Firm Denies Sabotaging Akwa Ibom Power Supply
==========

Accugas Limited, a subsidiary of Savannah Energy Plc, denies allegations of causing a blackout in Akwa Ibom State; Governor Umo Eno fired Engr Meyen Etukudoh, managing director of Ibom Power Company, due to claims of debt owed to Savannah Energy; Accugas attributes the power outage to a fault in the 132-KV Aba-Itu transmission line; Accugas has supplied gas to Ibom Power Company since 2014 and invested over US $1.5 billion in gas development in Akwa Ibom; Savannah recently invested US $45 million in a gas compression project.

#Accugas #SavannahEnergy #AkwaIbom #PowerOutage #Nigeria #GovernorUmoEno #IbomPowerCompany #Investment #GasSupply #TransmissionLine

https://leadership.ng/firm-denies-sabotaging-akwa-ibom-power-supply/ 

 Economic Hardship: Foreign Travel Drops By 60% In Lagos, Abuja Airports
==========

Outbound foreign travel from Nigeria dropped by over 60% in 2024; passenger numbers fell from 2.04 million in 2023 to 816,000 in 2024; high foreign currency rates, especially the US dollar, made travel expensive; air ticket prices increased by over 600% since 2023; economy seats to the USA rose from N350,000 to between N2.7 million and N3 million; Dr. Kingsley Nwokoma of AFARN noted a decline of 40-50%; travel agents report only a few can afford foreign travel; high inflation and naira depreciation further impacted travel; Kano Airport remains resilient with regular flights despite economic conditions.

#ForeignTravel #Nigeria #EconomicHardship #Airlines #Naira #PassengerTraffic #AirTicketPrices #KanoAirport #LagosAirport #AbujaAirport

https://leadership.ng/economic-hardship-foreign-travel-drops-by-60-in-lagos-abuja-airports/ 

 Caribbean Countries Seek Dangote’s Partnership In Cement, Fertiliser Production
==========

Prime Minister of Grenada, Dickon Mitchell, highlights Dangote Petroleum Refinery as crucial for industrial growth in developing countries; Dangote Group considers partnerships in cement, fertiliser, and petroleum production with Caribbean nations; Mitchell praises the $20 billion refinery as Africa's largest private investment, employing young professionals; Dangote discusses potential crude oil imports from Caribbean countries while supplying refined products; CARICOM, a union of 15 member states, aims to enhance its economy through collaboration.

#Dangote #Caribbean #Cement #Fertiliser #Partnership #Grenada #Caricom #Investment #Petroleum #Industrialisation

https://leadership.ng/caribbean-countries-seek-dangotes-partnership-in-cement-fertiliser-production/ 

 Fuel Price Hike Paining Us– Pensioners
==========

The Nigeria Union of Pensioners (NUP) expressed frustration over economic hardships due to fuel subsidy removal and price hikes; NUP president Comrade Godwin Abumisi stated pensioners are suffering as their pensions have become worthless; hyperinflation has increased costs of goods and services, making survival difficult; the government has not fulfilled promises of a N25,000 palliative and a six-month wage award; NUP calls for pension benefits to be adjusted to match the new minimum wage of ₦70,000 and for a 110% increase in pensions; Abumisi urged President Bola Tinubu to reconsider the subsidy removal and address the economic crisis.

#FuelPriceHike #Pensioners #Nigeria #EconomicHardship #Hyperinflation #GovernmentPolicy #Nup #MinimumWage #PresidentBolaTinubu

https://leadership.ng/fuel-price-hike-paining-us-pensioners/ 

 Mini Refineries Risk Closure Over Profit Concerns
==========

Smaller refineries, especially in Africa, are at risk of closure due to downward return on investment as new mega refineries come online and China's economy falters; Lacklustre demand growth, largely reflecting China's economic torpor, and surging capacity from new facilities are driving the decline in earnings; Refineries globally will process about 900,000 barrels more crude this year than last, with new plants in Nigeria, Mexico, China, and Oman contributing to the increase; Margins are likely to slide, potentially tightening supply, but there are limits to how far they will decline; Older plants are due to shut, particularly in Europe, and disruptions from high temperatures and hurricanes in the Atlantic pose risks in the summer; Chevron, TotalEnergies, and Phillips 66 have all reported weaker refining business in their recent earnings; Shell CEO says prices and margins have normalized to pre-2022 levels.

#Refineries

https://leadership.ng/mini-refineries-risk-closure-over-profit-concerns/ 

 Bauchi Gov Tasks New Judges, Khadis On Speedy Justice
==========

Bauchi State governor Bala Muhammad has sworn in six High Court Judges and six Khadis for the Shariah Court of Appeal. The governor emphasized the judiciary's importance in promoting justice and ensuring the rule of law. He urged the new judges to dispense justice without fear or favor and to be guided by fairness, equity, and justice principles. Governor Muhammad also urged the newly sworn-in judges and Khadis to work towards decongesting the correctional facilities in the state and prioritize cases involving inmates awaiting trial for extended periods. The chief judge, Justice Rabi Umar, commended the governor for the confidence reposed in the new judges and assured that the judiciary was committed to decongesting the correctional facilities and ensuring that justice is served without delay.

#BauchiState #Judiciary #Justice #HighCourtJudges #ShariahCourtOfAppeal

https://leadership.ng/bauchi-gov-tasks-new-judges-khadis-on-speedy-justice/ 

 Agitation In South East Reducing Under Tinubu – Kalu
==========

Deputy Speaker of the House of Representatives, Hon. Benjamin Okezie Kalu, stated that the crises in the South East region have reduced under President Bola Tinubu's approach to peace through non-kinetic means. Kalu made this statement at the plenary session of the ongoing 2024 First Ordinary Season of the ECOWAS Parliament. He mentioned that the military has toned down its operations and followed Tinubu's directive to use non-kinetic means to settle conflicts in the zone. This approach has helped restore tranquility in the region and enabled the zone to appeal for the release of agitators in prison through a political solution. Kalu urged the subregional body to adopt the same measure for resolving similar issues.

#SouthEast #BolaTinubu #Peace #NonkineticMeans #ConflictResolution

https://leadership.ng/agitation-in-south-east-reducing-under-tinubu-kalu/ 

 Tinubu Has Reinforced Citizens' Confidence, Trust In Government — Agbese
==========

The Deputy Spokesman of the House of Representatives, Hon. Philip Agbese, commends President Bola Tinubu for restoring confidence, equality, and trust in the government. Agbese notes that Tinubu has shown dedication to uniting the country, bridging gaps, and fostering a sense of belonging among citizens. He also praises the diplomatic approach employed by Deputy Speaker Rt. Hon. Ben Kalu in championing the cause of Nnamdi Kanu's release. Agbese hopes that Kanu will seize the opportunity for redemption and focus on promoting peace and progress for the Igbo people. He commends Tinubu's leadership, which has reinforced citizens' confidence and trust in the government, and has led to improvements in infrastructure development, economic growth, and social welfare programs.

#BolaTinubu #PhilipAgbese #NnamdiKanu #BenKalu #Government #Unity #Peace #Progress #IgboPeople #Confidence #Trust

https://leadership.ng/tinubu-has-reinforced-citizens-confidence-trust-in-government-agbese/ 

 How Nigeria Can Realise Peaceful Coexistence – Group
==========

A group called Abdullahi Omaki Community Peace Initiatives Network (AOCPIN) has called for rethinking creative initiatives and platforms to evolve new networks of actors committed to driving effective peacebuilding processes in Nigeria. The founder and executive vice chairman of AOCPIN, Ambassador Abdullahi Omaki, stated this at the inauguration of the National Peace and Harmony Council. He emphasized that Nigeria's diversity creates trust issues, which can be converted into assets through creative management. However, the advantages of diversity have regrettably transformed into challenges, with a suffocating impact on the country and its citizens. The national elites and political class have compounded matters by manipulating Nigeria's diversity, obstructing opportunities for national cohesion and collaboration. Nigeria faces numerous challenges that test its resolve, compassion, and commitment to peaceful coexistence. The group believes that in the face of adversity, Nigeria has a choice to let the differences divide it or to come together in the spirit of peace, harmony, and unity. The National Peace and Harmony Council represents a beacon of hope and a symbol of collective desire to rebuild a society where every individual can thrive, regardless of their background, beliefs, or affiliations. Peace and harmony are essential foundations upon which a just, equitable, and prosperous nation can be built. They require effort, dedication, and engagement in difficult conversations to address injustices and inequities in society.

#Peacebuilding #Diversity #Nigeria #NationalPeaceAndHarmonyCouncil

https://leadership.ng/how-nigeria-can-realise-peaceful-coexistence-group/ 

 Aduke Opens Turaka, African Creative, Social Hub In UK
==========

Aduke Aladekomo has launched Turaka, an African creative and social hub in Kent, United Kingdom. Turaka aims to showcase African arts, culture, and entertainment while providing a platform for creatives to thrive and connect. The launch event was attended by various individuals including Seyi Obadare, Teju Kareem, Carol Stewart, and Adenekan Moruff. Turaka is a registered trademark of Afrikan Glory Limited and is located on Chatham High Street in Kent. The hub promotes self-expression, inclusivity, and community engagement.

#AdukeAladekomo #Turaka #AfricanArts #Culture #Entertainment #Creatives #LaunchEvent #AfrikanGloryLimited #ChathamHighStreet

https://leadership.ng/aduke-opens-turaka-african-creative-social-hub-in-uk/ 

 Tribunal Affirms Diri, Ododo As Bayelsa, Kogi Governors
==========

The Bayelsa State Governorship Election Petition Tribunal has affirmed the re-election of Governor Douye Diri of Bayelsa State. The tribunal dismissed the petition filed by the All Progressives Congress (APC) and its candidate, Chief Timipre Sylva, as lacking in merit. Similarly, the Kogi State Governorship Election Petition Tribunal affirmed the election victory of Governor Usman Ododo of the APC. The tribunal held that the petition filed by the Social Democratic Party (SDP) and its candidate Murtala Ajaka was bereft of substance and dismissed it. The tribunal found that the petitioners failed to provide credible evidence to substantiate their allegations against the election outcomes.

#Bayelsa #Kogi #GovernorshipElection #Petition #Tribunal

https://leadership.ng/tribunal-affirms-diri-ododo-as-bayelsa-kogi-governors/ 

 US, FCMB Partner On $10m Funding For Nigeria’s Health Sector
==========

The United States and First City Monument Bank (FCMB) have partnered to strengthen Nigeria’s private health sector with $10 million in funding. The U.S. Agency for International Development (USAID) and the United States International Development Finance Corporation (DFC) will collaborate with FCMB to facilitate the loans, which will be used to support businesses in the health sector such as hospitals, clinics, and diagnostic centers. The loans will also be used for the procurement of medical equipment and the construction and renovation of health facilities. FCMB's focus will include financial support for working capital, equipment procurement, construction, and restructuring of commercial properties for small and medium-sized enterprises. The partnership aims to expand access to finance for underserved borrowers and SMEs in Nigeria's health sector.

#Us #Fcmb #Funding #Nigeria #HealthSector

https://leadership.ng/us-fcmb-partner-on-10m-funding-for-nigerias-health-sector/ 

 2m Jobs Underway As FG Launches I-DICE Programme May 15
==========

The federal government is set to launch the Investment in Digital and Creative Enterprises (I-DICE) Programme on May 15, aiming to create two million jobs. Vice President Kashim Shettima announced this at a roundtable event in Abuja. The administration anticipates a reduction in unemployment rate through initiatives like the outsource to Nigeria initiative and IDICE. Shettima emphasized the need for patience and collective sacrifice from Nigerians, stating that positive changes will soon be evident across all economic indicators. He also discussed the removal of petroleum product subsidies and the country's debt crisis. The interventions put out by President Bola Tinubu have been categorized into eight areas, including job creation, economic growth, food security, poverty reduction, access to capital, rule of law, anti-graft war, and inclusive development. Former Finance Minister Dr. Shamsudeen Usman urged the reconciliation of the Renewed Hope Agenda with the country's medium and long-term plans and called for ministers who underperform to be sacked.

#Nigeria #JobCreation #Unemployment #GovernmentInitiative

https://leadership.ng/2m-jobs-underway-as-fg-launches-i-dice-programme-may-15/ 

 More Foreign Airlines Lower Lagos-London Route Fares
==========

Foreign airlines have drastically reduced airfares on the Lagos-London route since Air Peace launched its own flight. Before Air Peace's entry, passengers from Nigeria paid N3.5 million for economy class and over N7 million for business class. British Airways, Lufthansa, and Virgin Atlantic have all lowered their ticket prices. Air Peace chairman, Allen Onyema, alleges that foreign airlines are conspiring to send Air Peace out of international operations by crashing airfares on the route. Aviation experts attribute the reduction in cost to Air Peace's entrance, the re-opening of lower inventories, and the supply of Jet A1 to Air Peace by Dangote Refinery. The former general secretary of the Aviation Round Table Initiative (ARTI), Capt. John Ojikutu (retd), suggests designating Air Peace as a flag carrier in the absence of a national carrier. The general secretary of ARTI, Olumide Ohunayo, calls for government support to ensure more local airlines can compete on international routes. The former president of ARTI, Dr. Gbenga Olowo, believes Air Peace has the ability to survive the aero politics and price war competition by foreign airlines.

#AirPeace #ForeignAirlines #LagoslondonRoute #Airfares #Competition

https://leadership.ng/more-foreign-airlines-lower-lagos-london-route-fares/ 

 N300m Money Laundering Charge: Court Frees Adoke
==========

Justice Inyang Ekwo of the Federal High Court, Abuja, has upheld the "no case" submission by a former attorney-general of the federation and minister of Justice, Mohammed Bello Adoke, on charges of money laundering. The Economic and Financial Crimes Commission (EFCC) had charged Adoke and a property developer, Abubakar Aliyu, in 2017 alleging money laundering to the tune of N300 million. On March 28, 2024, Justice Kutigi pointed out the contradiction, while dismissing the charges against Adoke and other defendants, chiding the EFCC for wasting the court’s time for four years. In his own ruling on Friday morning, Ekwo said the EFCC did not provide any evidence to prove the essential elements of the offence against Adoke, who was listed as first defendant. He upheld the no case submission, discharging and acquitting Adoke. However, Ekwo ruled that Aliyu, the second defendant, has to open his defence because he has a case to answer on some of the charges against him.

#N300mMoneyLaundering #MohammedBelloAdoke #FederalHighCourt #Efcc

https://leadership.ng/n300m-money-laundering-charge-court-frees-adoke/ 

 Bauchi Local Chair Commends Gov Bala For Maintaining Peace
==========

Zainab Tanko, Chairperson of Bauchi local government council, commends Governor Bala Mohammed for maintaining peace in the state. Tanko also appreciates the governor for supporting the Bauchi Local Government Council in empowering citizens with palliative support. She appeals to residents to address the issue of food security and sufficiency by embracing agriculture. Tanko assures that the state government is providing fertilizer and farming implements to boost agriculture. She urges youth to eschew violence and criminal activities and promote community policing. Tanko expresses gratitude to the Emir of Bauchi and Islamic Ulamas. She hopes for sustained moral virtues in the community.

#Bauchi #GovernorBalaMohammed #Peace #Empowerment #Agriculture #CommunityPolicing

https://leadership.ng/bauchi-local-chair-commends-gov-bala-for-maintaining-peace/ 

 Dania Vows To Drive Innovation In Nigeria’s Digital Economy
==========

Oluwaseun Dania, founder and lead consultant of Alpha-Geek Technologies, reaffirms commitment to Nigeria's digital ecosystem. Dania received recognition at an Industry Colloquium/Lunch/Recognition Ceremony organized by KnowHow Media. He emphasizes the importance of collaboration and overcoming challenges in the digital sector. Olusegun Oruame, vice chairman of KnowHow Media, highlights Dania's innovation and vision in the digital space. Dania is ranked among the 50 Most Valuable Personalities in Nigeria's Digital Economy. The ranking considers impact, influence, leadership skills, and contributions to the growth of the digital ecosystem. Dania receives a recognition plaque from Oruame.

#DigitalEconomy #Innovation #Nigeria #Collaboration #Challenges

https://leadership.ng/dania-vows-to-drive-innovation-in-nigerias-digital-economy/ 

 Ajube Hosts Boyloaf, Other Ex-Niger Delta Warlords On Increased Oil Production
==========

Senior High Chief Bibopere Ajube, a prominent leader of the Niger Delta and businessman, hosted a meeting with former Niger Delta warlords, also known as the 'Big 4', to discuss peace and development in the region. The meeting was a continuation of a previous meeting held in Rivers State. Chief Ben Ebikabowei, also known as Boyloaf, affirmed their commitment to peace in the Niger Delta and the economic interest of Nigeria. The ex-agitators expressed their belief that the current oil production output of the nation can still be improved upon. The meeting was described as a strategic peace effort and a meeting of patriots united by a common purpose. The participants emphasized the importance of unity and the need to guard against greed and self-centeredness. They stated that no sacrifice is too much for the sake of peace and that the development of the region and the country cannot happen in an atmosphere of chaos.



https://leadership.ng/ajube-hosts-boyloaf-other-ex-niger-delta-warlords-on-increased-oil-production/ 

 SABMF Decries State Of Economy
==========

The Sir Ahmadu Bello Memorial Foundation (SABMF) expresses concern over the current state of the Nigerian economy. The director-general/CEO of the foundation, Engr. Abubakar Gambo Umar, states that the removal of petroleum subsidy has led to hardships for the population, including increased fuel prices and subsequent price hikes in other sectors. Inflation has reached an all-time high of 29.9 percent, making it difficult for citizens to afford basic necessities. The rise in fuel and transportation costs, coupled with a drop in electricity supply, has further burdened the earnings of Nigerians. Engr. Umar acknowledges the restlessness among citizens, manifested in protests in some states, highlighting frustration and dissatisfaction with the current economic situation.

#Economy #Nigeria #Inflation #PetroleumSubsidy #Protests

https://leadership.ng/sabmf-decries-state-of-economy/ 

 Saving The Naira: Atiku Blasts Tinubu, Offers Way Out
==========

Former Vice President Atiku Abubakar criticizes President Bola Tinubu's lack of clear ideas on solving the foreign exchange crisis. Atiku suggests a managed-floating foreign exchange system and ensuring sufficient FX reserves. He accuses Tinubu of failing to showcase any concrete policy steps to address currency fluctuation and poverty. Atiku offers his own policy prescriptions, including eliminating multiple exchange rate windows, avoiding a fixed exchange rate system, and adopting a managed-floating system. He criticizes Tinubu's new FX management policy as hastily put together without proper plans and consultations. Atiku believes that if the government is open to sound counsel and addresses corruption and poorly negotiated foreign loans, the Nigerian economy can recover.

#AtikuAbubakar #BolaTinubu #ForeignExchangeCrisis #NigerianEconomy #PolicyPrescriptions

https://leadership.ng/saving-the-naira-atiku-blasts-tinubu-offers-way-out/ 

 Why Gov't Must Stop Production, Proliferation Of Substandard Steel Products — Awoyale
==========

The National President of Iron Rod and Steel Distributors Employers Union of Nigeria (IRSDEUN), Chief Gbenga Awoyale, emphasizes the need for the government to halt the production and circulation of substandard steel products in Nigeria. Awoyale highlights the challenges faced by the union, including the proliferation of substandard steel products and touting in Lagos State. He also raises concerns about foreign companies producing low-quality steel products in Nigeria and increasing prices to force end-users to buy directly from them. Awoyale criticizes the government for not making progress in the fight against substandard steel products and calls for the passage of a law to criminalize the production of such products. He attributes the ineffective fight against substandard products to influence peddling, lack of manpower and modern technology at the Standard Organisation of Nigeria (SON), policy summersault, and lack of continuity. Awoyale suggests that SON should improve its approach and actions, operate in a more open manner, and review the law establishing the organization. He also urges the government to support the union in its fight against substandard steel products.

#SubstandardSteelProducts #Nigeria #IronRods #SteelDistributors #StandardOrganisationOfNigeria #ForeignCompanies #Government

https://leadership.ng/why-govt-must-stop-production-proliferation-of-substandard-steel-products-awoyale/ 

 The Danger After AFCON 2023
==========

The article discusses the potential danger and social unrest in Nigeria following the conclusion of the AFCON 2023 football tournament. The author, Dakuku Peterside, highlights the economic hardship, hunger, and anger prevalent in the country, which can lead to upheaval. Nigerian workers represented by the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have given the government two weeks to implement policies to reduce the impact of economic policies on citizens. The article emphasizes that the emotional attachment of citizens to football can provide temporary relief from economic hardships, but if the government does not address the economic challenges, the anger and hopelessness may lead to popular revolt. The author calls for honesty, inclusiveness, innovative thinking, and sustained efforts from the government and private sector to address economic hardship and poverty. The article concludes by warning that if nothing is done to improve the quality of life for Nigerians, demands for improvement may escalate and potentially lead to social unrest.

#Afcon2023 #Nigeria #EconomicHardship #Hunger #Anger #Upheaval #NigeriaLabourCongress #TradeUnionCongress #Government #SocialUnrest #Poverty

https://leadership.ng/the-danger-after-afcon-2023/ 

 If Nigeria Must Not Fall
==========

Nigeria is facing a cascading crisis with galloping inflation, poor leadership, and increasing difficulty for the poor to survive. Corruption is rampant, with public officials accused of theft being venerated instead of punished. Insecurity is on the rise, with hundreds of lives lost and even monarchs being targeted. Citizens are protesting hunger and rising prices due to inflation and devaluation of the local currency. Corruption is at the root of Nigeria's problems, and tackling it is crucial for the country's progress. President Bola Ahmed Tinubu faces the task of retrieving the country from economic buccaneers and must fight corruption to prevent Nigeria's disintegration.

#Nigeria #Crisis #Inflation #Leadership #Corruption #Insecurity #Protests #Hunger #Prices #BolaAhmedTinubu

https://leadership.ng/if-nigeria-must-not-fall/ 

 Jailbreaks… 4,000 Prisoners Still On The Loose 2 Years After
==========

In January 2021, gunmen stormed the Nigerian Correctional Service (NCS) in Owerri, Imo State, freeing over 1,800 prisoners. Over the next year, there were several more jailbreaks across the country, resulting in the escape of over 4,000 prisoners. The prisoners, many of whom were awaiting trial for serious crimes, pose a significant threat to public safety. Nigerian authorities have launched a nationwide manhunt to recapture the fugitives, but progress has been slow. The jailbreaks have exposed weaknesses in Nigeria's criminal justice system, including overcrowding, poor infrastructure, and corruption. The government has promised to address these issues by building new correctional facilities, improving existing ones, increasing funding for the NCS, and providing better training for officers. However, these measures will take time to implement, and in the meantime, the escaped prisoners remain a threat. The NCS has urged the public to report any sightings of the fugitives and has promised rewards for information leading to their capture. The recapture of these prisoners is crucial for the safety and security of the Nigerian people, and swift action must be taken to prevent future jailbreaks.

#Jailbreaks #Prisoners #Nigeria #CriminalJusticeSystem #PublicSafety

https://leadership.ng/jailbreaks-4000-prisoners-still-on-the-loose-2-years-after/ 

 Naira: Comedy Inside A Tragedy
==========

On August 15, 1971, President Richard Nixon addressed the economic crisis in the United States by stating that the strength of a nation's currency is based on the strength of its economy. Nigeria is currently facing a similar situation with the fall of the Naira. The devaluation of the currency has led to public frustration, increased risk of suicide, and social unrest. The fall of the Naira poses grave dangers to the viability of businesses in Nigeria and discourages foreign direct investment. The Naira's decline has also resulted in Nigeria becoming a laughing stock globally, with jokes and caricatures circulating on social media. Concerns over the Naira include poor policy articulation and implementation, damaged reputation, cost-of-living crisis, unfavourable macroeconomic indices, and the erosion of wealth. The volatility of the Naira has hindered fresh capital investments and infrastructure projects. The article calls for urgent action and collaboration among stakeholders to stabilize the Naira and restore confidence in the Nigerian economy.

#Naira #Economy #Devaluation #ForeignDirectInvestment #SocialUnrest

https://leadership.ng/naira-comedy-inside-a-tragedy/ 

 Otedola Becomes FBN Holdings Chairman
==========

Femi Otedola has been appointed as the new chairman of FBN Holdings Plc. The Nigerian stock market ended January 2024 with a positive note despite a closing-day loss of N1.068 trillion. Otedola's appointment follows the departure of Alhaji Ahmad Abdullahi. Otedola is a visionary entrepreneur with a track record of pioneering businesses and transforming corporations. He has experience in the oil and gas industry, power sector, and various other interests. The Nigerian stock market started the year on a bullish note, driven by positive sentiment from corporate earnings expectations. The All-Share Index gained 36.11% in January, and market capitalization rose by N14.440 trillion. The sectoral performance was positive, with the NGX Industrial Goods recording the highest rise of 96.43%. Capital market analysts expect mixed sentiments and profit-taking to continue in February. The stock market experienced a downturn, with losses recorded in medium and large capitalised stocks. The total volume traded increased by 15.44% in January.

#FbnHoldings #StockMarket #FemiOtedola #Nigeria

https://leadership.ng/otedola-becomes-fbn-holdings-chairman/