Business News
John Holt leads this week’s gainers as NSE closes on negative note
The Nigerian Stock Exchange closed down 0.99% in the last trading week in August.m
The Nigeria Stock Exchange (NSE) ended the week on a negative note for the month. This week, the All-Share Index closed at 27,525.81 basis points, down 0.69%. Year to date, the index is down 12.42%.
25 equities appreciated in price during the week, lower than 40 equities that appreciated in the previous week. 35 equities depreciated in price this week, as against 25 equities in the previous week, while 106 equities remained unchanged this week, higher than 101 equities recorded in the preceding week.
Here are the top 10 gainers and losers for the week.
Top Gainers
John Holt Plc
John Holt Plc was the best-performing stock this week. The stock opened at N0.46 and closed at N0.55, up N0.09 or 19.6%.
Year to date, the stock is up 25%.
Continental Reinsurance Plc
Continental Reinsurance Plc opened at N1.30 and closed at N1.45, up N0.15 or 11.5%.
Year to date, the stock is up 24.1%.
[READ MORE: How to standout in a saturated market]
Unity Bank Plc
Unity Bank Plc opened at N0.63 and closed at N0.70, up N0.07 or 11.1%.
Year to date, the stock is down 34.6%.
Mutual Benefits Assurance Plc
Mutual Benefits Assurance Plc opened at 0.20 and closed at 0.22, up N0.02 or 10%.
Year to date, the stock is up 4.8%.
Stanbic IBTC Holdings Plc
Stanbic IBTC Holdings Plc opened at N35.00 and closed at N38.00, up N3.00 or 8.6%
Year to date, the stock is down 20.8%.
Tripple Gee and Company
Tripple Gee and Company opened at N0.63 and closed at N0.68, up N0.05 or 7.9%.
Year to date, the stock is up 11.7%.
Consolidated Hallmark Insurance Plc
Consolidated Hallmark Insurance Plc opened at N0.28 and closed at N0.30, up N0.02 at 7.1%.
Year to date, the stock is down 21.1%.
Associated Bus Company Plc
Associated Bus Company Plc opened at N0.30 and closed at N0.32, up N0.02 at 6.7%.
Year to date, the stock is up 10.3%.
Africa Prudential Plc
Africa Prudential Plc opened at N375 and closed at N4.00, up N0.25 at 6.7%
Year to date, the stock is up 3.4%.
Cement Company of North Nigerian Plc
Cement Company of North Nigerian Plc rounded off the top gainers for the week. The stock appreciated by 6.4%, opening at N14.90 and closing at N15.85, up N0.95.
Year to date, the stock is up 18.3%.
[READ ALSO: Zenith Bank sets new date for dividend payout]
Top Losers
Seplat Petroleum Development Company Plc
Seplat Petroleum Development Company Plc was the worst-performing stock this week, shedding 18.8%. The stock opened the week at N490.00 and closed N397.70, down N92.30.
Year to date, the stock is down at 37.9% and is trading at a year low.
UACN Property Development Company Plc
UACN Property Development Company Plc opened the week at N1.07 and closed at N0.88, down N0.19 or 17.8%.
Year to date, the stock is down 53.9%.
International Breweries Plc
International Breweries Plc opened the week at N11.50 and closed at N9.75, down N1.75 or 15.2%.
Year to date, the stock is down 68%.
GlaxoSmithKline Consumer Nigeria Plc
GlaxoSmithKline Consumer Nigeria Plc opened the week at N8.30 and closed at N7.20, down N1.10 or 13.3%.
Year to date, the stock is down 50.3%.
University Press Plc
University Press Plc opened the week at N1.55 and closed at N1.37, down N0.18 at 11.6%.
Year to date, the stock is down 37.2%.
[READ FURTHER: May & Baker lost over N500 million in six months]
Julius Berger Nigeria Plc
Julius Berger Nigeria Plc opened the week at N20.60 and closed at N18.55 down N2.05 or 10%.
Year to date, the stock is down 7.7%.
Champion Breweries Nigeria Plc
Champion Breweries Nigeria Plc opened the week at N1.69 and closed the week at N1.53 down N0.16 or 9.5%.
Year to date, the stock is down 23.1%.
Ecobank Transnational Incorporated
Ecobank Transnational Incorporated opened the week at N8.00 and closed at N7.25, down N0.75 or 9.4%
Year to date, the stock is down 48.2%.
Trans-Nationwide Express Plc
Trans-Nationwide Express Plc opened the week at N0.77 and closed N0.70, down N0.07 or 9.1%.
Year to date, the stock is down 7.7%.
Honeywell Flour Mills Plc
Honeywell Flour Mills Plc rounded up the top 10 losers for the week. The stock fell by 9.09%, opening at N1.10 and closing N1.00, down N0.10.
Year to date, the stock is down 21.9%.
[READ MORE: The Stock Market ends the week in positive territory]
Coronavirus
COVID-19 Update in Nigeria
On the 18th of September 2020, 221 new confirmed cases and 1 death were recorded in Nigeria.
The spread of novel Corona Virus Disease (COVID-19) in Nigeria continues to record increases as the latest statistics provided by the Nigeria Centre for Disease Control reveal Nigeria now has 56,956 confirmed cases.
On the 18th of September 2020, 221 new confirmed cases and 1 death were recorded in Nigeria, having carried out a total daily test of 2,609 samples across the country.
To date, 56,956 cases have been confirmed, 48,305 cases have been discharged and 1,094 deaths have been recorded in 36 states and the Federal Capital Territory. A total of 482,321 tests have been carried out as of September 18th, 2020 compared to 479,712 tests a day earlier.
COVID-19 Case Updates- 18th September 2020,
- Total Number of Cases – 56,956
- Total Number Discharged – 48,305
- Total Deaths – 1,094
- Total Tests Carried out – 482,321
According to the NCDC, the 221 new cases were reported from 18 states- Lagos (59), Abia (46), FCT (22), Gombe (20), Plateau (17), Rivers (11), Bauchi (7), Benue (6), Ekiti (6), Imo (6), Kaduna (4), Kwara (4), Ondo (4), Ogun (3), Osun (3), Bayelsa (1), Edo (1), Kano (1)
Meanwhile, the latest numbers bring Lagos state total confirmed cases to 18,827, followed by Abuja (5,526), Oyo (3,226), Plateau (3,192), Edo (2,611), Kaduna (2,326), Rivers (2,220), Delta (1,799), Ogun (1,758), Kano (1,734), Ondo (1,594), Enugu (1,234), Ebonyi (1,035), Kwara (1,013), Abia (881), Katsina (845), Osun (810), Gombe (799), Borno (741), and Bauchi (689).
Imo State has recorded 557 cases, Benue (473), Nasarawa (447), Bayelsa (394), Jigawa (322), Ekiti (313), Akwa Ibom (288), Niger (250), Anambra (232), Adamawa (230), Sokoto (161), Taraba (95), Kebbi (93), Cross River (85), Zamfara (78), Yobe (73), while Kogi state has recorded 5 cases only.
READ ALSO: COVID-19: Western diplomats warn of disease explosion, poor handling by government
Lock Down and Curfew
In a move to combat the spread of the pandemic disease, President Muhammadu Buhari directed the cessation of all movements in Lagos and the FCT for an initial period of 14 days, which took effect from 11 pm on Monday, 30th March 2020.
The movement restriction, which was extended by another two-weeks period, has been partially put on hold with some businesses commencing operations from May 4. On April 27th, 2020, Nigeria’s President, Muhammadu Buhari declared an overnight curfew from 8 pm to 6 am across the country, as part of new measures to contain the spread of the COVID-19. This comes along with the phased and gradual easing of lockdown measures in FCT, Lagos, and Ogun States, which took effect from Saturday, 2nd May 2020, at 9 am.
On Monday, 29th June 2020 the federal government extended the second phase of the eased lockdown by 4 weeks and approved interstate movement outside curfew hours with effect from July 1, 2020. Also, on Monday 27th July 2020, the federal government extended the second phase of eased lockdown by an additional one week.
On Thursday, 6th August 2020 the federal government through the secretary to the Government of the Federation (SGF) and Chairman of the Presidential Task Force (PTF) on COVID-19 announced the extension of the second phase of eased lockdown by another four (4) weeks.
READ ALSO: Bill Gates says Trump’s WHO funding suspension is dangerous
Business
BREAKING: Fire guts fuel tanker, vehicles at Anthony, Lagos
The tanker conveying PMS lost control while in motion and subsequently fell sideways.
There is a fire outbreak, which has gutted a fuel tanker, at Anthony inward Gbagada, Lagos State.
This was disclosed by the Federal Fire Service via its Twitter handle on Friday evening. The incident, which occurred around 10 pm, has razed at least two vehicles.
First responders and other Emergency agencies are already at the scene of explosion in Anthony, Lagos State, Nigeria. Please avoid the area, take alternative routes.
— Federal Fire Service (@Fedfireng) September 18, 2020
The agency urged road users to avoid the area and take alternative routes.
Also, the Director-General of the Lagos State Emergency Agency, Dr Olufemi Oke-Osanyintolu, confirmed the incident.
He said, “The Agency responded to distress calls and upon arrival at the scene of incident, it was discovered that a tanker with unknown registration number conveying PMS lost control while in motion and subsequently fell sideways.
“This led to an explosion in which two unidentified vehicles were burnt.”
A joint team of responders led by the Federal Fire Service, LASEMA, LASG fire service, LRU fire unit, Nigeria Police and LASTMA are working together to curb the inferno from escalating further.
Details soon …
Tech News
Facebook to open Lagos office in 2021
When the social media giant comes to Nigeria, it will be its second office on the African continent.
Social Media giant, Facebook announced it would open an office in Lagos in 2021, its second office in the continent and the first in Africa to house software engineers.
This was announced by Facebook Program Manager, Chimdindu Aneke on social media. “We are opening a Facebook office in Lagos, Nigeria later in 2021,” he said.
We are opening a Facebook office in Lagos, Nigeria later in 2021. 😍😍😍
First office on the continent to house a team of expert engineers building for the future of Africa and beyond!https://t.co/XIIO8CU0Bj pic.twitter.com/F7KZrufBtY
— Chimdi Aneke (@chimdinduaneke) September 18, 2020
He added that the office would be the first in Africa by Facebook for the purpose of engineering and “building for the future of Africa and beyond”.
Media aide to the Presidency, Tolu Ogunlesi quoted Facebook saying, “As part of its continued commitment and ongoing investment in Africa, Facebook today announced it will be opening an office in Lagos, Nigeria – its second office on the African continent.”
BREAKING:
“Lagos, Nigeria, September 18, 2020/ — As part of its continued commitment and ongoing investment in Africa, @Facebook today announced it will be opening an office in Lagos, Nigeria – its second office on the African continent.”#InvestNigeria 🇳🇬🇳🇬🇳🇬
— tolu ogunlesi (@toluogunlesi) September 18, 2020
In 2019, Facebook’s biggest market in Africa was Nigeria with 33 million monthly active users.
COVID-19 Update in Nigeria
BREAKING: Fire guts fuel tanker, vehicles at Anthony, Lagos
GTBank, Dangote Sugar stocks record gains, All Share Index gains 0.16%
Facebook to open Lagos office in 2021
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COVID-19 Update in Nigeria
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This is a copy of the Self-Certification form govt. wants targeted account holders to fill
