The Nigerian Stock Exchange (NSE) ended Thursday’s trading session in negative territory. The All-Share Index closed at 27,252.72 basis points, down 0.25%. Year to date, the index is down by 13.29%.
UAC of Nigeria Plc was the best-performing stock today. The stock gained 10% to close at N5.50. UACN Property Development Company Plc also gained 10% to close at N0.99. Cadbury Nigeria Plc gained 6.45% to close at N9.90. Okomu Oil Palm Plc also gained 6.13% to close at N44.15. Nigerian Aviation Handling Company Plc rounded off the top five gainers for today. The stock gained 6.12% to close at N2.60.
On the flip side, Ikeja Hotel Plc was the worst-performing stock, declining by 9.30% to close at N1.17. Honeywell Flour Mill Plc fell by 7.07% to close at N0.92. PZ Cussons Plc fell by 5.08% to close at N5.60. Fidelity Bank Plc fell by 3.75% to close at N1.54. LASACO Assurance Plc rounded off the top five losers for the day. The stock shed 3.57% to close at N0.27.
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Top Trades by Volume
Guaranty Trust Bank Plc was the most actively-traded stock today. 35 million shares valued at N925.8 million were traded in 141 deals. FBN Holdings Plc was next with 12.2 million shares valued at N55 million traded in 297 deals, followed by Guinness Nigeria Plc with 10 million shares valued at N377.7 million traded in 41 deals.
Zenith Bank Plc was next with 8.9 million shares valued at N156.6 million traded in 222 deals. Transnational Corp of Nigeria Plc rounded off the top five most actively traded stocks today with 6.2 million shares valued at N6.2 million traded in 46 deals.
Oando Plc notified the general public that the NNPC/NAOC/OANDO Joint Venture (NNPC 60%, Oando 20% and NAOC the operator 20%), had made a significant gas and condensate find in the deeper sequences of the Obiafu-Obrikom fields, in OML61, onshore Niger Delta.
Tripple Gee & Company Plc notified the general public that its 29th Annual General Meeting would hold at the MUSON Center, 8/9, Marina Road, Onikan, Lagos State on September 16, 2019, by 10 am.
#EndSARS: Protests may return if panels do not address all issues in 2 weeks – Former Nigerian Minister
Akinyemi says the #EndSARS protesters would return to the streets if their demands are not addressed in two weeks.
COVID-19: Jason Njoku and wife test positive
iROKOtv CEO and wife have contracted the novel coronavirus.
Jason Chukwuma Njoku, the co-founder and CEO of iROKOtv and his wife has tested positive for COVID-19. However, Mrs. Mary Njoku is feeling well.
Jason, disclosed this via his Twitter handle stating that “My enemies are hard at work in 2020. Mrs. Njoku and I tested positive for Covid-19. I’m not feeling great, but Mary is well. Literally no idea how I caught it. But we shall see this pass too.”
The media mogul did not reveal if his children caught the virus too.
My enemies are hard at work in 2020. Mrs Njoku and I tested positive for Covid19 😩. I'm not feeling great but Mary is well. 😷🤢. Literally no idea how I caught it. 🤷🏾♂️. But we shall see this pass too🙏🏾. pic.twitter.com/tnsP1BCPBB
— JasonNjoku (@JasonNjoku) October 28, 2020
UK High Commission reopens visa application centres in Nigeria
Days after it was shut down, United Kingdom High Commission in Nigeria has announced the reopening of its visa application centres.
The United Kingdom High Commission in Nigeria has announced the reopening of its visa application centres in the country.
This comes some days after the high commission had shut down its visa application centres in Victoria Island, Lagos and Abuja over the outbreak of violence arising from hijacked #EndSARS protests against police brutality and extra-judicial killings, which led to the loss of lives, vandalization, and looting of public and private assets across the country.
The disclosure was made by the High Commission in a statement through a tweet post on its official Twitter handle.
The High Commission, however, noted in its statement, titled, “Update on UK visa application centres in Nigeria” that its centres would not open on Thursday due to the public holiday in Nigeria, in honour of the Eid-El Malaud celebration.
The statement from the UK high commission, partly reads, “Our TLS contact visa application centres are now open in Nigeria. Following the recent closures, we are working hard to process all outstanding applications.’’
“We thank you for your continued patience and understanding. Please note Thursday, October 29, is a public holiday in Nigeria and our Visa application centres will be closed.”
The reopening of the visa applications centres after they were shut about a week ago is due to the gradual return of peace and order to some of those trouble spots, following the intervention of security agents.
The UK High Commission had been very critical of the outbreak of violence in the country, especially the shooting of unarmed protesters at Lekki Tollgate by alleged military personnel, and asked the government to thoroughly investigate the incident and ensure justice is done.
In its statement, the High Commission said, “We remain concerned by acts of looting and violence in Nigeria and urge security services use restraint as the order is restored. Working with all stakeholders, judicial panels of inquiry must investigate all incidents, including Lekki and ensure accountability for crimes.”
What you should know
The Judicial Panel of Inquiry set up by the Lagos state government to handle all cases of police brutality in the state have also been mandated to conduct an inquiry into the shooting of unarmed protesters last week.
Amnesty International earlier said that 12 people were allegedly shot dead by the police and army at two locations during the hijacked protests.
Explore Data on the Nairametrics Research Website
Please see below 👇🏼 for an update on UK Visa Application Centres in Victoria Island, Abuja & Lagos.
— UK in Nigeria🇬🇧 (@UKinNigeria) October 26, 2020