News
NSE commences week with 0.30% loss

The Nigerian Stock Exchange (NSE) commenced trading for the week on Monday with a loss of 0.30 per cent.
Specifically, the All-Share Index (ASI) dipped 72.83 points to close at 24,753.92 compared with 24,826.75 achieved on Friday.
Also, the market capitalisation which opened at N12.951 trillion lost N38 billion or 0.30 per cent to close at N12.913 trillion.
The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; Stanbic IBTC Holdings, Nigerian Breweries, BUA Cement, Ardova and Flour Mills.
On market performance, analysts at United Capital said: “This week, we expect a tepid performance at the equity market, as investors continue to soft pedal on stock ahead of half year results.”
Also, analysts at Imperial Asset Research, expected an element of bargain hunting by some investors.
They added that some active traders would buy into some stocks that have shed weight in the previous weeks.
They urged that investors with long-term investment goal should continue to build their portfolios given the current attractive valuation of most fundamentally viable stocks.
Market breadth closed negative with 11 gainers compared with 26 laggards.
Neimeth led the losers’ chart in percentage terms, dropping 9.74 per cent, to close at N1.39 per share.
Cutix followed with a loss of 9.09 per cent to close at N1.60 per share.
Honeywell and Stanbic IBTC Holdings dipped 8.33 per cent each to close at 99k and N30.25 per share, respectively.
Chams declined by eight per cent to close at 23k, per share.
Conversely, Japaul Oil led the gainers’ table in percentage terms, gaining 8.70 per cent, to close at 25k, per share.
Nestle trailed with 7.72 per cent to close at N1,179, while Fidson appreciated by 7.49 per cent to close at N3.30, per share.
Sterling Bank garnered 6.67 per cent to close at N1.28, while Unity Bank appreciated by 5.26 per cent to close at 60k, per share.
Also, the total volume of shares transacted decreased by 28.62 per cent to 124.69 million shares, worth N1.32 billion, exchanged in 3,843 deals.
This was against a turnover of 174.68 million shares valued at N2.01 billion achieved in 3,695 deals on Friday.
Transactions in the shares of Japaul Oil dominated the activity chart with 13.61 million shares worth N3.30 million.
Guaranty Trust Bank came second with 11.35 million shares valued at N260.47 million, while Zenith Bank traded 10.43 million shares valued at N168.81 million.
United Bank for Africa (UBA) sold 7.97 million shares worth N50.48 million, while Chams transacted 7.86 million shares worth N1.85 million.
News
N10bn Alleged Loot: EFCC Probes SGF Akume’s PA ,Torhile Uchi

Indications emerged that the personal Assistant to the Secretary to the Government of the Federation, SGF Senator George Akume, Hon. Andrew Torhile Uchi, is currently in the facility of the Economic and Financial Crimes Commission, EFCC over allegations bordering on corruption, bribery and money laundering amounting to a whooping N10 billion.
A highly placed source at the Commission yesterday, confirmed to our correspondent that the embattled Uchi was invited by the operatives of the Commission on Monday, upon a petition received by the anti-graft agency over Alleged properties he acquired in Abuja, Jos, Makurdi, Gboko and Wannune in Tarka, local government Area of Benue State amounting to over N6 billion.
According to the source, further investigations so far, has revealed that between December 2023 to date the anti-graft agency has been able to trace a whooping N1.6 billion that was allegedly used in buying purch cars through four new generations banks to nine car dealers in Abuja, Kaduna, Lagos, Jos and Makurdi respectively.
The source further added that two Bureau de change operatives are currently been investigated by the Commission, over their alleged involvement in the scam, owing that most of the funds credited to embattled Torhile Andrew Uchi, emanated from their coys.
He said that the Commission is currently working towards getting a court nod to widen the scope of their investigations to the properties in Abuja, Jos and other part of the country to ascertain the source of the income and how the properties were allegedly purchased.
As of the time of filing in this report Mr. Uchi, is still in custody of the Economic and Financial Crimes Commission, EFCC, telling the dreaded operatives of the Commission how he allegedly got the funds which is largely believed to be proceeds from bribes.
Efforts to reach the spokesman of the Commission, Mr Dele Oyewale, proved abortive as his phone lines was said to be switched off.
News
Natasha suspended solely for unruly behaviour – Senate tells IPU

The Nigerian Senate has formally responded to Senator Natasha Akpoti-Uduaghan’s complaint to the United Nations Inter-Parliamentary Union (IPU), refuting allegations that her suspension was linked to claims of sexual harassment.
According to Vanguard, Senator Natasha had petitioned the global body, seeking intervention over what she described as an injustice against her.
However, in a letter signed by Senate Leader Opeyemi Bamidele, the Senate insisted that her six-month suspension was due to “gross misconduct and unruly behavior”, not allegations of sexual harassment or assault.
The letter, read by Hon. Kafilat Ogbara, Chairperson of the House of Representatives Committee on Women Affairs and Social Development, stated:
“The authority of the Senate of the Federal Republic of Nigeria firmly refutes the deliberate misinformation and false narrative being circulated by certain media organisations regarding the six-month suspension of Senator Natasha-Akpoti-Uduaghan.”
It further emphasized that “Senator Uduaghan was suspended solely for her persistent act of misconduct and disregard for the Senate Standing Orders.”
Additionally, the Senate called for a thorough investigation into the allegations she raised against Senate President Godswill Akpabio, maintaining that all due procedures were followed before her suspension.
Senator Natasha, however, vowed to continue her fight against “injustice”. Meanwhile, Senate President Akpabio has denied the accusations, asserting that he has never assaulted any woman.
The dispute between the two lawmakers intensified on February 20, 2025, after Natasha’s seat was changed during plenary. Their tensions date back to July 2024, when Akpabio rebuked her for alleged misconduct, telling her the Senate was “not a nightclub where anybody can talk anyhow.” He later apologized for the remark.
News
Gov Okpebholo recalls Edo Attorney General, Osagie, from suspension

Edo State Governor, Senator Monday Okpebholo, has reinstated the Attorney General and Commissioner for Justice, Hon. Samson Osagie, exactly 37 days after his suspension.
A letter addressed to Osagie by the Secretary to the State Government (SSG), Umar Ikhilor, Esq., and marked SGA. 15/NOL.XV111/215, conveyed the governor’s directive. The letter, dated March 12, 2025, and released at 8:15 p.m., stated that an investigative panel had exonerated Osagie of alleged financial infractions.
The letter read: “Having considered the report of the Investigative Panel set up by Government to investigate allegations of financial infractions reported against you, which has exonerated you from the said allegations, I write to convey the directive of the Governor of Edo State, His Excellency, Senator Monday Okpebholo, that you resume duties as the State Hon. Attorney General and Commissioner for Justice with effect from 12th March, 2025.”
Reacting to his reinstatement, Osagie expressed appreciation for the governor’s leadership, describing the decision as a testament to Okpebholo’s sincerity and vision for Edo State.
“I appreciate his sincerity of purpose and vision for the state. This is a clear indication that His Excellency, Sen. Monday Okpebholo, means well for the state. I use this medium to reiterate my commitment and loyalty to him and his administration,” Osagie said.
He further pledged to support the governor in advancing Edo State, emphasizing his dedication to ensuring progress and recovery in the state’s governance.
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