned to God in prayer

A Nigerian lady recently shared a personal encounter she had after listening to recordings of Apostle Joshua Selman’s sermons.

She recounted that for years she had avoided listening to recorded preachings, unless there was a specific reason to engage with it.

Lady shares her encounter after listening to Joshua Selman's messages years ago.Lady shares how she broke down on the floor after listening to Joshua Selman’s messages.
Photo credit: @GinikaOfAfrica/X.
Source: TikTok

Lady broken after listening to Selman’s messages

Despite this, a friend had sent her a collection of Selman’s messages, which she initially decided to keep saved on her device without listening.

Read also

Business owner cries out as customer package remains unclaimed for about 1 year, people react

The lady, identified by the handle @GinikaOfAfrica on X, disclosed that the encounter happened months later while she was engaged in household chores with music playing in the background.

She normally preferred upbeat playlists to maintain her energy, but on this particular day, a message from Apostle Joshua Selman unexpectedly played.

She felt irritated and resistant at first, but didn’t change it because she wanted to complete her tasks first.

Surprisingly, while carrying out the tasks, she found herself overwhelmed by the message.

The experience left her emotionally broken, and she fell to the floor, offering deep prayers to God and seeking assistance from the Holy Spirit.

Lady recounts what happened to her after listening to Joshua Selman's messages years ago.Lady recounts calling on the Holy spirit to help her after listening to Joshua Selman’s messages.
Photo credit: @GinikaOfAfrica/X.
Source: TikTok

In her words:

“I no dey like put mouth for church gist but I feel like I will doing God a disservice if I don’t respond to this. 5/6 years ago a friend introduced me to AJS messages. As a rule, I do not listen to taped preachings for no reason, so when he sent them, I clearly told him I wouldn’t be listening but make e just dey my phone. Months later, I was playing loud music while doing chores, typically I would use my energy giving playlist but I think I was just playing randomly and then an AJS message came on.

Read also

Tonto Dikeh testifies at Pastor Jerry Eze’s church, shares how she was delivered from addictions

“Boy, I was pissed because I didn’t want any vibe killer but I was also deep in whatever I was doing that I just wanted to finish up before going to change that thing; before I could finish up, I was on floor broken like never before and asking the Holy Spirit to help me, I ended up listening to all the message there. I cannot say what entered me but I know the things that significantly left me. These guys are just humans and should be treated as such but don’t ever underestimate what God does with people who heed his call.”

Reactions as lady lauds Selman’s teachings

Nigerians stormed the comments section to react to the post.

Edese said:

“Quick question? I read all the comments underneath your thread. Every single encounter had “I was broken and on the floor” and every one of them is a lady, is it impossible for men to have this encounters?”

Lora Madukife said:

“Before I came across AJS messages, I was a very lukewarm Christian. But ever since I listened to his sermons I started having constant discomfort within me to go back to church. Guess who’s now a die hard Lover of Christ Christian?”

Deezah said:

“I disliked him to a fault while I was still in Zaria (he was in Zaria by then), I would make jest of my cousins that goes to Koinonia. I found my way to Christ through his preaching. That night, I was on the floor and broke down like a baby. My life has changed beautifully since.”

Read also

Man Gives Mature Reply to Girlfriend Who Confessed that She Was No Longer Into Him: “I Found Someone Else”

Dethelma added:

“It can break you. You can even cry. So many messages from him are like this, powerful and emotional. But doesn’t change the fact about what the guy said. Motivational speaking can also get you emotional. Just make sure the message helps you repent and turn to God, not just cry.”

See the post below:

Lady speaks about Apostle Joshua Selman

Meanwhile, Legit.ng previously reported that a lady went public with her findings about the rumoured relationship between Apostle Joshua Selman and Lady Sandra Areh.

Speculation about the nature of Selman and Sandra’s relationship grew after what transpired at her recent birthday party.

Source: Legit.ng



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Lady rejects talking stage with man despite ₦1 million business support

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Lady rejects talking stage with man despite ₦1 million business support


‎A lady has stirred buzz online after rejecting a ‘talking stage’ with a man despite 1 million Naira business support.

‎This was shared by a user on the microblogging platform X, (formerly Twitter).

‎According to the X user @olakunle_omoba, the man identified as a TikTok user sent the lady, Lisha, 400,000 naira to obtain her number.

‎Aftermath, he supported her business with a donation of 1 million naira.

‎In the now-viral tweet, it was revealed that he sent an estimated amount of  3 million naira to the lady, yet she still refused to be in a ‘talking stage’.

Meanwhile, the man’s sister has started calling out the lady on TikTok, while the tweet has garnered over 400,000 views and the comment section is flooded with reactions from X users.

‎Read Tweet Below….

‎A guy on TikTok sent a girl named Lisha ₦400,000 just to get her phone number. Later, he sent ₦1 million to support her business. Despite all this, she never agreed to even enter the talking stage with him. 

‎Altogether, the money he sent her was over ₦3 million. After everything, she still made it clear that she wasn’t interested in any relationship. Now the guy’s sister has started calling her out on TikTok. Who is really at fault here?.

See below……



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Aiyedatiwa’s ‘thank-you’ tour charade, sign of governance failure – PDP

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Aiyedatiwa’s ‘thank-you’ tour charade, sign of governance failure – PDP


The Peoples Democratic Party, PDP, Ondo State chapter, and the All Progressives Congress, the interceptioAPC) on Monday engaged in a war of words over the thank-you tour embarked upon by Governor Lucky Aiyedatiwa across the state.

According to the PDP, Aiyedatiwa’s decision to arrange the tour after two years as substantive governor reveals that he is not taking governance seriously.

Aiyedatiwa had on Monday commenced a statewide tour of local government areas to appreciate grassroots supporters and to galvanise backing for President Bola Tinubu ahead of the 2027 general elections.

Taking a swipe at the governor, the opposition party, in a statement issued by its Director of Media and Publicity, Wande Ajayi, described the move as a charade.
Ajayi, who emphasised that governance under the APC in the state has been reduced to optics, handouts and tokenism, stressed that the governor ought to be commissioning completed projects instead, but there is nothing to show for his two years in office.

The PDP further insisted that the tour indicates a government that has lost direction and exhibits misplaced priorities.
“Across the length and breadth of the state, public schools are collapsing, healthcare facilities are in a state of ruin, roads have become death traps, and civil servants and pensioners continue to suffer under harsh economic realities.”

However, APC, responding to the PDP’s criticism of the governor’s thank-you tour, maintained that Aiyedatiwa’s decision to personally visit communities across the state reflects humility and accessibility.

In a statement issued by the Director of Media and Publicity of the APC in the state, Steve Otaloro, it was stated that the administration of Aiyedatiwa has continued to pilot the affairs of the state with a high level of responsibility.



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PDP crisis: Lamido rules out coalition, opts for alliance ahead of 2027

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PDP crisis: Lamido rules out coalition, opts for alliance ahead of 2027


The Peoples Democratic Party (PDP) has indicated plans to enter into an alliance with another political party yet to be announced ahead of the 2027 general elections.

The move was disclosed by a PDP stalwart and former Governor of Jigawa State, Alhaji Sule Lamido, while addressing party caucus members during a special meeting held at his residence.

Lamido clarified that the PDP was not pursuing a coalition but an alliance, which he described as a strategic decision aimed at strengthening the party’s chances in the next general elections.

He said he was fully aware of the concerns and anxieties among party members, noting that the prevailing situation within the PDP had compelled him to consult widely with key stakeholders to find lasting solutions to the party’s crisis.

“I have met with former President Olusegun Obasanjo, former Senate President Bukola Saraki and other prominent leaders of the party. I appealed to them to set aside grievances and personal differences and focus on the survival of the PDP and the millions of members across the country who are worried and confused,” Lamido stated.

According to him, the resolution of the party’s crisis largely rests on the shoulders of four influential figures which are Bauchi State Governor Bala Mohammed, Adamawa State Governor Ahmadu Fintiri, Oyo State Governor Seyi Makinde and the Minister of the Federal Capital Territory, Nyesom Wike.

“If they so wish, the PDP crisis can be resolved instantly,” he said.

Lamido assured that efforts were ongoing at the national level to address the challenges confronting the party and chart a way forward for members and supporters nationwide.

“At the national front, we are doing the needful to find solutions and a clear path forward for all members and supporters. Very soon, progress will be evident,” he added.

He also revealed that a crucial meeting had been scheduled for Wednesday, December 17, 2025, which he described as a potentially final effort to resolve lingering differences within the party, urging members to remain patient.

Speaking on the party’s strategy in Jigawa State, Lamido described the planned alliance as a pragmatic approach to reviving the PDP’s electoral fortunes.

“In Jigawa, we have opted for an alliance going into 2027. Given the realities on ground, this is the most viable path to victory,” he said.

The former governor attributed the party’s internal challenges, particularly at the regional level, to leadership disputes and post-election disagreements, including contentious candidate selections that had deepened divisions.

“Some national decisions affected the states negatively and created cracks within the party, but we are now mending fences,” he explained.

Lamido, however, stressed that the success of the alliance would depend largely on the support and cooperation of grassroots members.

“Our members and supporters in Jigawa must remain calm, united and ready. They are the backbone of the PDP, and this alliance will strengthen their voice in 2027,” he urged.

He concluded by assuring party faithful that the moves were part of deliberate actions to reposition the PDP in Jigawa State and across the country, expressing optimism that national-level breakthroughs would soon reinforce state-level efforts.



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Tinubu Will Fail in 2027, He Never Won 2023 — Sen Abaribe Declares

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Tinubu Will Fail in 2027, He Never Won 2023 — Sen Abaribe Declares


Senator Enyinnaya Abaribe has declared that President Bola Ahmed Tinubu will not secure a second term in office in 2027.

The Abia South lawmaker insisted that the president never truly won the 2023 presidential election and will face a tougher political battle ahead.

Speaking on the prospects of the next general election, Abaribe said the mood across the country shows growing anger and frustration among Nigerians.

According to him, the level of hardship being experienced nationwide has strengthened the resolve of voters to reject Tinubu at the polls in 2027.

The senator dismissed claims that the president has never lost an election. He argued that no politician is immune to defeat, especially when public sentiment has turned against an administration.

Abaribe said Nigerians are already making up their minds and that the outcome in 2027 will reflect their lived realities.

During his appearance on Channels Television’s Politics Today on Monday, Abaribe stated, “I do not think so. Everybody loses elections, and you will see when the time comes. He will lose in 2027 because I know what Nigerians are feeling outside.”

He went further to challenge the legitimacy of the 2023 election outcome, saying, “Tinubu never won the 2023 election, and everybody knows it. But we said fine, he has been declared the winner, no problem. We acknowledge him as president, but we are going to meet him in the field, and I will see how he is going to cobble together what will make him win again.”

Abaribe insisted that the next election will not follow the same pattern as the last. He claimed the opposition and ordinary Nigerians are now more alert and prepared to defend their votes.

According to him, “It won’t work because this time everybody will be ready. It will no longer be an announcement at 3 a.m. before people wake up in the morning. This time, people are ready, we are ready, and the masses are even more ready.”

The lawmaker also blamed the Tinubu administration for what he described as a collapsed economy and worsening insecurity across the country.

He questioned how the president intends to convince voters to renew his mandate amid rising cost of living, unemployment, and persistent safety concerns.

Abaribe also spoke on the recent wave of defections from opposition parties to the ruling All Progressives Congress (APC). He made it clear that he has no intention of joining the ruling party, insisting he would remain with the opposition regardless of political pressure.

He said, “If there is anybody who is going to defect to the APC, I think I should be the very, very last one. By the time I defect, it would mean there are no parties left in Nigeria, including the APC.”

According to him, the defections do not strengthen the APC but instead create internal crises. He argued that the ruling party is absorbing unresolved political conflicts that will eventually weaken it from within.

The senator noted that leadership struggles are already emerging in states where high-profile defections have taken place.

Abaribe added that the opposition stands to benefit from the situation, as the APC’s internal disagreements will become more pronounced ahead of future elections.



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Former minister Oby Ezekwesili wins 2025 international anti-corruption lifetime achievement award

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Former minister Oby Ezekwesili wins 2025 international anti-corruption lifetime achievement award


Dr. Oby Ezekwesili, former minister of education, has been named a joint recipient of the 2025 International Anti-Corruption Excellence (ACE) Lifetime Achievement/Outstanding Award.

Ezekwesili announced the honour in a post on X on Tuesday.

She said the award recognises her “resolute character” and years of consistent work on transparency, accountability, good governance and institution-building.

“It is encouraging to see that my resolute character, consistent work on transparency, accountability, good governance, institution-building, sound economic, human capital and extractive sector policies; and building values-anchored leaders that serve people are what the award values and celebrates,” she said.

Ezekwesili said the recognition was not a personal achievement, noting that the fight against corruption and the quest for good governance are collective efforts.

“And of course, none of these works was or is ever done alone. I always say that the fight against corruption and for good governance are inherently collective and so, this honour belongs to all citizens and reformers who insist that public power must serve the public good.

“Anti-corruption and good governance works are not just about individuals, but ultimately about building institutions and norms that outlive any one person,” she said.

Ezekwesili expressed gratitude to God, her family and supporters for their role in her journey.

“Grateful to God, my unforgettable parents, my incomparable husband, our wonderful daughter and sons; and my loving siblings for being integral to the journey that brought me this honour,” she said.

She thanked those who sent prayers and goodwill messages following the announcement.

“Thanks to all who have celebrated and sent their prayers and well wishes. I am truly grateful,” she said.

Ezekwesili said the push for good governance must continue until Nigeria and Africa achieve lasting institutional reform.

“Our collective dedication to emerge good governance must continue until Nigeria and Africa become,” she said.



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Police to resume enforcement of tinted glass permit from January 2, 2026 

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Police to resume enforcement of tinted glass permit from January 2, 2026 


The Nigeria Police Force has announced that it will resume nationwide enforcement of the tinted glass permit from January 2, 2026.

The announcement was made in a statement issued on Monday by CSP Benjamin Hundeyin, anipr, mipra, Force Public Relations Officer, Force Headquarters, Abuja.

According to the police, the decision follows a review of escalating security concerns, particularly the increasing use of vehicles with unauthorised tinted glass to facilitate crimes such as kidnapping, armed robbery, and other violent offences.

The Force noted that criminals had exploited the enforcement gap to conceal their identities, making the resumption of enforcement urgent and necessary to strengthen public safety.

“The Nigeria Police Force wishes to inform the general public of the planned resumption of the enforcement of Tinted Glass Permit policy pending the final determination of the matter currently before the court. This decision follows a careful review of emerging security concerns and the need to ensure the safety of all citizens,” the statement read in part.

It added, “In view of this, the Nigeria Police Force has found it both necessary and urgent to resume full enforcement as a proactive measure to safeguard our communities. Consequently, enforcement of Tinted Glass Permit will resume on 2nd January, 2026.” 

More insights 

The Force clarified that no court order barred it from enforcing the tinted glass law, noting that enforcement was earlier suspended to allow motorists sufficient time to regularise their documentation in the interest of public convenience and transparency.

  • The Inspector-General of Police, IGP Kayode Adeolu Egbetokun, assured the public that the renewed enforcement would be carried out professionally, with respect for citizens’ rights and in strict compliance with existing laws, while reaffirming the Force’s commitment to upholding the rule of law.

Motorists who require tinted glass for legitimate reasons were advised to apply through approved channels and ensure full compliance ahead of the resumption date.

What you should know 

Ahead of the January 2, 2026 enforcement date, the Nigeria Police Force had previously suspended tinted glass permit enforcement on October 9, 2025, following a meeting between IGP Kayode Adeolu Egbetokun and a NBA delegation led by President Afam Josiah Osigwe, SAN, to address enforcement concerns and improve police–bar collaboration.

  • Enforcement had initially been scheduled for August 11, 2025, later shifted to October 2, 2025. The Police had earlier halted tinted glass permit issuance in June 2022 to prevent criminal misuse.
  • In February 2024, the Force announced plans to resume issuance under a revamped digital permit system, supported by nationwide training for ICT and enforcement officers.
  • The new system features QR codes, unique serial numbers, and digital holograms to prevent forgery, with applications processed exclusively via www.possap.gov.ng.

Applicants must provide NIN and TIN details, biometric data, and undergo background checks; approved permits are issued digitally within 72 hours.

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Stock Market Transacts 553.2m Shares Worth N13.3bn – THISDAYLIVE

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Stock Market Transacts 553.2m Shares Worth N13.3bn – THISDAYLIVE


The stock market traded 553.2 million shares valued at N13.3 billion in 28,907 transactions on Monday.

This is compared with 571.7 million shares valued at N29.04 billion recorded on Friday across 20,418 deals.

This revealed 54 per cent and 3 per cent decline in turnover and volume respectively with 42 per cent growth in deals.

Meanwhile, FCMB recorded the highest volume, with 92.04 million shares traded, while VITAFOAM recorded the highest value, at N1.77 billion.

The equities market opened the week slightly positive, extending the gains of the previous week as investors gained N3 billion in value.

Market capitalisation rose by N3 billion or 0.003 per cent, closing at N95.267 trillion from N95.264 trillion on Friday.

Also, the All-Share Index (ASI) climbed 4.62 points or 0.003 per cent, ending at 149,437.88 up from 149,443.26.

This led the year-to-date (YTD) return increase to 45.19 per cent, while the market breadth closed positive, recording 28 gainers and 23 losers.

On the gainers’ chart, Sovereign Trust Insurance led by 10 per cent, ending the session at N3.74, Guinness Nigeria followed by 9.96 per cent, settling at N239.50, while Mecure Industries grew by 9.88 per cent, closing at N41.70 per share.

Similarly, AIICO Insurance and First Holding Company increased by 9.86 per cent each, finishing at N3.79 and N34.55 per share.

On the other hand, Prestige Assurance led the losers’ chart by 10 per cent, settling at N1.53, FTN Cocoa Processors trailed by 8.16 per cent, finishing at N4.50 and Guinea Insurance dipped by 7.69 per cent, closing at N1.08 per share.

Royal Exchange dipped by 7.25 per cent, ending the session at N1.79, while Nigerian Breweries fell by 6.86 per cent, closing at N76.75 per share. (NAN)



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