EcoBank TransNational Incorporated (ETI) and Julius Berger traded higher at the end of yesterday’s transactions on the equities sector of the Nigerian Exchange Limited (NGX).
EcoBank TransNational Incorporated and Julius Berger traded higher at the end of yesterday’s transactions on the equities sector of the Nigerian Exchange Limited .
Ella Lakes and Sovereign Trust Insurance also gained 5.16 per cent and 4.76 per cent to close at N3.26 kobo and 44 kobo. On what will shape the market in the next trading session, analysts at Vetiva Dealings and Brokerage, said: “Market activity took a major breather, as investors await results from the T-bills primary auction, while also trading cautiously following the rebounds in some of the major sectors. We expect similar tepid session tomorrow .”
Months after the Central Bank of Nigeria halted direct intervention in the economy, the monetary authority has allocated 2.15 million bags of fertilizer valued at N100 billion to the Federal Ministry of Agriculture and Food Security for distribution to farmers. Despite the abundance of pulp and paper materials , Nigeria’s paper mills remain moribund, forcing the country to spend billions of naira on the importation of papers yearly.
The Ibadan Electricity Distribution Company has expressed apprehension over the escalating challenges adversely affecting power supply and highlighted critical issues, including a shortage in gas supply, maintenance crisis and a surge in vandalism, which are significant impediments to ensuring a consistent and reliable power distribution.
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