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BAD OMEN : Nigerian stock Exchange loses N150Billion as Buhari declares for second term

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Activities opened on the Nigerian Stock Exchange (NSE) on Monday in the  negative as the market capitalisation lost N150 billion and volume depreciated by 42.82 per cent.

The News Agency of Nigeria (NAN) reports that amid losses by blue chips, the market capitalisation, which opened at N14.753 trillion, shed N150 billion or 1.02 per cent to close at N14.603 trillion.

Also, the All-Share Index dipped by 411.98 points or 1.01 per cent to close at 40,429.18 compared with 40,841.14 posted on Friday, April 6.

NAN reports that the market was weighed down by profit taking by some investors with major blue chips recording price losses.

Unilever recorded the highest loss to lead the losers’ table, shedding N4.80 to close at N55 per share.

Lafarge Africa trailed with a loss of N3.20 to close at N41 in spite of N1.50 final dividend declared for the financial year ended Dec. 31, 2017.

Dangote Cement shed N2.90 to close at N252, while Guinness depreciated by N1 to close at N103.

Dangote Flour also lost 65k to close at N13.15 per share.

Analysts attributed the development to sell-off and profit taking on high cap stocks that suffered losses after their share prices were adjusted for dividend declared and some companies that declared unimpressive earnings.

On the other hand, GlaxosmithKline led the gainers’ table during the day, growing by N10 to close at N30 per share.

Champion Breweries followed with a gain of 20k to close at N2.48, while Cement Company of Northern Nigeria also gained 20k to close at N18 per share.

Fidson Healthcare added 12k to close at N5.80, while Axa Mansard grew by 12k to close at N2.52 per share.

Similarly, the volume and value of shares traded dropped by 42.82 per cent and 15.38 per cent, respectively.

Consequently, investors bought and sold 287.04 million shares valued at N4.95 billion transacted in 4,285 deals.

This was in contrast with a turnover of 501.96 million shares worth N5.85 billion exchanged in 6,108 deals on Friday.

FBN Holdings was the most active in volume terms, accounting for 29.58 million shares worth N359.09 million.

Skye Bank followed with 23.12 million shares valued at N15.04 million, while FCMB Group traded 22.95 million shares worth N53.94 million.

Zenith International Bank sold 22.49 million shares valued at N606.94 million, while Nigerian Breweries exchanged 20.64 million shares worth N2.58 billion.

 

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TYO National Competition Concludes with Exceptional Display of Oratory and Critical Thinking

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The TYO 2026 National Competition concluded with an impressive showcase of oratory, critical thinking, and a compelling demonstration of the skills developed by participants during a four-day intensive boot camp. The programme commenced on Monday, April 27, with semifinals held on April 29 and the finals on April 30, 2026.

The final event was marked by an emotional moment as the winner was announced to an enthusiastic reception from the audience. Participants were evaluated on key competencies including reasoning, content, structure, audibility, and audience engagement. The competition stood as a clear demonstration of what can be achieved when young minds are given the opportunity and space for intentional development.

TYO is a communications platform and an expression of the Peat Philips Foundation, committed to instilling leadership, communication, and public speaking skills in young people. The initiative focuses on building strong character and empowering participants to embody the change they seek, not only through words but through aligned actions.

The boot camp incorporated multiple dimensions of learning, including structure, intent, goal-setting, character development, reasoning and effective audience engagement. These components provided participants with the opportunity to refine their speaking abilities while unlearning habits that no longer serve their growth. The experience also fostered peer learning, as participants engaged closely with other qualified individuals within the programme.

Beyond the competition, TYO serves as a broader platform dedicated to developing young people into confident communicators and ambassadors of their communities and country. The competition itself is one of several initiatives aimed at preparing a Nigerian representative for the International Public Speaking Competition scheduled to take place in the United Kingdom in July this year.

Looking ahead, preparations are already underway for the 2027 edition of the TYO Boot Camp. The organisers express hope for continued and increased support from sponsors and partners to sustain and expand the programme. This support is essential to reaching more young people and strengthening a critical area of development, not only for Nigeria but for the African continent at large.

For partnership and sponsorship inquiries, interested parties are encouraged to connect with the organisers to support the mission of raising a generation equipped to serve and lead effectively. Contact: 08071825959, [email protected].

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Ajadi Visits Ilaji Resort, Commends Sanusi’s Vision for Oyo’s Economic Growth

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Ajadi Visits Ilaji Resort, Commends Sanusi’s Vision for Oyo’s Economic Growth

The leading gubernatorial aspirant in Oyo State under the Peoples Democratic Party (PDP), Olufemi Ajadi Oguntoyinbo, has lauded the transformative impact of private-sector investment on the state’s economy, following a courtesy visit to Ilaji Hotels and Sports Resort in Akanran, Ibadan.

Ajadi, who was warmly received on Sunday by the resort’s founder, Chief Dr Dotun Sanusi, described the facility as a symbol of what visionary leadership and indigenous enterprise can achieve in driving rural development, job creation, and tourism growth.

Speaking during the visit, Ajadi commended Sanusi’s commitment to Oyo State’s economic advancement, noting that Ilaji Resort stands as a model for sustainable development outside urban centres.

“What I have seen here today is not just a business venture, but a bold statement of belief in Oyo State’s potential,” Ajadi said. “Chief Sanusi has demonstrated that with vision, dedication, and strategic investment, we can transform our rural communities into thriving economic hubs. This aligns perfectly with my agenda to expand opportunities, empower our people, and sustain development across the state.”
[4/13, 6:34 PM] johnsonakinpelu: The PDP gubernatorial aspirant emphasised that his governorship ambition is rooted in supporting initiatives that promote local enterprise, tourism, and youth employment, adding that partnerships between government and private investors would be a priority if elected.

In his remarks, Sanusi, popularly known as Ilaji, expressed delight at hosting Ajadi and his entourage, describing the visit as encouraging for investors in the state.

“I am honoured to receive Ambassador Ajadi here at Ilaji Resort,” Sanusi said. “This project was born out of a desire to give back to society, create jobs for our youths, and showcase the rich cultural and tourism potential of Oyo State. When leaders recognise and support such efforts, it strengthens our resolve to do more.”

Sanusi further stressed the importance of continuity in governance and policies that encourage investment, noting that consistent support from government actors is crucial for long-term economic growth.

The visit also attracted notable political stakeholders, including the former Ona-Ara Local Government Chairman, Hon. Taiwo Oke, Hon. Bass Oloko, and Ajadi’s personal assistant, Kilamuwaye Badmus, among others.

Observers at the event described the meeting as a convergence of political leadership and entrepreneurial vision, highlighting the growing importance of collaboration in addressing developmental challenges in Oyo State.

Analysts see Ajadi’s visit to Ilaji Resort as part of his broader engagement with key stakeholders across sectors, as he continues to build momentum ahead of the 2027 governorship race.

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FOPCHEN Calls for Dialogue as Court Fixes May 28 for Continuation

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FOPCHEN Calls for Dialogue as Court Fixes May 28 for Continuation

OTA, OGUN STATE — Proceedings in a widely followed legal case resumed on March 24, 2026, at the High Court of Ogun State, Ota Division, ending with a fresh adjournment as the court fixed May 28, 2026, for continuation.

During the session, legal representatives for all parties restated their positions and addressed preliminary matters, laying the groundwork for more substantive arguments at the next hearing. Observers noted that the case continues to attract significant public attention due to its perceived implications for law, culture, and societal values.

The Foundation for the Protection of Cultural Heritage in Nigeria (FOPCHEN) used the occasion to reiterate its call for constructive national dialogue. The group emphasized that while the judicial process must be respected, broader societal engagement remains essential.

 

According to the organization, issues relating to values, responsibility, and cultural identity should not be confined solely to courtroom deliberations but should involve active participation from various sectors of society.
Legal analysts present at the proceedings described the matter as one with far-reaching implications, noting that arguments advanced in court could shape future interpretations surrounding sensitive cultural and moral questions.

 

The presiding judge subsequently adjourned the case to May 28, granting all parties time to refine their submissions and respond to issues raised during the hearing.

 

As anticipation builds ahead of the next court date, Nigerians across different sectors continue to monitor developments closely, keen to see how the judiciary navigates the delicate balance between constitutional rights and cultural expectations.

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