Connect with us

Economy

Update: 93% Trade Decline Recorded On NGX In 3 Days

Published

on

NGX

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

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

Nigeria Customs Honours Retiring Officers, Celebrates Outstanding Athletes in Ogun

Published

on

By

Nigeria Customs

Nigeria Customs Honours Retiring Officers, Celebrates Outstanding Athletes in Ogun

The Nigeria Customs Service (NCS), Ogun I Area Command, has honoured its retiring officers and celebrated athletes for their outstanding performance at the recently concluded Zone ‘A’ Inter-Command Competition.
Eereporter.com

The Command hosted the special dinner on Wednesday, 16 September 2026, at Idiroko, Ogun State, bringing together representatives of sister agencies from Nigeria and the Republic of Benin, traditional rulers, friends and other well-wishers.

Speaking at the event, the Acting Customs Area Controller, Deputy Controller (DC) Oladapo Afeni, described the honourees as officers who demonstrated discipline, courage and commitment to serving a cause greater than themselves.

“To our retiring officers, tonight is about honouring a lifetime of duty, leadership and unyielding integrity. You have carried the weight of responsibility on your shoulders, guided younger generations and anchored this organisation through every season,” Afeni said.

The Acting CAC noted that the standards established by the retiring officers would continue to serve as a reference point for those still in active service. He also encouraged the retirees to embrace their transition from active service as an opportunity to explore new experiences and devote more quality time to their families and loved ones.

Nigeria Customs

Nigeria Customs

The retiring officers expressed appreciation to the Command for organising the event and recognising their years of service and dedication. Assistant Comptroller of Customs, Hafiz Badre, encouraged serving officers to uphold professionalism and dedication as they discharge their responsibilities.

The dinner also provided an opportunity to recognise athletes of the Command who excelled during the recently concluded Zone ‘A’ Inter-Command Competition, with their achievements celebrated as a reflection of discipline, teamwork and commitment.
Eereporter.com

Continue Reading

Economy

NAF Commissions 30-flat Residential Facility in Makurdi to Promote personnel welfare, Says Better Home, Stronger Force

Published

on

By

Makurdi

NAF Commissions 30-flat Residential Facility in Makurdi to Promote personnel welfare, Says Better Home, Stronger Force

The Nigerian Air Force (NAF) has reinforced its commitment to personnel welfare and operational readiness with the commissioning of a newly completed 30-flat residential facility for married non-commissioned officers at NAF Base Makurdi.
Eereporter.com

Commissioning the facility on 18 September 2026, the Chief of the Air Staff (CAS), Air Marshal Sunday Kelvin Aneke, DFS, stated that providing decent accommodation for personnel and their families is essential to building a focused, motivated and mission-ready force capable of meeting Nigeria’s security demands.

Represented by the Chief of Policy and Plans, Headquarters NAF, Air Vice Marshal AY Abdullahi, the CAS noted that the facility reflects the Service’s sustained investment in the wellbeing of its personnel. He emphasised that an airman provided with decent living conditions is better positioned to remain focused and fully committed to duty, as improved accommodation helps reduce domestic pressures while enhancing morale, productivity and operational effectiveness.

The 30-flat facility is expected to ease accommodation challenges and improve the quality of life of beneficiaries while contributing to NAF’s capacity to deliver airpower in support of national security objectives.

Makurdi

NAF Housing

The CAS urged personnel to maintain the facility responsibly, stressing that investments in welfare are not only about improving living conditions but are also critical to sustaining a professional, resilient and effective fighting force.
Eereporter.com

Continue Reading

Economy

US President Trump Lists 25 Achievements of First 20 Months in Office

Published

on

By

Trump

US President Trump Lists 25 Achievements of First 20 Months in Office

President Donald Trump has listed 25 achievements he said his administration had recorded since returning to office in January 2025.
Eereporter.com

Trump made the claims in a post on his Truth Social platform on Friday, where he highlighted his administration’s policies on immigration, taxes, trade, crime, defence, energy, education and foreign affairs.

Among the achievements listed by the US president were what he described as the “most secure border in history”, the signing of the Laken Riley Act and what he called the largest drop in the US murder rate in history.

Below is the full list:

Achieved the most secure border in history – ZERO illegal aliens admitted to the United States in the past 16 months.
Signed the Laken Riley Act to get dangerous criminal aliens off our streets.
Achieved the largest drop in the murder rate EVER recorded, to the lowest level in 125 years-since 1900.
Signed the largest tax cuts in American History – the Great Big Beautiful Bill-including No Tax on Tips, No Tax on Overtime, and No Tax on Social Security for our great seniors.

Secured commitments for $19.2 trillion dollars of new investment in the United States.
Imposed historic tariffs to bring back American Manufacturing – including 50% tariffs on foreign copper, aluminum, and steel, and 25% tariffs on foreign automobiles.
The stock market has set 80 all-time record highs since the election.

More Americans are working today than at any time in the history of our country.
Made the largest-ever investment in the United States Armed Forces- $1 trillion dollars this year, and hopefully $1.5 trillion next year.
Captured and brought to justice the outlaw dictator of Venezuela, Nicolas Maduro, through Operation Absolute Resolve.

Obliterated Iran’s nuclear enrichment capacity with Operation Midnight Hammer and Operation Epic Fury to ensure Iran will NEVER have a nuclear weapon.
Conducted numerous successful military strikes to smash the drug cartels operating in our hemisphere-brought the flow of deadly fentanyl across our border down by a record 60%.

Secured Most Favoured Nation agreements to reduce the cost of many prescription drugs by price differences of 300, 400, 500, and 600 percent.
Terminated the Green New Scam, declared a National Energy Emergency, and began to Drill, Baby, Drill.
Ended the insane Electric Vehicle Mandate and other crippling regulations on American Automobiles.

American Exports have soared to the highest level in American history-we are on track to export an unprecedented $2.5 TRILLION dollars in goods this year alone.
17 Abolished all discriminatory “Diversity, Equity, Inclusion” (DEI) policies throughout the federal government and private sector.
Banned MEN from playing in women’s sports.
Banned transgender ideology and critical race theory in our schools.

Trump

Trump

Launched Trump Accounts – tax free investment accounts for every American child, starting with $1,000 for every newborn child.
Settled 8 raging wars with historic peace deals in our first 12 months- including the War in Gaza.

Got all living hostages returned to their families, both living and dead.
Halted all refugee admissions to the United States, including from Somalia and other dangerous places.
Deployed National Guard to restore Law and Order to Washington, D.C., Memphis, and New Orleans.
Made English the Official Language of the United States.

The list comes as the Trump administration continues to promote its record ahead of the 2026 US midterm elections.
Eereporter.com

Continue Reading

Trending