Strong buying interest in NAHCO, Trans-Nationwide Express, Ecobank Transnational, Access Corporation, Daar Communications, and 39 other equities drove the rally.

Market capitalisation rose from N136.435 trillion to N139.826 trillion, a gain of N3.391 trillion or 2.49 per cent.

The All-Share Index climbed 5,266.55 points, or 2.49 per cent, to close at 217,167.57.

Year-to-date return rose to 39.56 per cent, while market breadth stayed positive with 44 gainers against 27 losers.

NAHCO and Trans-Nationwide Express led gainers, rising 10 per cent each to N220 and N6.05, respectively.

Ecobank Transnational gained 9.97 per cent to N67.30, Access Corporation rose 9.93 per cent to N29.90, while Daar Communications advanced 9.64 per cent to N1.82.

A Lagos-based market analyst said sustained buying momentum reflected improved investor sentiment and anticipation of stronger corporate earnings across the banking and industrial sectors.

Mecure led losers, falling 9.96 per cent to N60.60, followed by Honeywell Flour, down 9.52 per cent to N19, and Abbey Mortgage Bank at N8.10.

E-Tranzact dropped 9.27 per cent to N18.60, while Caverton Offshore Support Group fell 9.02 per cent to N5.55.

Total traded volume surged 115.08 per cent to 1.26 billion shares worth N54.35 billion across 56,923 deals.

Sterling Bank led volume chart with 383.85 million shares, accounting for 30.51 per cent of total trades.

Aradel topped value chart at N9.75 billion, representing 17.94 per cent of the day’s turnover.

Source: NAN

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Investor interest in key stocks like Seplat Energy, RT Briscoe, Deap Capital Management, Zichis Agro Allied Industries, Daar Communications and 41 others, contributed to the market’s positive performance.

The market capitalisation increased by N283 billion, or 0.25 per cent rising from N114.377 trillion at the opening to N114.660 trillion at the close.

Similarly, the All-Share Index (ASI) advanced by 0.25 per cent, gaining 441.27 points to close at 178,625.63, compared to 178,184 36 reported on Wednesday.

The performance brought the Year-To-Date (YTD) return further up to 14.79 per cent.

In the same vein, the market breadth closed positive with 46 gainers and 35 losers.

Seplat Energy, RT Briscoe and Deap Capital Management led the gainers’ chart by 10 per cent, settling at N8,107, N15.84 and N8.69 per share respectively.

Zichis Agro Allied Industries increased by 9.97 per cent, finishing at N9.82 while Daar Communications grew by 9.96 per cent, closing at N2 76 per share.

On the flip side, Nigerian Aviation Handling Company led the losers’ chart by 9.98 per cent, ending the session at N148.45, Abbey Mortgage Bank trailed by 9.68 per cent, finishing at N11.20 and Eterna dropped by 9.50 per cent, closing at N30 per share.

May and Baker fell by 9.19 per cent, finishing at N40.50 while Ecobank Transnational Incorporated shed by 8.72 per cent, closing at N45 per share.

Analysis of the market activity revealed an overall decline as 698.3 million shares valued at N28.4 billion were traded across 50,886 deals.

This is compared with 939.2 million shares worth N34.03 billion that was exchanged in 61,279 transactions.

Meanwhile, Access Corporation recorded the highest volume with 52.05 million shares traded, accounting for 7.45 per cent of the day’s total volume.

Guaranty Trust Holding recorded the highest value traded at N4.34 billion, accounting for 15.25 per cent of the total value traded for the day.

Source: NAN

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Demands for Nigerian Aviation Handling Company, Deap Capital Management, Omatek Ventures, Zichis Agro Allied Industries, Austinlaz and 55 other equities drove the market’s positive performance.

Specifically, the market capitalisation which opened at N109.129 trillion, gained N1.105 billion or 1.01 per cent to close at N110.234 trillion.

The All-Share Index also gained by 1.01 per cent or 1,722.13 points, to close at 171,727.49, against 170,005.36 recorded on Thursday.

This led the Year-to-date return to 10.36 per cent.

Also, the market breadth closed positive with 60 gainers and 19 losers.

Nigerian Aviation Handling Company, Deap Capital Management and Omatek Ventures led the gainers’ chart by 10 per cent each, finishing at N136.40, N6.82 and N2.64 per share respectively.

Zichis Agro Allied Industries and Austinlaz grew by 9.98 per cent each, closing at N6.72 and N5.40 per share respectively.

Conversely, The Initiates led the losers’ chart by 9.74 per cent, settling at N19.45, Daar Communications trailed by 7.32 per cent, closing at N1.90.

The United Capital shed by 6.55 per cent, finishing at N18.55 per share.

Also, WAPIC Insurance dipped by 5.71 per cent, ending the session at N3.30 and First Holding Company lost by 5.53 per cent, closing at N47 per share.

A total of 953.8 million shares worth N43.1 billion were exchanged in 51,005 deals, against 712.9 million shares valued at N22.3 billion that was traded across 46,104 transactions.

This showed a 34 per cent increase in volume, 94 per cent growth in turnover, and 11 per cent improvement in deals.

Fidelity Bank recorded the highest volume with 92.39 million shares traded, accounting for 9.69 per cent of the day’s total volume.

Presco recorded the highest value traded at N11.27 billion, accounting for 26.15 per cent of the total value traded for the day.

Source: NAN

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The upbeat performance was supported by gains in stocks such as Premier Paint, Universal Insurance, Daar Communications, RT Briscoe, Morison and 25 others.

Market capitalisation, which opened at N106.153 trillion, rose by N9 billion, or 0.01 per cent, to close at N106.162 trillion.

Similarly, the All-Share Index (ASI) gained 0.01 per cent, or 14.24 points, to settle at 165,384.64, up from 165,370.40 recorded on Friday.

However, market breadth ended negative, with 44 declined stocks, compared to 30 that advanced.

Omatek led the losers’ chart by 10 per cent, closing at N2.70, Union Homes Real Estate Investment trailed by 9.96 per cent, settling at N85.40 while AXA Mansard fell by 9.94 per cent, ending the session at N14.31 per share.

Deap Capital Management dropped by 9.90 per cent, finishing at N8.46 and Cileasing shed by 9.80 per cent, closing at N6.90 per share.

On the other hand, Premier Paint and Universal Insurance led the gainers’ chart by 10 per cent each, ending the session at N11 and N1.32 per share.

Daar Communications rose by 9.93 per cent, finishing at N1.55, RT Briscoe increased by 9.92 per cent, settling at N8.64 and Morison grew by 9.91 per cent, closing at N10.98 per share.

Analysis of the market activity showed an overall increase in the market deals, volume and value.

Investors traded a total of 762.8 million shares in value of N18.4 billion across 55 374 deals, compared with 687.4 million shares valued at NN14.9 billion exchanged in 41,553 deals posted previously.

Meanwhile, Tantaliser recorded the highest volume with 88.49 million shares, accounting for 11.60 per cent of the total volume traded for the day.

Zenith Bank recorded the highest value traded at N2.87 billion, accounting for 15.61 per cent of total value traded for the day.

Source: NAN

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Specifically, market capitalisation grew by N618 billion or 0.7 per cent, closing at N89.960 trillion from N89.342 trillion on Thursday.

Similarly, the All-Share Index increased by 983.99 points or 0.7 per cent to close at 142,133.03 from 141,149.04 recorded previously.

Also, the market breadth closed positive with 36 gainers and 23 losers.

Thomas Wyatt Nigeria led the gainers’ table by 10 per cent, closing at N3.30 while The Initiates and Eunisell Interlinked grew by 9.98 per cent each, ending the session at N13.22 and N33.60 per share respectively.

FTN Cocoa Processors rose by 9.96 per cent, finishing at N5.96 and Omatek Ventures soared by 8.57 per cent, settling at N1.14 per share.

Conversely, Fidelity Bank led the losers’ table, dropping by 10 per cent, closing at N18.45, Custodian Investment trailed by 8.90 per cent, settling at N44 while Cutix fell by 8.31 per cent, finishing at N3.20 per share.

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Daar Communications dipped by 7.02 per cent, ending the session at N1.06 and Union Dicon Salt declined by 5.26 per cent, closing at N9 per share.

Analysis of the market activity revealed decline in the market value and volume with an improvement in the deals.

A total of 518.7 million shares valued at N18.05 billion were traded across 22,350 deals, compared to the previous day’s 5.5 billion shares worth N419.7 billion exchanged in 20,399 transactions.

Abbey Mortgage Bank topped the activity chart in volume with 50.03 million shares valued at N340.2 million.

Zenith Bank followed with 38.97 million shares worth N2.7 billion while Stanbic IBTC sold 38.95 million shares valued at N4.2 billion.

FCMB traded 32.3 million shares worth N347.8 million and Sovereign Trust Insurance transacted 27.3 million shares valued at N84.1 million.

Source: NAN

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The show is organised by Big Brain Productions in collaboration with DAAR Communications Plc.

The organisers said at a news conference and partnership signing agreement on Thursday in Abuja, that the show would be staged in the Federal Capital Territory, FCT.

They said the reality show, scheduled to hit screens across Nigeria from October, would be aired on Africa Independent Television, AIT.

Mr Kel Ameobi, Chief Executive Officer, Big Brain Productions, said the initiative was to celebrate the ingenuity and passion of the Nigerian youth.

According to him, the show is conceived to promote  national harmony, besides its entertainment value.

“Big Brain Naija show was created with a simple but very powerful vision: to build a reality TV show where intelligence meets entertainment.

“For too long we’ve seen and we have also heard our airwaves filled up with entertainment that promotes all sorts of things, very unspeakable things.

“We’ve watched as youths on different platforms fight and entertain us with emptiness, whereas the brightest amongst us have no stage to shine.

“Big Brain Naija is not a show of noise but of ideas. It’s not a house of immorality but a stage for innovation, to celebrate ideas, creativity, innovation and entrepreneurship,” he said.

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In his remarks, Mr Marcel Anyalechi, Chief Executive Officer, DAAR Communications Plc., lauded the initiative, saying it would create a desired impact in the entertainment industry as it blends creativity and innovation.

“I commend you so much for taking this project to this stage, and for us at DAAR Communications Plc., we express our total commitment to this project.

“We are glad that we are part of the project, and we are going to use all our media platforms to promote it to the Nigerian public, Africans and the rest of the world.

“I congratulate you on this initiative, and I believe that at the end of season one or two of this project, it will bring smiles to the faces of Nigerians,” he said.

Earlier, Ossai Ilome, Chief Operating Officer, Big Brain Naija, said season one of the show would bring 37 contestants from the 36 states of the federation, including the FCT.

He said, among other innovations, the show would be anchored by AI-powered judges, making it the first of its kind in Africa.

According to him, the winner of the show will go home with N30 million and a car as the grand prize.

“While we give credence to the entertainment industry and to those who have promoted Nigeria as a country, the time has come for us to showcase Nigerians who are very intelligent, industrious and visionary.

“These are attributes that Nigerians are known all over the world; they are known as intelligent people, industrious people and visionary people.”

However, he said, most of the reality TV shows we have in the country do not seem to reflect this culture associated with our people.

“The Big Brain Naija reality TV show is coming with a lot of value not just for the people, but for the country, to demonstrate that Nigerians are indeed exceptional.

“Although the show is largely focused on intelligence and impact, of course, we are not leaving out the aspect of entertainment, because it is a reality show,” he said.

Source: NAN

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His son, Raymond Dokpesi Jnr, who had earlier tested positive had been at the facility receiving treatment.

The status of the founder of the communication outfit and his family members were announced on Friday on ait.live.

He was quoted as having said: “I am quite okay. I feel very well.”

Meanwhile, contact tracing was said to have begun.

Also, test for the disease had been extended to senior management members and staff of DAAR Communication who might have had contact with Dokpesi.

The headquarters of the company in Abuja had also been fumigated.

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EFCC arraigned Dokpesi in 2015, on a seven-count charge, bordering on alleged N2.1 billion fraud, said to be payments received from the office of the former National Security Adviser, Sambo Dasuki.

At the resumed hearing, the prosecuting counsel, Mr Rotimi Jacobs (SAN), informed the court that the matter had been adjourned for Dokpesi to open his defence.

Dokpesi was called as the first defence witness and led in evidence by his counsel, Mike Ozekhome (SAN).

Dokpesi told the court that he was a marine engineer by training and founder of Daar Investment and Holding, the parent company of Daar Communications.

He further told the court that the company which had been in business in the past 32 years for print media and 28 years for electronic media, served governments at all levels, business entities, individuals and corporate organisations.

“All that any of our customer needs to do is reach out to our canvassers through our marketing and sales officers and management to book for airtime on the product they want advertised.

“There is no special treatment, as it is one and the same procedure for everybody; Federal Government, state government or individuals,” he said.

He also told the court that the company had a brochure with advert rates where corporate organisations and individuals could peruse to pick the package that they were most comfortable with.

Ozekhome tendered the brochure as an exhibit and it was admitted in evidence.

When he, however, sought to tender a receipt issued to Nasarawa State Government by Daar Communications, the prosecutor objected on the grounds that the document was irrelevant to the case.

“The receipts were not issued to the Federal Government and are not related to the sum of the charge which is N2.1 billion.

“All the receipts were issued in 2019, while proceedings in this suit are still pending, contrary to Section 83 of the Evidence Act.”

The prosecutor insisted that since the documents sought to be tendered were photocopies, the people with the original receipts should be subpoenaed to produce the original receipts.

The judge, Justice John Tsoho,  adjourned the matter until January 22 for continuation of trial.

Source: NAN

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The commencement of operations followed the verdict of a Federal High Court which nullified the suspension of the licence of the broadcasting company.

While ordering the reopening of the stations under DAAR Communications, the judge, Inyang Ekwo, summoned the NBC and Ministry of Information over the suspension of the company’s licence.

NBC  shut down the stations on Thursday.

According to the Director-General of NBC, Modibbo Kawu, who addressed a press conference in Abuja on the issue, the licence was suspended following the failure of the organisation to obey broadcasting rules.

He said the action became necessary after the organisation refused to heed warnings that had been issued at different times.

“Today the 6th of June, 2019, AIT/Rapower embarked on use of inflammatory, divisive, inciting broadcasts, and media propaganda against the government and, the NBC for performing its statutory functions of regulating the broadcast industry in Nigeria.

“Consequently, after several meetings with management of Daar Communications Plc and many letters of warning, the NBC, today 6th June, 2019 took a decision to suspend the licence of Daar Communications Plc for failure to abide by the Commission’s directives, the provisions of the NBC Act Cap N11. The SHUT DOWN order is until further notice.”

Kawu stated further:  “In one of our meetings, held on 2nd June, 2017, the Commission expressed its disappointment with the way and manner Hate Speech, divisive and inciting comments are applied in discussion of national issues in breach of the provisions of the NBC Act and Broadcast Code.

“Again, on 15th August, 2017, it became imperative to invite the company for yet another meeting on almost same issues. Furthermore, while addressing another meeting on 7th February, 2018 we highlighted issues of concern to the Commission which indicated that the company had been breaching the provisions of Sections 3.1.2 and 3.1.3 of the broadcast Code. The company’s delegates in their response promised to abate the breaches and comply with the law.

“However, on October 18, 2018, the Commission was disturbed with the manner in which social media issues became part of the mainstream media unedited on AIT/Raypower, and was constrained to issue a generic letter to all broadcast stations on.”

Earlier on Thursday, the founder of DAAR Communication, Raymond Dokpesi, during a press conference, accused the Presidency of attacking his organisation in different ways.

Speaking at the press conference held at the headquarters of the company in Abuja, Dokpesi said the attacks included imposition of fines unduly by the NBC and the demolition of part of its property.

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