Nigerian Exchange records N8.66 trillion weekly gain amid increased trading
via Punch Nigeria2 min read
The Nigerian Exchange Limited experienced a significant weekly performance, with investors gaining N8.661 trillion due to heightened trading activity. Market capitalization increased by 6.60 percent, rising from N131.166 trillion to N139.827 trillion. The NGX All-Share Index also climbed by 6.57 percent, reaching 217,167.57 from 203,770.43 the previous week. A total turnover of 3.588 billion shares, valued at N195.313 billion, were traded in 254,553 deals, surpassing the 3.361 billion shares worth N151.948 billion exchanged in 229,442 transactions in the preceding week. The Financial Services Industry led sectoral activity, contributing 69.62 percent to total equity turnover volume and 48.13 percent to value. The Services Industry and Oil and Gas Industry followed in activity. Trading in Sterling Financial Holdings Company Plc, Access Holdings Plc, and Zenith Bank Plc accounted for a substantial portion of the total turnover volume and value. Sixty-one equities appreciated during the week, while 36 declined, and 49 remained unchanged. Top gainers included Trans-Nationwide Express Plc and Ecobank Transnational Incorporated, among others. Conversely, Coronation Insurance Plc and Ikeja Hotel Plc were among the top losers. The exchange also activated codes for rights issues by Guinea Insurance Plc, Lasaco Assurance Plc, and Sunu Assurances Nigeria Plc, enabling investors to trade in these offers.
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Spain forward Mikel Oyarzabal is set to play in Sunday’s FIFA World Cup final against Argentina, having scored in every major final of his professional career. The 29-year-old has found the net in all six of his senior career finals and has the chance to score another decisive goal when Spain faces Argentina in New York New Jersey. FIFA reports that Oyarzabal is bidding to become the first Spain player to score six goals at a single World Cup and no other Spain player has achieved two braces in one World Cup. His 30 international goals are still short of David Villa’s national record of 59, but he has broken the record for most goals by a Spain forward in a single season with 14. Oyarzabal has scored in two Copa del Rey finals with Real Sociedad, two UEFA Nations League finals, a UEFA EURO final, and an Olympic final. His latest World Cup goal came from a penalty in Spain’s semi-final victory over France. While Oyarzabal has scored in all six finals, his teams have a 4–2 record in those matches, with two losses despite his goals. His victories include the 2019/20 Copa del Rey, EURO 2024, 2024/25 UEFA Nations League, and 2025/26 Copa del Rey. His defeats were in the 2020 Tokyo Olympics and the 2020/21 UEFA Nations League.
Mrs. Dim Ebere, a 47-year-old teacher, has voluntarily reported to the Neni Police Station in Anambra State. She is the principal suspect in the alleged death of a 12-year-old boy who reportedly died from injuries sustained during a flogging incident at a school in Adazi-Enu, Anaocha Local Government Area. The Anambra State Police Command had launched a manhunt for Mrs. Ebere, and she surrendered following sustained operations by the command’s Safe School Protection Squad, in collaboration with officers from the Neni Divisional Police Headquarters and engagement with community leaders. Mrs. Ebere is currently in police custody and will be transferred to the State Criminal Investigation Department in Awka for further investigation. The police command has assured the public that justice will be served and urged calm, requesting continued cooperation with ongoing investigations.
Mrs. Oyinkansola Badejo-Okusanya, a Senior Advocate of Nigeria, has taken an early lead in the Nigerian Bar Association NBA presidential election. Early results show Badejo-Okusanya with 4,860 votes, or 41.77% of ballots counted. Her closest competitor, Lateef Omoyemi Akangbe SAN, received 3,851 votes 33.10%, while Aare Olumuyiwa Akinboro SAN garnered 2,924 votes 25.13%. If this trend continues, she could become the association's first female president. This development follows NBA President Afam Osigwe SAN dismissing allegations of attempting to rig or interfere in the election. Osigwe stated that the Electoral Committee of the Nigerian Bar Association operates independently and denied backing any candidate, calling such claims politically motivated. These remarks address weeks of controversy and questions regarding the integrity of the election process, which the association has consistently denied, asserting that only the Electoral Committee is constitutionally empowered to conduct the election.