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Equity Market: NSE Records Downward trend

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Trading in the Equity Market of the Nigerian Stock Exchange (NSE) on Tuesday finished in the downward trend as some blue chips stocks recorded price loss resulting to 91.9 per cent drop in the bench mark index, the all share index.
In specific terms, the all share index losts 402.16 points compared with 21,665.46 basis points at which it closed the previous day while the market capitalisation of listed equities dipped by N95 billion to close at N5.02 trillion against N5.111 trillion at which it opened.
Lafarge WAPCO Plc led the pack of 40 stocks that drifted in the red in terms of their share prices dipping 155 kobo to close at N29.45 per share compared with an opening price of N31 Julius Berger Nigeria Plc shed 141 kobo to close at N26.91 per share from an opening price of N28.32 to emerge second on the price losers table.
First Bank Plc, Zenith Bank Plc and United Bank for Africa Plc also featured on the price losers’ table dropping 74 kobo, 72 kobo and 59 kobo to close at N14.11, N13.68 and N11.26 per share respectively.
On the flipside Unilever Nigeria Plc led the stocks that featured on the green table adding 79 kobo to close at N16.61 per share while Ashaka Cement Plc followed with 30 kobo to close at N13.40 per share.
Dangote Flour Plc and National Aviation Handling Company Plc garnered 23 Kobo and 12 Kobo to close at 4.93 per share and N7.02 per share in that order even as Redstar Express Plc added N11 kobo to close at N2.36 per share.
In terms of the day’s transaction volume, the market turned over a total of 338.798 million units of shares valued at N3.063 billion in 5,675 deals.
Banking stocks were the most sought after with 237.27 million ordinary shares valued at N1.95 billion exchanging hands in 3020 trades while insurance stocks followed with 31.8 million ordinary shares exchanging hands in 391 deals at the value of N23.32 million volume in the Banking subsector was mainly driven by transaction in the shares of United Bank for Africa and Diamond Bank Plc. United Bank for Africa accounted for 39.1 million ordinary share valued at N447.4 million in 211 deals followed by Diamond Bank with 29.5 million ordinary shares worth N205.7 million in 135 trades.

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USTR Criticises Nigeria’s Import Ban On Agriculture, Others

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The United States Trade Representative (USTR) has criticised Nigeria’s import ban on 25 categories of goods, claiming that the restrictions limit market access for American exporters.
This is the effect of President Donald Trump’s tariffs introduction on goods entering the United States, with Nigeria facing a 14 per cent duty.
The USTR highlighted the impact of Nigeria’s import ban on various sectors, particularly agriculture, pharmaceuticals, beverages, and consumer goods.
The restrictions affect items such as beef, pork, poultry, fruit juices, medicaments, and alcoholic beverages, which the United States sees as significant barriers to trade.
The agency argues that these limitations reduce export opportunities for United States businesses and lead to lost revenue.
“Nigeria’s import ban on 25 different product categories impacts United States exporters, particularly in agriculture, pharmaceuticals, beverages, and consumer goods.
“Restrictions on items like beef, pork, poultry, fruit juices, medicaments, and spirits limit United States market access and reduce export opportunities.
“These policies create significant trade barriers that lead to lost revenue for United States businesses looking to expand in the Nigerian market”, the agency said .
In 2016, Nigeria implemented the ban on these 25 items as part of efforts to control imports and stimulate local production.
Some of the banned items include poultry, pork, refined vegetable oil, sugar, cocoa products, spaghetti, beer, and certain medicines.
On March 26, 2025, the  Federal Government also announced plans to halt solar panel imports to encourage local manufacturing as part of its push for clean energy.

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Expert Seeks Cooperative-Driven Investments In Agriculture 

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A leading agribusiness strategist and digital agriculture expert, Ayo Oluwa Okediji, has sought cooperative-driven investments in sustaining growth of poultry industry in Nigeria.
He said the poultry industry was at a defining moment and requires urgent structural reforms to secure its future and ensure long-term sustainability.
Speaking on the theme, “Strengthening Poultry Farming Through Cooperative Synergy and Strategic Investments”, at the recently concluded Oyo Mega Poultry Workshop 2025 in Ibadan, Okediji called on poultry farmers, cooperative leaders, financial institutions and policy makers to rethink the existing structure of the poultry sector.
He stressed the need to transition from fragmented, individually-driven operations to well-structured, cooperative-led enterprises capable of attracting sustainable financing and securing long-term viability.
He said, “Our poultry sector cannot thrive on individual effort alone. We need to organise ourselves into cooperative clusters, build strong governance systems and position ourselves to attract the level of investment needed to sustain this industry beyond this generation.”
Drawing on lessons from successful global cooperative models such as Rabobank in the Netherlands and Landus Cooperative in the United States, Okediji introduced the FarmClusters Poultry Model, a locally adapted solution developed by Agribusiness Dynamics Technology Limited (AgDyna), a subsidiary of AgroInfoTech Africa.
According to him, the model is currently being piloted in Oyo State in partnership with PANOY Agribusiness Limited and local poultry cooperatives.

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NACCIMA Proposes Hybrid Oil Palm Seedlings For Farmers

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The Rivers State Representative of the Nigeria Chambers of Commerce, Mines, Industries and Agriculture (NACCIMA), Mr. Erasmus Chukwundah, has urged palm oil farmers to consider hybrid seedlings for planting, if they must break even in palm oil business.
Chukwundah said this recently at the Free Oil Palm Business Climate Smart Best Management Practice/Assistance Training organized by Partnership Initiative In Niger Delta (PIND) for Palm Oil Farmers in Elele, Ikwerre Local Government Area.
The Rivers representative said until palm oil farmers begin to consider such hybrid oil palm seedlings, they may not meet up with the daily increasing demand of palm oil in the market.
According to him, the seedlings produce up to 30 bunches at once that ripen same time.
He said PIND decided to partner with Oil Palm Growers Association of Nigeria (OPGAN) to ensure that the message was received by the targeted audience.
According to him, palm oil remained a popular choice of industry operators as it could be converted to many other products such as vegetable cooking oil.
He also noted that products such as motor tyers, marine ropes and others are now gotten from the palm tree.
Chukwundah, who is the immediate past Director-General of Port Harcourt Chamber of Commerce, Mines, Industries, and Agriculture (PHCCIMA), further warned against use of unrecommended fertilisers in growing oil palms.
He noted that such practices could limit its export value or chances as the foreign marketers have a way of detecting such .
He reiterated the need for organic fertilizers, including poultry droppings, to enable them have a natural palm oil.
“People must reduce physical contact with palm oil production. That is why we are campaigning for hydrolic oil mills. The foreign markets are no longer interested in crude method of palm oil production”, he said.
Meanwhile, one of the farmers, Sonny Didia, who appreciated Chukwundah’s commitment towards the concern of farmers, appealed for an urgent need for loan opportunity with low interest rate in order to enable them beat the target.

King Onunwor

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