spot_img
spot_imgspot_img
October 7, 2026 - 6:07 PM

Stock exchange gains come from Seplat, Airtel, and other sources

—

In the wake of advances in numerous blue-chip firms, particularly Seplat and Airtel Africa, yesterday’s closing of the Nigerian equities market saw a halt to losses, with investors’ wealth reaching N980 billion.

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) increased by 1,790.58 points at the end of trading yesterday, or 1.76 percent, to settle at 103,498.28 points. Additionally, market capitalization increased to N56.633 trillion at the closing, up N980 billion.

Large and medium-cap equities, such as Seplat Energy, Airtel Africa, Geregu Power, BUA Foods, and FBN Holdings (FBNH), had price increases that propelled the upswing.

The market was in a good mood as seen by the market breadth, with 28 equities rising compared to 25 falling. With 10 percent gains apiece to conclude at N2200 and N2.42 kobo, Airtel Africa and Unity Bank headed the gainers’ table. Juli Pharmaceutical came in second with a 9.91 percent gain to settle at N1.22 kobo. With a 9.9% gain, FBNHoldings closed at N27.20 kobo.

Morrison Industry closed at N3.02 kobo, up 9.82% from the previous closing. Seplat closed at N3,370 after appreciating by 9.61 percent. PZ Cussons finished at N27.50 kobo with 9.56% of the vote. May & Baker closed at N6.90 kobo after appreciating by 8.66 percent. BUA Foods closed at N320, up 7.02 percent.

To close at 46 kobo, Regency Insurance added 6.98 percent. Geregu closed at N770 after appreciating by 6.72% as well. Conversely, Meyer Paint saw a 9.99 percent decline to close at N6.22 kobo, while NCR and Mecure, Thomas Way saw the worst losses, falling by 10% each to close at N4.32 kobo, N9.72 kobo, and 2.25 kobo, respectively. BUACement closed at N150, down 9.91 percent.

With a 9.65% decrease, Fidelity Bank closed at N10.30 kobo. Guinea Insurance closed at 49 kobo after losing 9.26% of its value. Veritas Kapital closed at 73 Kobo after losing 8.75% of its value. Deap Capital closed at 60 kobo after depreciating by 7.69%. Closed at N1.65 kobo, UPDC lost 6.78 percent of its value.

In addition, Nigerian Aviation Handling Company saw a 6.67% decrease, closing at N2.53 kobo. Additionally, investors traded 426.861 million shares valued at N12.106 billion in 8654 deals compared to 263.192 million shares valued at N4.30 billion in 8614 deals, increasing the volume of transactions by 163.669 million, or 62.19 percent.

With 54.611 million shares valued at N1.478 billion, FBN Holdings topped market activity. United Bank for Africa came in second with an account of 47.658 million shares valued at N1.172 billion. Transnational Corporation of Nigeria swapped 30.645 million shares worth N394.902 million, Nigerian Breweries traded 25.487 million shares worth N968.657 million, and AccessCorp traded 46.045 million shares valued at N1.091 billion.

0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted

Share post:

Subscribe

Latest News

More like this
Related

Improve welfare of Nigerian Teachers 

I was and I am a teacher. I was a Parents Teachers Association hired teacher at Oba Akinbiyi High School (II), Mokola, Ibadan in 1997. Apart from that stint, I also taught briefly at a private secondary school during my National Youth Service at Asaba, Delta State as well as at another private secondary school at Akowonjo area of Lagos state around 2001 / 2002. My late father, Deacon Isaac Oyeniyi Ojo taught for about 40 years across several primary schools in Oyo and Osun sates and retired as a headmaster in 1995. At present, I don’t just teach but train people across various democratic institutions namely election management bodies (INEC and SIECs), political parties, media, national and state legislative assemblies, police, and civil society organisations. Information gleaned from the website of UNESCO says “World Teachers’ Day is held annually on 5 October to celebrate all teachers around the globe. It commemorates the anniversary of the adoption of the 1966 ILO/UNESCO Recommendation concerning the Status of Teachers, which sets benchmarks regarding the rights and responsibilities of teachers, and standards for their initial preparation and further education, recruitment, employment, and teaching and learning conditions. In 2026, the Day marks the 60th anniversary of the Recommendation concerning the Status of Teachers.” In Nigeria, this year's celebration focused on five interconnected pillars: innovation, mobility, Artificial Intelligence, inclusion, and professional excellence. The Minister of State for Education, Prof. Suwaiba Ahmad, announced that the selection process for the 2026 World Teachers' Day awards was digitised to promote transparency, accountability, and efficiency. The celebration includes a symposium, a march-past featuring state flags and cultural attire, and the recognition of 14 awardees, including the first, second, and third best teachers receiving prestigious car gifts, while the best Federal Unity College received a bus. Other prizes include laptops. In commemoration of the World Teachers Day, Dr. Akin Ayeni and I were guests on a breakfast programme on Ekiti 91.5 FM, Ado Ekiti last Monday where we dissected the plights of Nigerian teachers and proffered solutions to them. The host was Ademola Adeleke. I enumerated some of the plights of Nigerian teachers to include: Low wages, insecurity, quackery, inadequate classrooms, lecture theatres, libraries and laboratories, high turnover of staff especially in private schools, high workloads, disrespects from parents, students and even government. I made a proverb on the programme. Elo ni teacher ngba, ti o ntuto s’owo ka’wo osu (meaning, how much does a teacher earn that he or she needs to use saliva to count salary). This was a random joke even among teachers when they used to collect their salary in cash. This day, they receive their wages via online money transfer. The proverb however is meant to drive home the paltry nature of the salaries and wages of teachers cum lecturers. I recall the sticker produced by Academic Staff Union of Universities many years ago which has the inscription “My take home pay cannot take me home”. That’s very instructive. On issue of insecurity, according to Daily Trust of October 1, 2022, “The registrar of the Teachers Registration Council of Nigeria, Professor Josiah Ajiboye, said attacks on schools by insurgents have claimed the lives of more than 2,295 teachers in the North East between 2009 and 2022.” The PUNCH in its June 5, 2026 online edition reported that “An estimated 603 students and teachers have been kidnapped in seven mass abductions across schools in Nigeria between March 2024 and May 2026 under President Bola Tinubu, despite the N145bn Safe Schools Initiative.” Recall that on May 15, 2026, a total of 46 persons – seven teachers and 39 students – were abducted from Community High School Ahoro-Esinele and Yawota Baptist Nursery and Primary School in Oriire Local Government Area of Oyo State. Thankfully, most of them were rescued though two teachers were murdered by the bandits.  Michael Oyedokun, was reportedly beheaded, while John Olaleye, was shot dead during the attack. It is noteworthy that some university lecturers have also been abducted in the past. The heavy workloads and low wages have resulted into brain drain and high turnover of teaching staff across our academic institutions. Many education graduates don’t want to teach. The lecturers in tertiary institutions are leaving in droves for greener pasters abroad. Many teachers today take the job as a last resort when better options are not available. Many of the private schools recruit untrained teachers. They side step the federal government policy of having every teacher certified by Teachers Registration Council of Nigeria. Recall that the TRCN regulates the teaching profession in Nigeria by setting standards, accrediting teacher education programmes, registering qualified teachers, and enforcing professional ethics.  It establishes national minimum standards for teacher education and monitors teacher training institutions, including Colleges of Education, university faculties, polytechnic schools of education, and the National Teachers Institute. Unlike in the 20th century when teachers in Nigeria were widely respected and seen as mini-God, in contemporary times, there have been situation where pupils and students openly abuse teachers, bully them and even beat them up. Some irresponsible parents have even gone to school to harass and molest teachers for caning or meting out corporal punishments to their wards and children. Thus, many teachers now work in an atmosphere of fear. Mrs. Comfort Fasunwon is a multiple award-winning teacher in Ondo State, here is an excerpt from what she wrote on her Facebook wall in commemoration of the 2026 World Teachers Day “To my fellow teachers, today.  Teaching is not always easy. There are days when the workload is heavy, resources may be limited, and the results of our efforts may not be immediately visible. Yet we continue to show up, teach, encourage, correct, inspire and believe in our students. Sometimes, the greatest reward of a teacher is not a certificate or trophy. It is seeing a child who once struggled begin to understand. It is watching a student grow in confidence. It is meeting a former student years later and hearing the words, “Ma or sir, you made a difference in my life.” My plead to government at all level as well as private schools’ owners is to ensure that their schools are well resourced and staff welfare is made paramount. Professionalism should be their watchwords. Teachers’ rewards shouldn’t be in heaven; a foretaste of that should be here on earth. Best wishes to fellow teachers and nation builders. Remember the popular song that says “Anyone who hates teachers will homeschool his or her  child” I.G: @jideojong  

Over 22,000 Arms Recovered Across Nigeria in 10 Years – NCCSALW

The National Centre for the Control of Small Arms...

NBA Calls for End to Torture, Deaths in Nigeria’s Detention Centres

The Nigerian Bar Association (NBA) has called for tougher...

Kari, Tinubu – APC and Nigeria’s Years of Devaluation

Whenever I think about 2015, I remember two births....
Join us on
For more updates, columns, opinions, etc.
WhatsApp
0
Would love your thoughts, please comment.x
()
x