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Stock Market Indices Tilt Northward

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The Equity market of the Nigerian Stock Exchange (NSE) finished in the green last week with the key market indicators tilting in the north ward direction.
Specifically the all share index, the Nigerian Stock market benchmark index surged by 1.61 per cent to close at 22,653.17 basis points as against 22,293.53 basis points of the preceding week.
The market capitalisation of listed equities added about N200 billion to finish at N5.34 trillion as against N5.2 trillion recorded the previous week.
Market analysts had attributed the development to the ongoing banking reform carried out by the Central Bank of Nigeria (CBN) and the positive changes in the macroeconomic level of the country’s economy.
The NSE-30 index, a gauge for the stock performance of 30 largest companies in the market according to the NSE weekly report, rose by 2.6 per cent to close at 863.38 points.
The barometer for measuring the performance of food and beverage stocks, the NSE food and beverages index was up by 2.56 per cent to close at 475.40 points.
The NSE banking index, a gauge for banking stocks rose by 1.3 per cent to close at 371.93 points. While the NSE Oil and Gas index rose by 5.95 per cent to close at 308.51 points.
The NSE Insurance index, a gauge that measures performance of insurance stocks, however took a downward trend as it dropped by 1.95 per cent to close at 306.03 points.
Flour Mills of Nigeria Plc led the pack of 41 stocks that appreciated in price for the week with a gain of 603 Kobo to close at N29.03 per share while Oando traded with 579 Kobo gain to close at N93.99 per share.
Other price gainers in the top 10 category were African Petroleum Plc 535 Kobo, Mobil Oil Nigeria Plc 473 Kobo, UAC Nigeria Plc 430 Kobo, Nigerian Breweries Plc 350 Kobo, Nestle Nigeria Plc 299 Kobo, Lafarge Cement WAPCO 255 Kobo, Conoil Plc 141 Kobo and Guaranty Trust Bank Plc 135 Kobo.
On the flipside, Eterna Oil & Gas Plc led the pack of 55 stocks that drifted in the red in terms of their share prices dropping 120 Kobo to close at N11.20 per share while Nigerian Bottling Company Plc followed with 115 Kobo loss to close at N22.30 per share.
Other price drifters in the top 10 top bracket for the week include Seven Up Bottling Company Plc 92 Kobo, BOC Gases Plc 74 Kobo, FCMB Plc 64 Kobo, Spring Bank Plc 52 Kobo, African Alliance Insurance Plc 48 Kobo, RT Briscoe Plc 45 Kobo, Portland Points Plc 36 Kobo and Oceanic Bank International Plc 35 Kobo.

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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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