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NGX: The Stock Market Has Gained N40 Billion

Author AMOS OLASUPO 0 12

The market capitalisation finished for trade at N25.566 trillion, up from N25.526 trillion on Thursday, representing an N40 billion rise.

In addition, the NGX All-Share Index rose 0.16 percent, to 47,437.48 basis points, up from 47,363.98 basis points on Thursday.

The sub-sector level indexes registered diverse trajectories despite the continued strong market attitude.

The NGX Banking and NGX Insurance indexes both increased by 0.34 and 0.28 percent, respectively.

The NGX Oil/Gas index, on the other hand, declined 0.35 percent, while the NGX Consumer Goods and NGX Industrial indexes remained unchanged.

Twenty-one corporations made profits, while twenty-one companies lost money.

Niger Insurance topped the gainers list, rising 10% to settle at 22 kobo, followed by R.T Briscoe, which rose 8.95% to close at 73 kobo.

UPDC closed at 99 kobo per share, up 7.61 percent, while UACN closed at 74 kobo per share, up 7.69 percent.

Royal Exchange Assurance topped the losers’ chart with a 9.7% decline to close at N1.21, followed by ELLAHLAKES with a 9.57% drop to close at N3.12 on the losers’ chart.

Pharmdeko down 8% to N1.84 per share, while Linkage Insurance fell 7.14 percent to 52 kobo per share.

Furthermore, Unilever fell 5.71 percent to N13.20 on Friday.

Trading volume declined by 56.97 percent to N7.03 billion in 3,928 transactions, down from N4.48 billion in 4,672 transactions on Thursday.

In terms of volume, FCMB had the highest traded stock, with 932.89 million units worth N3.49 billion, followed by Zenith Bank, which had 29.94 million units for N805.65 million.

Fidelity Bank exchanged 19,309,721 million units of share worth N55.16 million, while Access Bank sold 22.51 million units of share worth N227.82 million.

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Osun: Oyetola Plans To Challenge Adeleke’s Victory With 50 Attorneys

Author AMOS OLASUPO 0 2
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Osun State’s governor, Gbeyega Oyetola
The governor of Osun State and candidate for the All Progressives Congress (APC) in the state’s recently held governorship election, Gboyega Oyetola, is ready to use legal methods to have the results overturned in his favour.

Remember that Senator Ademola Adeleke, a candidate for the Peoples Democratic Party (PDP), was proclaimed the victor of the Osun gubernatorial election conducted on Saturday, July 16, 2022.

Adeleke received 403,371 PDP votes, defeating Oyetola and the APC with 375,027, and 2,729 Labour Party, LP votes for Lasun Yusuf.

Speaking about Oyetola’s plans to challenge Adeleke’s win in court, senior counsel Kunle Adegoke, a member of Oyetola’s legal team, said that 50 attorneys have expressed interest in taking the case.

In response to a question on the legal justifications for Oyetola’s challenge against Adeleke, Adegoke…

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Osun Guber: Adeleke Warns INEC Not To Tamper With Election Materials

Author AMOS OLASUPO 0 3
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Senator Ademola Adeleke, the newly elected governor of Osun State, has cautioned the Independent National Electoral Commission from tampering with the voting equipment used in the Osun State governorship election on July 16 in an effort to support the All Progressives Congress.

Adeleke said that there were rumours that the APC leadership was working with INEC to tamper with some election documents that would be used against his win at the Election Petition Tribunal in a press statement signed by Prince Diran Odeyemi, the head of his media management team.

According to the statement, certain APC leaders had been circling the Commission’s local government offices in order to communicate with INEC personnel who would tamper with various electoral materials maintained in their care.

Adeleke requested that Prof. Mahmood Yakubu, the INEC chairman, instruct the commission’s Osun officers to…

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We’ll Appeal Adeleke’s Win in Court, Said Oyetola Campaign Director

Author AMOS OLASUPO 0 6
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The Independent National Electoral Commission (INECdeclaration )’s of Senator Ademola Adeleke as the new governor-elect of Osun State on the Peoples Democratic Party (PDP) platform may be contested in court, according to sources, as the All Progressives Congress (APC) legal team has reportedly begun the legal process.

It was revealed that the APC has employed renowned lawyers in the legal profession and legal icons in the state to challenge the PDP’s win in court if anomalies are identified in the results issued by INEC on the outcome of the just ended gubernatorial election.

According to reliable sources, several of the attorneys who would be hired for the project have already been contacted and are planning their approaches.

The legal team is rumoured to have already begun closely scrutinising a few polling unit results with the intention of contesting…

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Akeredolu’s Muslim-Muslim Ticket: Ignore Religion, Vote Based on Competence

Author AMOS OLASUPO 0 4
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Rotimi Akeredolu, the governor of Ondo State and chairman of the Southern Governors Forum, urged Nigerians on Wednesday to vote for competence in the next general elections, stressing that the outcome of the vice president would not have an impact on the effectiveness of any administration.

The job ends at the president’s desk, according to Akeredolu, who expressed confidence that Asiwaju Bola Ahmed Tinubu, the APC’s presidential candidate, will save the country.

“Muslim-Muslim Ticket has nothing to do with performance,” said Akeredolu. Let’s cast our votes for a capable candidate. At the President’s desk, the task is completed. You are choosing the President in this election. He makes the decisions. Because we in the South fought for this, it shouldn’t matter if it’s a Muslim/Muslim or a Christian/Christian.

He said, “I have no doubt that Asiwaju Tinubu, given…

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