Market capitalisation rose by N259 billion or 0.37 per cent to close at N70.894 trillion, compared with N70.635 trillion on Monday.

Similarly, the All-Share Index (ASI) also increased by 411.52 points or 0.37 per cent, to settle at 112,427.48.

The uptrend was driven by strong buying interest in medium and large capitalised stocks such as Honeywell Flour Mill, SCOA Nigeria, SFS Real Estate Investment Trust, Industrial & Medical Gases and 32 other stocks.

Meanwhile, the market breadth also closed positive with 36 gainers and 32 losers.

On the gainers’ chart, Honeywell Flour Mill increased by 10 per cent, closing at N22.00 while SCOA Nigeria also gained 10 per cent, finishing at N5.39 per share.

SFS Real Estate Investment Trust climbed by 10 per cent, settling at N226.60 and Industrial & Medical Gases rose by 9.96 per cent, ending the session at N37.00 per share.

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Also, International Energy Insurance soared by 9.82 per cent, closing at N1.79 per share.

On the flip side, Conoil dropped by 10 per cent, settling at N268.30 while Learn Africa fell by 9.98 per cent, ending the session at N3.88 per share.

Transcorp Hotels declined by 9.97 per cent, closing at N132.80 and Julius Berger shed by 9.94 per cent, finishing at N120.50 per share.

Similarly, Chellaram dipped by 9.92 per cent, settling at N9.53 per share.

A total of 622.64 million shares worth N16.12 billion were traded across 17,044 transactions.

Transactions in the shares of Fidelity Bank topped the activity chart with 108.17 million shares, valued at N2.05 billion.

Legend Internet Plc followed with 60.95 million shares worth N344.36 million while United Bank for Africa sold 55.74 million shares valued at N1.93 billion.

Guaranty Trust Holding Company transacted 41.23 million shares worth N2.80 billion and Access Corporation traded 34.51 million shares at N754.43 million.

Source: NAN

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In a message he personally signed, Tinubu described him as a humble and diligent personality.

He said beyond his business achievements, Dr. Adenuga’s philanthropy, through the Mike Adenuga Foundation, had touched many lives—supporting tertiary education, healthcare, and cultural advancement across our nation.

The statement reads in full:

“I congratulate Dr. Mike Adeniyi Adenuga Jr., Chairman of Globacom and Conoil, as he marks his birthday on April 29.

“Dr. Adenuga’s life, from humble beginnings, is a testament to the power of vision and the outcome of resilience. His humility and diligence have enabled him to succeed in banking, telecommunications, oil, and gas.

“The man Nigerians affectionately call ‘The Guru’ has, through determination and hard work, built businesses that have created thousands of jobs for our people.

“Nigerians will always appreciate Globacom’s ingenuity in disrupting the billing template in the telecommunications sector. By pioneering per-second billing, Glo expanded telephony and digital access to millions of Nigerians.

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“In addition, Conoil has proven that an indigenous firm can compete with international oil companies, fostering energy independence and security for our country.

“Beyond his business achievements, Dr. Adenuga’s philanthropy, through the Mike Adenuga Foundation, has touched many lives—supporting tertiary education, healthcare, and cultural advancement across our nation.

“Dr. Adenuga, Nigeria is grateful for your immense contributions to our country’s progress and prosperity.

“I commend you for extending your investments to other African countries and Europe, a bold effort which earned you well-deserved honours as Commander of the Legion of Honour (France) and Ghana’s Companion of the Star of Ghana.

“On behalf of the people of Nigeria, I pray that God Almighty will continue to bless you with good health, wisdom, and renewed vision as you inspire others in service to our nation.

“Happy birthday, Dr. Mike!”

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The Director-General of FEMA, Alhaji Abbas Idriss, issued the warning while reacting to the fire outbreak at the Conoil filling station at Garki Area 10, in the Federal Capital City, which occurred on Saturday.

The filling station was the third station to be gutted by fire within the last two weeks.

Idriss disclosed that a task force would be constituted by the FCT Administration and would soon commence strict enforcement of the regulations on content discharge, safety of lives and properties of the residents.

He blamed the fires at the three filling stations on non-adherence to the regulations on content discharge, cautioning  that flouting the rules endangers the lives and properties of the residents of the FCT.

Idriss said: “The incessant fire out breaks at filling stations in the FCT are becoming increasingly worrisome.

“The major cause of the fire is non-adherence to the given time of content discharge, which is preferably early morning or late evening periods.

“Some filling stations also lack adequate fire defence equipment that will serve as first aid before the responders turn up.

“Some do not have trained safety officers who are supposed to guide the operators at the filling stations.”

The D-G said that the infernos penultimate week were as a result of wrong timing of content discharge which could be termed as deliberate negligence which the FCT Administration would no longer tolerate.

He listed the ill-fated filling stations to include; A. A. RANO by Mpape Junction along Kubwa Expressway on December 1, Danmarna filling station at FHA, Lugbe, on December 7, and Conoil Filling station at Area 10, Garki on Saturday.

The FEMA boss also attributed the fire outbreaks to the lingering fuel scarcity, which compelled station managers to commence the discharge of content immediately the tanker arrived the stations.

Idriss also said that the FCT Administration would open up discussions with the relevant NNPC Departments, security agencies and other stakeholders to see how it could strengthen the regulations.

This, according to him, would ensure full compliance of the laws and regulations with the view to saving lives and properties.

He commended the prompt response of the fire fighters especially the team from the Nigerian Navy, the Nigerian Army and other stakeholders in fighting the Conoil Fire.

Idriss also appreciated the security agencies for doing a great job by providing the needed security in order to prevent hoodlums from taking over the scene.

He said: “No lives were lost to the fire which started around 4.00 p.m. on Saturday. Some vehicles parked within the premises of the station were however burnt along with the tanker discharging the fuel, as well as the station.

“No estimate of loss is done yet. FEMA is therefore calling on all petroleum industry stakeholders to always operate within the standard safety regulations in the discharge of all petroleum contents either in the morning or evening.

“And also to make adequate provision for functional fire defence equipment with adequately trained manpower to handle any unlikely situation.

“In case of any emergency, FEMA response team could be reached 24/7 by calling the National Toll Free Emergency Number 112 for prompt response.”

Source: NAN

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