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The Nigerian Exchange (NGX) rebounded from its recent bearish trend, as equities surged and market capitalization saw a significant gain. This positive turnaround was led by Transcorp and NASCON. The All-Share Index (ASI) closed 0.93% higher, while the market capitalization rose by N339 billion. DANGOTE SUGAR, NASCON, and NAHCO were among the top gainers, while COURTVILLE, ABC TRANSPORT, and TANTALIZER experienced losses. Despite lower trading activity in terms of volume, OANDO emerged as the most traded equity. ZENITH BANK and GTCO performed well, while BUA CEMENT, BUA FOODS, SEPLAT ENERGY, MTN NIGERIA, DANGOTE CEMENT, and AIRTEL AFRICA remained unchanged.
The Nigerian Exchange (NGX) closed in negative territory after equities fell by N294 billion due to the FTSE Russell downgrade of the Nigerian Stock Exchange. The downgrade prompted immediate selloffs, resulting in a plunge in equities. The All-Share Index (ASI) traded 0.80% lower, and the market capitalization of equities saw a loss of N294 billion. Several stocks experienced mixed trading sessions, with tier 1 banks recording negative sessions.
The Edo State Primary Healthcare Development Agency (EDSPHCDA) recently organized a comprehensive staff training program aimed at transforming and enhancing healthcare service delivery in Edo State. The training program focused on ethics, professionalism, teamwork, quality management, and compliance, with the goal of fostering a patient-centric approach and ensuring healthcare excellence. Led by experienced consultants, the training initiatives affirm the Agency's commitment to the well-being of the people it serves.
Kwara State Sports Commission (KSSC) recently organized a seminar and workshop for coaches and secretaries of the commission with the aim of curbing doping among athletes in the state. The seminar was conducted by sports and anti-doping expert, Mr Femi Ayorinde and focused on enlightening the officials on the dangers of doping as the National Youth Games approach.
The Nigeria Customs Service (NCS) has embarked on a mission to address the issue of faulty documentation and under-declaration of goods by importers. Through continued engagement with stakeholders, the customs aims to educate and enforce proper customs procedures to ensure transparency and maximize revenue for the country.
The Nigeria Customs Service (NCS) has emphasized its determination to address the recurring issues of faulty documentation and under-declaration of goods by importers. Through continued stakeholders' engagements and routine training, the NCS aims to enlighten and equip licensed customs agents in Port Harcourt, helping them to adhere to proper customs procedures, ensure accurate declarations, and boost trade integrity. While the agents appreciated the transferred knowledge, they also advocated for improved infrastructure, specifically the rehabilitation of the East-West Road and Aba/Port Harcourt Road, which significantly impact the movement of goods.
Taraba State Governor, Dr. Agbu Kefas, has completed a three-day induction course and retreat for state executive council members in Abuja. The course aimed to build capacity and refresh leadership skills for the new administration. The report presented outlined solutions for developmental challenges and emphasized the importance of ethical conduct and cooperation among government arms.
The fifth edition of the West Africa Food Festival (WAFFEST) recently took place in Lagos, Nigeria, bringing together over 500 chefs and food industry professionals from across the region. With the theme of "Preserving West African Flavours: The Chef's Roles in Sustainable Food Tourism," the event showcased the diverse culinary traditions, flavours, and innovations of West Africa. Nestlé Professional, along with other sponsors, supported the festival, emphasizing the importance of collaboration and culinary excellence in the industry.
The Presidential Election Petition Tribunal is scheduled to deliver its final judgment on the petitions challenging President Bola Ahmed Tinubu's election victory. This news has caused quite a stir in Nigeria's political landscape, and the Court of Appeal's directive for staff to stay home on the judgment day has only heightened the anticipation. As Nigerians and the international community await the verdict, the opposition party, PDP, expresses faith in the judiciary to ensure justice in the presidential election.
Nigeria's Minister of State for Gas, Ekperikpe Ekpo, will showcase investment opportunities in the country's gas market at the African Energy Week conference in South Africa. Nigeria's strategic position, untapped gas resources, and recent regulatory reforms make it an attractive investment destination. The Decade of Gas initiative and identified critical gas projects are paving the way for large-scale developments. Nigeria's gas reserves, exploration efforts, and downstream infrastructure projects offer potential for foreign investors. The African Energy Week conference aims to connect capital with Nigerian gas projects.
Nigeria's President Bola Tinubu has ordered the withdrawal of all Nigerian ambassadors across the globe, with the exception of the country's permanent representatives to the United Nations in New York and Geneva. This decision comes after a thorough investigation into the situation at Nigerian consulates and embassies worldwide.
A group of young Nigerians is launching a new mentorship program aiming to connect ambitious individuals with experienced professionals. The program, set to launch virtually in September 2023, focuses on fostering personal and professional growth, creating a supportive community, and promoting continuous learning. Through this mentorship initiative, young Nigerians will have the opportunity to connect with mentors who will provide guidance, skill enhancement, and collaboration opportunities to help them achieve their goals and make a positive impact in their chosen fields.
The Delta State government has set a new target of enrolling 100,000 individuals into the State Contributory Health Scheme. This initiative aims to improve access to affordable healthcare for all citizens, aligning with the Sustainable Development Goal 3. With just N7,000, individuals can secure comprehensive health coverage for a year, including free primary and secondary care services and select surgical procedures. The government's efforts to expand healthcare coverage demonstrate their commitment to the well-being of its citizens.
Ableminds International Schools is set to provide Nigerians with the opportunity to enhance their skills in herbal medicine through a formal online training program. The program, which will take place on WhatsApp and Telegram, aims to educate participants about the fundamentals of herbal medicine and how it can improve their health. Director Livy Elcon-Emeronye urges Nigerians to take advantage of this opportunity to tap into the numerous advantages of herbal medicine.
The National Emergency Management Agency (NEMA) has organized an Emergency Coordination Forum Meeting to address the likely negative impacts of the recent release of water from Lagdo Dam on states and communities along River Benue in Nigeria. The meeting aimed to strategize and take necessary actions to mitigate the flood situation and provide support to affected people. Stakeholders from various sectors, including government agencies, military, and the United Nations, participated in the meeting and discussed practical solutions to address the challenges.
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