Economy
Update: 93% Trade Decline Recorded On NGX In 3 Days
Update: 93% Trade Decline Recorded On NGX In 3 Days
Update: 93% trade decline recorded on NGX in 3 days. Stock market investors traded 1.18 billion shares valued at N28.87 billion in 42,397 deals between April 2 and April 4. The stocks market weekly report of the Nigerian Exchange Limited (NGX) showed that the figures are lower compared to the previous week when investors traded 7.5 billion shares valued at N398.95 billion in 61,312 deals.
The report reveals a 92.7 percent trade decline within a three-day period, following the federal government’s declaration of March 31 and April 1 as public holidays for the 2025 Eid el Fitr celebration.
FINANCIAL SERVICES TOP PERFORMANCE
The report showed that the financial services industry topped the table by volume of shares traded, as investors exchanged 906.59 million shares valued at N18.926 billion in 22,876 deals.
“Thus contributing 76.60% and 65.56% to the total equity turnover volume and value respectively,” the NGX report said. “The Consumer Goods industry followed with 71.059 million shares worth N2.224 billion in 3,394 deals. Third place was the Services Industry, with a turnover of 47.305 million shares worth N396.897 million in 2,132 deals.”
TOP THREE EQUITIES
According to the NGX report, the top three trading equities in the period reviewed are Fidelity Bank Plc, Zenith Bank Plc, and Universal Insurance Plc.
Measured by volume, the bourse said the three equities accounted for 264.627 million shares worth N5.932 billion in 5,714 deals — contributing 22.36 percent and 20.55 percent to the total equity turnover volume and value, respectively.
TOP GAINERS OF THE WEEK
The report said VFD Group Plc stock gained N9.8 kobo, ending the week with N57 per share, higher than the N47.2 kobo it started with.
The share price of Union Dicon Salt Plc rose to N5.8 kobo per share from N4.85 kobo — gaining N0.95 kobo.
Africa Prudential Plc saw its stock price rise by N2.05 kobo to end the week with N15.1 kobo — up from its opening price of N13.05 kobo.
Nigeria Exchange Group’s share value grew to N32.45 kobo per share, recording an increase of N3.45 kobo from N29. Also, the shares of UPDC Real Estate Investment Trust closed the week at N6.1 kobo per share from N5.5 kobo, appreciating by N0.6 kobo.
TOP FIVE DECLINERS OF THE WEEK
Further analysis shows that UACN Plc lost N6.5 kobo to settle at N29. This, the company said, is below the N35.5 kobo it opened the week with.
The report also said Sunu Assurances Nigeria Plc lost N0.89 kobo to close at N5.76 kobo per share, against the opening price of N6.65 kobo.

NGX In 3 Days
In addition, the share price of Universal Insurance Plc dropped by 13.33 percent to N0.52 kobo, recording a loss of N0.08 kobo, from the N0.6 per share it started trading with.
The NGX said Oando Plc’s share price fell from N48.35 kobo to N42 per share, losing N6.35 kobo within three days.
According to the report, Consolidated Hallmark Holdings also booked a loss of 12.85 percent as its share price dropped to N3.12 kobo per share, from N3.58 kobo.
Economy
Okpebholo Threatening Me With Violence, I’ll Fight Back Says Obaseki
Okpebholo Threatening Me With Violence, I’ll Fight Back Says Obaseki
Okpebholo threatening me with violence, I’ll fight back says Obaseki. Godwin Obaseki, the immediate past governor of Edo, has accused Monday Okpebholo, his successor, of threatening him with violence. Obaseki spoke during the weekend at an event in London, the United Kingdom.
BACKGROUND
Since assuming office in November 2024, Okpebholo has initiated a series of actions aimed at scrutinising Obaseki’s tenure.
He first constituted a 14-member committee to investigate the assets, liabilities, contracts, and financial decisions made under Obaseki.
Okpebholo then expanded the scrutiny to the state civil service, ordering a probe into all recruitments conducted between May and November 2024, alleging a violation of due process.
Last week, Okpebholo asked the federal government to repatriate Obaseki to answer questions over public funds linked to the controversial Museum of West African Art (MOWAA) project.
‘OKPEBHOLO THREATENING ME’
Obaseki said the governor is threatening him with violence and allegedly sent thugs to attack him in the UK.
“Those who live by the sword will die by the sword,” Obaseki said. “And to tell the governor, Okpebholo, I don’t know him; I have never met him. When you start with violence, you will reap violence.
“For one year since I left office, I didn’t say one word. I decided to respect myself and allow them to try [in governance] as well. Go and find out, you won’t see one thing I said about his government.”
He accused Okpebholo’s government of being behind the attack on diplomats during the exhibition in MOWAA.
“As if that was not enough, the government paid people to come to Manchester to attack me,” he said.
“Who has started this violence? Is it me? Last week, this governor held a disgraceful press conference in which he threatened me not to come to Benin.

Obaseki
“They have been threatening violence. So if I respond, nobody should hold me responsible. “I can’t leave myself empty to be hurt and attacked by deranged people.
“So I am going to fight back. I will fight back. I didn’t start the fight. They are afraid. They know they did not win the election.”
Economy
Jigawa: 9,600 Teachers Register For Special Training
Jigawa: 9,600 Teachers Register For Special Training
Jigawa: 9,600 teachers register for special training. No fewer than 9,600 teachers under the Jigawa State Universal Basic Education Board (SUBEB) registered for a competency test to determine the specific training required to improve their skills and enhance teaching outcomes in the state.
The Executive Chairman of the Board, Professor Haruna Musa, revealed this while briefing journalists on the purpose of the examination, adding that 12,000 teachers were expected to register for the exam.
He explained that the state government, under the leadership of Governor Malam Umar Namadi, was committed to repositioning the state education sector as a key foundation for sustainable development, in line with its “12-Point Agenda.”
Prof. Haruna noted that while the government has been spending significant resources to improve educational infrastructure, meaningful learning improvements cannot be achieved without also enhancing the capabilities of teachers.
“Based on that, the State Executive Council approved for the board to organise a competency test for all teachers. This will enable us to understand the kind of training each teacher requires to improve his or her skills”.
“Out of the 9,600 teachers registered for the exam, over 70% have never attended any capacity-building training since they were employed, including some with over 15 years of service,” the Chairman added.

Teachers Register For Special Training
He stated that after the exam, the teachers will be categorised into three groups: Group A, those with both knowledge and teaching skills; Group B, those with knowledge but lacking teaching skills; and Group C, those lacking both knowledge and teaching skills.
“Each group will be offered specialised training. Those in Group C will undergo intensive training and subsequent examinations for a period to ensure they are equipped with the required knowledge and skills”.
“For those with slower learning uptake, we will attach them to competent teachers within their schools for ongoing guidance and mentorship,” Prof Haruna said.
He further stated that the project is not about retrenchment, but his primary goal is to enhance teachers’ capacity for better learning outcomes within the state’s basic education sector.
Economy
PFA: Leadway Pensure Leverages Innovations For Quality Service Delivery
PFA: Leadway Pensure Leverages Innovations For Quality Service Delivery
PFA: Leadway pensure leverages innovations for quality service delivery. A Pension Fund Administrator (PFA), Leadway Pensure said, it is leveraging innovation to escalate quality
service delivery to its retirement savings account (RSA) holders. This milestone marks 20 years of trust, exceptional service delivery, and value creation as it celebrates its anniversary. It highlights two decades of dedication to protecting the financial wellness of Nigerian workers.
Over the last 20 years, the PFA has served thousands of customers across Nigeria and beyond, standing as a clear testament to its commitment to providing financial stability at various stages of workers’ career journeys.
Speaking on this remarkable achievement, MD/CEO, Leadway Pensure PFA, Olusakin Labeodan, stated that: “As we celebrate 20 years of Leadway Pensure PFA, this milestone is more than a celebration of longevity, it is a tribute to trust, service and innovation.
From the very beginning, our mission has been very clear, to deliver a pension system without barriersOver two decades, we have transformed this vision into reality by simplifying pension access, embracing cutting-edge technology, and ensuring our services are always within reach. With a nationwide presence, a robust mobile platform, and the AI-powered assistant LISA, we have made pension services accessible to eligible Nigerians.
“We have supported countless customers in achieving life goals, from retirement to home ownership, by ensuring access, clarity and care at every step. This is a testament to the strong relationships and legacy we have built with every customer. Trust is at the heart of our service, propelling us to uphold world-class standards and earning us global certifications such as ISO/IEC 27001:2022 for information security, a mark of our unwavering commitment to safeguarding our customers’ funds. ”

Leadway Pensure
Looking ahead, the company said, it is committed to promoting youth-focused financial literacy, growing personal pension plans and strengthening customer engagement across every stage of the pension journey.
“The next years and beyond will be shaped by the same dedication that brought us this far, a future-forward mindset, a culture of excellence, and an unyielding promise to stand by our customers every step of the way,” Olusakin concluded.
As it commemorates 20 years of service, Leadway Pensure reaffirms its commitment to simplifying retirement planning, delivering consistent value, and driving financial inclusion across Nigeria.
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