City Crime
NSE: Listing More Companies Restores Investors’ Confidence
Following the listing of some new companies on the floor of the Nigerian Stock Exchange (NSE), market operators are of the view that listing of more companies at a bearish period would deepen activities at the market and restore investors’ confidence.
This development, according to them, would lead to investors having variety of choices of equities to diversify their portfolios.
Speaking on the heels of recent listing of some companies on the exchange and the proposed listing of many others, Mr Funmi Abiodun, a broker with Supra Investment Limited, said the development was a good omen for the market.
He added that having many stocks coming to list especially at a bearish period like this would improve investor’s confidence in the market.
Mr Adelaja Emmanuel, a broker with Cordros Capital Limited, noted that “an increase in listed companies would reduce the concentration risk in the nation’s capital”, observing that it would lead to improvement in the variety and depth of securities traded in the market.
He noted that the fear of their shares value being eroded had made most qualified companies to shy away from listing their shares.
Adeija further noted that with confidence gradually returning to the market and with the recent auditing of the banking sector there is hope for an improvement in the market.
He pointed out that the problem with the market is liquidity and he foresees the market going back to the bullish before the end of the first quarter of 2010.
A market analyst said that more listing of companies is a good development to the market. He urge the companies that are ready to list to do so, saying that this would boost the market confidence level, advising them not to wait till the market recovers.
He urged entrepreneurs to always look towards the listing of their companies as such would boost confidence in them and sustain their business.
The NSE of recent listed Honeywell Plc, Beco Petroleum Products Plc, Guaranty Trust Assurance Plc and Aso Savings and Loans Plc, which increased the equities to 214 and with some new applications already approved.
City Crime
2024? ?? ??? ??? – ??? ????? ??? ??
City Crime
RESIDENCY TRAINING: FUBARA PAYS OVER N300M GRANT IN TWO YEARS FOR 389 DOCTORS
Rivers State Governor, Sir Siminalayi Fubara, has approved the release of over N300million as grant to 389 medical doctors in the State Civil Service who are on residency training.
The released fund will cover two consecutive years – 2023-2024 – Residency Training Grant requirements with payments ranging from N800,000 to N900,000 per resident doctor for each year.
A total of 215 resident doctors received the funding for the year 2023, while 174 resident doctors have so far received the training grant in 2024 in the State.
With this milestone, the administration of Governor Siminalayi Fubara has set a new record in the healthcare funding as residency training grant has only been paid twice in the past 16 years, with the last paid in 2018.
By this strategic action, Governor Fubara, has recommitted the resolve of his administration towards ensuring that the training initiative aimed at supporting the professional development of doctors, at both the Junior and Senior residency cadres, is not frustrated due to absence of the requisite grants that serve as enduring incentives to the health personnel.
It also shows that Governor Fubara considers such comprehensive support for residency training as strategic investment in improving the capacity of healthcare personnel which will eventually enhance the quality of healthcare services available to Rivers people in the health sector.
Governor Fubara particularly expressed the belief that with such support from his administration, the benefitting medical doctors will be dutiful with the residency training, which is an essential stage of graduate medical education, to acquire the competence needed to enable them offer the best service while working in the employ of the state government.
Reacting to the groundbreaking achievement, Hon Commissioner for Health, Dr Adaeze Chidinma Oreh, acknowledged the importance of the course updates and components to the capacity of the personnel to address the challenges in quality healthcare delivery in the State.
Dr Oreh said: “These are essential for doctors to stay current with the latest medical knowledge and practices, ensuring they can provide the best possible care to patients.
“Research is a critical component of medical training, and these funds help cover the costs associated with developing and presenting research proposals and dissertations.
“Also, travelling to examination centres can be costly, especially for doctors stationed in various parts of the State. For these examinations which are usually held outside the State, and in some cases, outside the country, this funding ensures that transportation costs do not hinder their ability to attend necessary examinations,” she added.
Dr Oreh further spoke on the burden examination fees pose on medical personnel, saying: “The examination fees for the Parts I and II residency exams are very expensive, and by covering these fees, the government ensures that financial constraints do not prevent doctors from advancing in their careers.”
She thanked the Governor for paying priority attention to the welfare needs of personnel in the health sector, explaining that the Governor’s proactive action and political will to address critical issues that impede human capacity development was worthy of emulation.
The commissioner emphasised that the gesture of Governor Fubara, barely one year in office, will ultimately yield better health outcomes for Rivers people in particular and Nigerians at large.
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