
Abia State Governor, Dr Alex Otti, has signed into law a bill establishing a center for the rehabilitation of survivors of rape, defilement, domestic violence, and human trafficking. The law, titled Abia State Centre for the Rehabilitation of Survivors of Rape, Defilement, Domestic Violence and Human Trafficking Law, 2026, was assented to on Monday at the Government House, Umuahia. Governor Otti commended the Abia State House of Assembly for the speedy passage of the bill and praised government officials, including his wife, for their roles in its conception. He emphasized the need for societal reorientation to address the root causes of gender-based violence, stating that acts like rape, child abuse, and human trafficking are alien to Igbo culture. The governor also mentioned his administration's efforts to create employment opportunities to engage youths productively and reduce criminal behavior. The Speaker of the State House of Assembly, Emmanuel Emeruwa, presented the bill for assent, highlighting its importance and accelerated consideration. Mrs. Priscilla Otti, the governor's wife and initiator of the bill, expressed her elation, stating that the law will provide support and hope for victims, ensuring they receive rehabilitation and the necessary assistance to move forward.
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This summary was AI-generated from a story originally published by Punch Nigeria.
The Nigerian equities market experienced its fourth consecutive day of losses, with the overall market capitalisation decreasing by N581bn, or 0.37 percent, to N155.359tn. The All-Share Index also fell by 905.30 points, a 0.37 percent decline, closing at 242,227.31 points. This downturn was primarily due to profit-taking in large and medium-capitalised stocks such as Aradel Holdings, UACN, Stanbic IBTC Holdings, Eterna, and Transnational Corporation. Market breadth was negative, with 30 declining stocks outnumbering 24 advancing ones. McNichols led the decliners with a 10 percent drop, followed by Associated Bus Company and Eterna. Conversely, International Energy Insurance saw the highest gain, rising 10 percent, with Omatek Ventures, Ellah Lakes, Abbey Mortgage Bank, and Cutix also recording significant increases. Activity metrics weakened, as total volume traded decreased by 43.4 percent to 522.28 million units, valued at N24.11bn. Access Holdings led in trading volume, followed by FCMB Group, Nigerian Exchange Group, Zenith Bank, and Sterling Financial Holdings Company.
The Nigerian Railway Corporation is contemplating an increase in passenger and freight tariffs to address escalating operational costs. This consideration follows the expiration of a 50 percent Eid-el-Kabir train fare discount offered by the Federal Government. The corporation faces significant financial pressure from rising expenses in fuel, maintenance, security, personnel, spare parts, and infrastructure management. Spending on diesel alone exceeded N1.2bn in April 2026. Officials indicate that the current pricing structure is unsustainable, and the corporation is also contending with increased maintenance costs for locomotives, coaches, tracks, and signaling systems, as well as the soaring cost of imported spare parts. Vandalism and attacks on railway infrastructure further strain finances, particularly on routes like Abuja-Kaduna. The Managing Director of the Nigerian Railway Corporation, Dr. Kayode Opeifa, acknowledged the cost pressures but affirmed the corporation's commitment to affordable rail transportation and alignment with President Bola Tinubu’s Renewed Hope Agenda.
Must ReadThe United States has announced new economic sanctions targeting Cuba's president, Miguel Diaz-Canel, his wife, and stepson. The sanctions also extend to members of the Castro family, including the son and a grandson of former president Raul Castro, as well as the Ministry of the Revolutionary Armed Forces and other entities. These measures are part of Washington's ongoing efforts to increase pressure on Cuba. The US has maintained an embargo on Cuba for decades, with recent months seeing a significant escalation in pressure, including a de facto fuel blockade that has impacted the island's energy supply and economy. This follows earlier restrictions on visas for Cuban officials in 2025.
Must ReadCandidates taking the 2026 West African Senior School Certificate Examination in Oyo were observed completing their Agricultural Science practical examination late at night without electricity, relying on lanterns and mobile phone flashlights. A video showed students writing in darkness, prompting concerns from parents regarding the examination's conduct and candidate safety. Pastor S.O. Solarin criticized the late delivery of examination materials, warning that prolonged delays could expose students to security risks, especially given the country's security challenges like kidnappings. Solarin stated that some candidates waited hours for papers, forcing them to remain at centers beyond scheduled times. He urged the West African Examinations Council to explain these delays to parents, schools, and communities. This incident follows a similar report from May 2025, where candidates wrote their English Language paper late at night using alternative light sources due to power outages.