Lagos, June 5, 2024 (NAN) The performance indicators of the stock market rebounded by 0.24 per cent on Wednesday.
Specifically, the market capitalisation opened at N56.031 trillion and closed at N56.163 trillion, representing 0.24 per cent or N132 billion gain.
The All-Share Index also strengthened by 0.24 per cent or 233.4 points, to close at 99,284.38 compared to 99,051.02 posted on Tuesday.
As a result, the Year-To-Date (YTD) return rose to 32.78 per cent.
Gains in Zenith Bank, FBN Holdings and Stanbic IBTC, Fidelity Bank, Wema Bank, Nigerian Breweries, Nestle Nigeria, among other advanced equities were the primary drivers of the market index’s recovery.
However, market breadth closed negative with 24 negative equities outnumbering 18 positive ones.
Oando led the losers’ table by 9.86 per cent to close at N12.80, Linkage Assurance followed by 9.41 per cent to settle at 77k, Sovereign Trust lost 8.70 per cent to close at 42k per share.
Veritas Kapital declined by 8.70 per cent to close at 63k and Wapic Insurance dropped 8.50 per cent to settle at 64k per share.
On the other side, Eterna Plc led the gainers’ table by 9.80 per cent to close at N13.45, Red Star Express Plc trailed by 9.76 per cent to close at N3.71 per share.
Stanbic IBTC advanced by 9.62 per cent to close at N57, Fidelity Bank added eight per cent to close at N10.80, while International Breweries rose by 7.84 per cent to close at N3.99 per share.
Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 36.49 per cent.
A total of 308.14 million shares valued at N4.86 billion were exchanged in 7,690 deals,compared to 347.39 million shares valued at N7.66 billion exchanged in 8,122 deals recorded in the previous session.
Meanwhile, Fidelity Bank led the activity chart in volume and value with 84.05 million shares worth N883.22 million, Oando followed with 52.52 million shares valued at N710.81 million.
Veritas Kapital sold 19.40 million shares valued at N12.45 million, Unity Bank transacted 11.98 million shares worth N15.38 million and Transnational Corporation traded 11.13 million valued at N117.66 million.
The News Agency of Nigeria(NAN) reports that in its weekly outlook, Analyst at Cowry Asset, had predicted that bullish trend is expected to persist at the domestic bourse.
They explained that this would be driven by profit-taking and portfolio rebalancing following a new trading month.
“Market pullbacks are anticipated to enhance the index’s upward potential, supported by the ongoing dividend earnings season.
“However, we continue to advise investors to trade on companies’ stocks with sound fundamentals,” the analysts noted.(NAN)(www.nannews.ng)
French firm to support establishment of agribusiness market in Oyo
Agribusiness
By David Adeoye
Ibadan, June 5, 2024 (NAN) A French firm, SEMMARIS-Rungis International Market, has indicated interest to support the establishment of an international wholesale agribusiness market in Oyo State.
The Head, International Projects of the firm, Timothée Witkowski and its Consultant-Market Specialist, Steve Allen, made this known on Wednesday in Ibadan when they led a delegation on a courtesy visit to Gov. Seyi Makinde.
Speaking with newsmen after the visit, Witkowski, said Oyo state has great potential and that its central location as well as efforts of the governor have made it a strategic location for the development of wholesale infrastructure for food supply in Nigeria.
“Oyo state is part of a strategy that we are currently implementing. We are intervening in the framework of the French Development Agency Funding Project.
“This is under a tripartite arrangement with IFD, SEMMARIS and the Federal Ministry of Agriculture and Food Security.
“The outcome of this study is to basically draw a global strategy for developing wholesale infrastructure to supply products in Nigeria.”
According to him, the firm is currently working on three corridors; Kano and Kaduna states in the North; Port-Harcourt and Onitsha in the South-East and Lagos, Oyo states in the South-West corridor.
“Given the central location that Oyo state has on the global map of strategic flows of agriculture and also given the potential here; with nine million habitants in the state, we believe that it is a key strategic place for developing a strategic agriculture hub and a wholesale market.
“It is also in line with other efforts that have been carried out by the state to promote more competitive, more affordable and more sustainable agriculture.
“So, we are working in line with the strategy and are basically happy to put up the infrastructure in these locations.
“The Rungis Market is a wholesale market, which is located six to seven kilometres away from Paris, and is the biggest wholesale market in the world.
“We have about 12 billion Euro revenue per year for three million tonnes of products trading every year.
“We trade several types of products including fruits and vegetables, meat, poultry, game, fish and seafood. We also trade in cheese and dairy products and flours.”
The Director-General, Oyo State Agribusiness Development Agency (OYSADA), Dr Debo Akande, said that the firm planned to establish the market, which will be a major one for agribusiness and farmers.
Akande, who is also the Executive Adviser on Agribusiness to the governor, said
the move would complement the government’s efforts in the agribusiness sector.
He added that the investors had before the visit to the governor, gone round the state to see the infrastructure built by the state government in the last five years.
He said the places visited were the Fasola Agribusiness Industrial Hub, Bodija Market, Akinyele Market and others.
“So, we are anticipating that the growth of agribusiness and agriculture within our state will demand us to have a centralised system for the wholesale agricultural market.
“We are building and developing the foundation, and when things grow as we are building agricultural industrial hubs in different locations including Fasola, Eruwa, Ijaye, this will be needed,” Akande said.
On the benefits of such markets, Akande said “the direct benefit of the wholesale market to the people of the state is that the state is becoming highly industrialised.”
He added that it would also help to develop a systematic approach to what farmers in the state would be producing.
“If a big company wants to come and buy two million tonnes of cassava or yam packed, where will they be getting them from?
“Currently, they source from different farms and villages, but they will not need to do that any longer because most of these things will be centralised in a place where the farmers can sell them.
“The farmers will have companies to sell to and these companies can now sell to big companies, which is the concept behind wholesale.
“If you have a large company that is interested in using cashew, soya beans or process products as well, it knows the centralised place to come and pick in high volume.
“It is not now to go to different farms and villages to get 2 tonnes, 3 tonnes and what have you, and this means access to markets for our farmers. It means our farmers will now have access to sell their products at a good price,” he said. (NAN) www.nannews.ng
FG emphasises importance of social norms,behaviour change for national health
Health
By Abujah Racheal
Abuja, June 5, 2024(NAN)The Federal Government has highlighted the crucial role of shifting social norms and behavioural change in maintaining the nation’s health.
Prof. Muhammad Pate, Coordinating Minister of Health and Social Welfare, said this at Breakthrough ACTION Nigeria Learning andTransition event with the theme “Celebrating Successes, Consolidating Learning, and Transitioning for Sustainability”.
The News Agency of Nigeria(NAN) reports that Breakthrough ACTION has been USAID’s global flagship Social and Behavior Change Project for the past seven years.
In Nigeria, the project worked to improve the practice of priority health behaviors across multiple programme areas.
The areas include maternal, newborn and child health (MNCH), family planning (FP), nutrition, malaria, tuberculosis, COVID-19 and priority zoonotic diseases (PZDs).
Pate,who was represented by Dr Binyerem Ukaire, Director of Family Health, Federal Ministry of Health (FMOH), congratulated Breakthrough Action Nigeria (BA-N) for their innovative contributions to health communication and social behavior change.
The minister noted that Breakthrough Action Nigeria’s efforts had been instrumental in reaching millions of Nigerians, fostering healthier practices, and empowering communities with vital health knowledge.
“Social and behavior change for the right healthy behavior is critical to achieving our health goals and targets.
“This focus on behavior change is particularly significant for the Federal Ministry of Health and the Department of Family Health, he said.
He praised BA-N’s impact in areas such as disease prevention, reproductive, maternal, newborn, and child health, and nutrition.
“By promoting healthier lifestyles, BA-N’s initiatives have made significant strides in improving health outcomes,” he said.
He underscored that the Ministry of Health remained committed to enhancing the health of every Nigerian and that the collaborative efforts with BA-N demonstrated the power of synergy in achieving national health goals.
He acknowledged the importance of the event, not only as a celebration of successes but also, as a platform to reflect on future strategies.
“The insights and learnings shared will help shape more effective and sustainable health interventions moving forward,” he said.
He expressed sincere gratitude to BA-N, partners, stakeholders, and frontline health workers for their dedication and hard work.
“Your contributions are invaluable and deeply appreciated,” he said, extending his best wishes for a fruitful and enlightening event.
He expressed hope that the National Learning and Transition event would serve as a catalyst for continued innovation, collaboration, and progress in the mission to improve health outcomes for all Nigerians.
NAN reports that Breakthrough ACTION Nigeria Learning and Transition Health indices in Nigeria have been driven by many factors.
The public health approach, social and behavior change identifies what individuals and communities believe and how they behave, then develops innovative strategies so they can adopt healthier behaviors and access vital health services.
Since it started working in Nigeria, the project used a multifaceted approach–including mass media, community outreach, and user-driven social media campaigns-to inspire long-lasting change.
These efforts resulted in positive changes across several health areas including reproductive, maternal, newborn and child health, nutrition and malaria, tuberculosis and COVID-19 vaccine uptake.
Among countless other findings, Breakthrough ACTION found that women who participated in community activities were significantly more likely to practice multiple preventive behaviors compared to women who did not participate.
These includeat least four antenatal visits during pregnancy, delivering the safety of a health facility, exclusive breastfeeding, consuming diverse diet, and receiving preventive malaria medication at least three times during pregnancy.(NAN) www.nannews.ng
NESREA to develop code of conduct, ethics for staff
Code
By Doris Esa
Abuja, June 5, 2024 (NAN) The National Environmental Standards and Regulations Enforcement Agency (NESREA), says it is developing a Code of Conduct for its staff members.
NESREA’s Assistant Director of Press, Mrs Amaka Ejiofor, said this in a statement on Wednesday in Abuja.
Ejiofor said the initiative was being taken with the support of the United Nations Office on Drugs and Crime, (UNODC).
She said that NESREA’s Director- General, Dr Innocent Barikor, who underscored the very important role the agency plays in protecting the environment, necessitated the adoption of standards and guidelines to govern the actions of staff.
” The code of Conduct is being developed as part of the corruption risk assessment and mitigation for frontline wildlife and forest authorities in Nigeria.
” It aligns with the implementation of the strategic objectives of Article 5 of the National Strategy to Combat Wildlife and Forest Crimes in Nigeria 2022-2026.
“Institutions of this nature must be able to display certain qualities and identify certain basic strategies in the pursuit of their mandate.
” The code of conduct will address issues of ethics, and promote professionalism, mutual respect, and integrity, while ensuring equity and instilling a sense of responsibility,” he said.
She said that the development of the code is being facilitated by an anti-corruption and ethics consultant, Mrs Rasheedat Okoduwa.
Ejiofor said it code of conduct will further improve efforts at tackling wildlife trafficking in the country. (NAN) (www.nannews.ng)
Clergy
Tithe
By Anita Uzoagba
Abuja, June 5, 2024 (NAN) Mr Sampson Amoateng, the General Overseer, House of Miracles Ministries, has advised churches to follow scriptural practice of making tithe payment a freewill and not by force.
Amoateng, who made the call in a statement on Wednesday, explained that tithing was a biblical practice of giving a portion of one’s income to support religious institutions and the community.
According to him, tithe and offering is a scriptural practice that is meant to be freewill and not by force.
“The concept of tithe is rooted in the biblical teachings of the Old and New Testaments, as recorded in Deut. 14, Matt. 6 and Malachi 3:10.
“I am against pastors or churches forcing people to document their tithe cards, saying, ‘my money is mine.
“It is carnal to document tithe cards. Tithing is a spiritual discipline that requires faith, trust, and obedience,” he said.
Amoateng said tithing demonstrates our gratitude for God’s blessings and provision, and also express our trust in His ability to provide for our needs.
“Tithing has practical advantages; it helps to support the church and ministries, enabling the spread of the gospel and the care of the poor and needy,’’ he said.
Amoateng said that tithing fosters a sense of community and shared responsibility among believers, as they work together to support the work of the church.
He said that in recent times, people who do not go to church give money to people in need as their way of tithing, adding that, this was the way to go and not forced.
“Tithe is a vital aspect of religious practice that demonstrates our gratitude, obedience, and trust in God.
”It is a spiritual discipline that requires faith and commitment, but yields rich rewards in terms of spiritual growth and financial responsibility.
”As we consider our relationship with God and our role in supporting the church, may we embrace the practice of tithe with joy and generosity,” he said.
He said doing so, people would not only honor God but also contribute to the building of His kingdom on earth.
Amoateng who based in Accra, Ghana urged people to be committed to God’s work and abide by His teachings. (NAN) (wwwnannews.ng)
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Edited by Dorcas Jonah/Isaac Aregbesola
World environment day:FG inaugurates climate justice ambassadors
Inauguration
By Felicia Imohimi
Abuja, June 5,2024 (NAN)The Federal Government has inaugurated Climate Justice Youth Ambassadors (CJYA) as part of activities to commemorate the World Environment day.
CJYA is an initiative of Oxfam Nigeria geared towards promotion of sustainable environment.
The Minister of Environment, Mr Balarabe Lawal while inaugurating the ambassadors on Wednesday in Abuja, lauded Oxfam for mobilising youth to be vanguard of environmental protection.
He said that the constitution of the ambassadors was a great progress in the nation’s efforts to ensure environmental sustainability.
Lawal said that environmental protection was not the responsibility of the Federal Government and States alone, but for all and sundry.
“We need to continue to propagate the issue of climate justice from big cities like Kano, Lagos Port Harcourt among others who are major polluters of the environment.
“We in the ministry are on it and we need to fight for climate justice at all levels.
“l assured Oxfam that the ministry will continue to support and provide all that is required to achieve climate justice across board to ensure sustainable environment for our future generations,”he said
Kenneth Akpan, Climate Justice Project Coordinator, Oxfam Nigeria said the organisation through the African Activist for Climate Justice (AACI) Project, has deepened its engagements towards ending poverty.
Akpan said the vulnerable populace includes women, youths and persons with disability in the face of climate reality and injustice.
He said the climate justice ambassadors was borne out of the AACI project to tap into the strength, and capacity of youths as solution bearers to the country’s climate challenges.
According to him, it is also to support the government as foot soldiers to deepen and carry out governments drive to solve the global climate crises at the grassroot, local, states, national among others.
“The mission is to see how Nigerian youths can become global leaders and reference point to the global climate crisis starting from home.
“We have encouraged them to take charge as climate activists, leaders of tomorrow in climate space.
“Among these ambassadors are youth that are converting plastic into interlocking tiles, youth that are taking care of Jabi Lake by removing water hyacinth and recycling it and others.
” They have come up with climate gain that children can play and improve their knowledge on climate action, “he said.
The News Agency of Nigeria (NAN) reports that World Environment Day is commemorated annually on June 5 with the theme ” Land Restoration, Desertification and Drought Resilience”.
Event to mark the day was a quiz competition by Government Junior Secondary Schools (JSS) Wuse, Maitama and Jabi.
JSS Jabi emerged winner, JSS Wuse came second while Maitama came third. (NAN)(www.nannews.ng)
Dignitaries at the 2024 Administrative Professionals’ Day at Federal Neuro-Psychiatric Hospital Yaba, Lagos on Wednesday
Development
Lilian Okoro
Lagos, May 5, 2024 (NAN) A Professor of Human Resources Management, Foluso Jayeoba, has urged administrative professionals to focus on cooperation and collaboration rather than competition to enhance their productivity and service delivery.
Jayeoba of the Department of Industrial Relations and Human Resources, Lagos State University, Ojo, gave the advice at a lecture organised by the Administrative Department, Federal Neuro-Psychiatric Hospital Yaba, on Wednesday in Lagos.
The lecture was organised to mark the ‘2024 Administrative Professionals’ Day’.
The News Agency of Nigeria (NAN) reports that the theme of the programme is: “System Thinking for Effective Organisational Performance”.
Jayeoba, also the keynote speaker at the programme, said that administrative professionals should work together to be able to deliver largely toward achieving the goal of the organisation.
According to him, more achievements will be made when work are done collectively rather than individuals, stressing that workers should focus on system thinking by working toward the overall goals and objectives of their organisations.
He explained that every part of the organisation was as important as the other, saying it was important to understand the need for interaction between all the parts of an organisation if the set goals would be actualised.
He identified the benefits of system thinking to include enhanced productivity, improved decision making and enhanced problem solving, amongst others.
“The perception of system thinking as implied in the theme, entails that people should work together to deliver effectively to the clients and equally meet the purpose of the organisation.
“No individual is bigger than the organization. So, if the workers cooperate and collaborate, there will be room for increased productivity.
“If workers should have that perception of system thinking, works become easy and people will have the right attitude toward work and there won’t be competition but rather cooperation,” Jayeoba said.
Prof. Akin Osibogun of the College of Medicine, University of Lagos, said that the roles of administrators were critical to the implementation of policies and overall management of an organisation.
Osibogun, also Chairman of the programme, said that administrators were the custodian of rules and regulations of an organisation, saying that without them, effective management in an organisation might be jeopardised.
“Administration department is the pillar of an organisation. I am excited that administrative professionals of the hospital are developing this skill.
“Be mindful that it’s a journey that requires continuous development through skills acquisitions, trainings and learning. There are bound to be challenges on the way but I pay that God will see you through,” Osibogun said.
The Chief Medical Director of the hospital, Dr Olugbenga Owoeye, urged the administrative professionals to continually develop and update themselves with the new developments in the profession for effective performance.
According to him, the administrative professionals should be more devoted to their jobs, while upholding the ethics of the profession.
Owoeye, who congratulated the administrative professionals for their self-developments and organising the programme, said it was a wake-up call for other various departments in the hospital.
“Personal development is key; ensure you continually update and develop yourselves with the developments in the profession as well as the ethics.
“I congratulate the administrative department for coming up to develop themselves and organise this programme.
“It is like encouraging other various departments in the hospital to follow suit,” Owoeye said.
Earlier, the Director of Administration of the hospital, Dr Adeyinka Atiwe, called on administrative professionals to develop work culture/ethics to enhance their performance and productivity.
Atiwe said that workers’ attitude to work needed to improve in terms of the hour, way and methods devoted to the work so that the productivity would improve.
According to him, workers’ inputs must be equal to the outputs but some workers wanted to be paid even without doing work.
“Basically, work ethics and culture need to improve; the way we do our work, the hours we give to the work, must improve so that our performance can also improve.
“So that at the end of it all, you can now boldly make a demand for your organisation to compensate you accordingly.
“Unfortunately, some people want to be paid even when they did not work.
“As a nation, the first thing to do is to ensure we have a good work culture so that we raise the productivity level of the country.
“And as we raise the productivity and we are well; then we can tell the government to give us more for what we are doing and also bring to task those in governance if they are not doing what we expect them to do,” Atiwe said. (NAN)(www.nannews.ng)
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Edited by Adeleye Ajayi
Kano govt to plant 3m trees to tackle climate change
Trees
By Muhammad Nur Tijani
Kano, June 5, 2024 (NAN) Kano State Government says it has concluded plans to plant three million tree seedlings to mitigate the effects of climate change.
Alhaji Nasiru Garo, the state’s Commissioner for Environment and Climate Change, disclosed this at a news conference on Wednesday, to mark the 2024 World Environment Day.
“We were able to plant one million trees last year and we are planning to plant three million more this year, in collaboration with relevant stakeholders like ACReSAL, NGOs, individuals and organised private sector,” he said
Garo, who decried the activities of illegal loggers in the state, said tree felling generally has negative effects on the ecosystem.
The commissioner urged people of the state to imbibe the culture of keeping their environment clean and always avoid felling of trees.
He explained that government would continue to sensitise people, using the media, on best practices of protecting the environment through tree planting.
Garo, however, called on individuals and organisations to plant plenty trees and flowers to help save the environment.
According to him, the state government has sustained clearance exercise of drains and drainages across the eight metropolitan local government areas to prevent flooding.
The commissioner, therefore, warned the people to desist from indiscriminate waste disposal and commit to clearing their drains to avert flooding.
The News Agency of Nigeria (NAN) reports that the World Environment Day is celebrated annually on June 5.
The theme for the 2024 commemoration is “Land restoration, stopping desertification and building drought resilience”. (NAN) (www. nannews.ng)
Abuja, June 5, 2024 (NAN) Dr Binyerem Ukaire, Director of Family Health at the Federal Ministry of Health, has said that continuous education and behavior change are needed to improve public health outcomes.
Ukaire said this on Wednesday in Abuja, at Breakthrough ACTION Nigeria Learning and Transition event with the theme – “Celebrating Successes, Consolidating Learning, and Transitioning for Sustainability”.
The News Agency of Nigeria(NAN) reports that Breakthrough Action has been USAID’s global flagship social and behaviour change project for the past seven years.
In Nigeria, the project has worked to improve the practice of priority health behaviours across multiple programme areas including – Maternal, Newborn and Child Health (MNCH), family planning, nutrition, malaria, tuberculosis, COVID-19 and priority zoonotic diseases.
Highlighting the collaborative efforts between Breakthrough Action and the Federal Ministry of Health, she called for sustained initiatives to enhance reproductive, maternal, newborn, child health, and nutrition services across the country.
“Changing people’s behaviours, practices, and attitudes is indeed challenging, but it is achievable through serious efforts to improve their knowledge.
“Everyone aspires to be healthy, and often, the barriers to achieving this are rooted in ignorance,” she said.
She said that Breakthrough Action had made significant strides in partnership with the Federal Ministry of Health, including training health officers at federal and state levels to ensure sustainability of health projects.
“These efforts are crucial for achieving both national health targets and global goals such as the Sustainable Development Goals and Universal Health Coverage,” she said.
She stressed the importance of individuals taking responsibility for their health.
“Governments at all levels can provide support, but ultimately, individuals play a critical role in maintaining their health.
“It is essential for Nigerians to adopt healthy behaviours, take charge of their health, and reap the benefits,” she said.
The director praised the advocacy work done to educate government leaders at various levels, the development of information, education and communication materials, and the use of media to spread health messages.
“States must take ownership of these health initiatives to ensure the continuous improvement of public health,” she urged.
Furthermore, she called for ongoing education and consistent messaging to influence and reinforce positive health behaviors.
“We must continue to educate our people, encourage them to embrace the right behaviours and avoid conflicting messages from cultural or religious sources.
“It is vital to evaluate health messages and recognise their benefits for our well-being,” she said.
She reiterated the importance of sustained efforts in health education and behaviour change, supported by both government initiatives and individual responsibility as essential for improving public health and achieving long-term health goals in Nigeria.
NAN reports that Breakthrough Action Nigeria Learning and Transition health indices in Nigeria have been driven by many factors.
Since it started working in Nigeria, the project uses multi-faceted approach, including mass media, community outreach, and user-driven social media campaigns, to inspire long-lasting change. (NAN) www.nannews.ng
Damaturu, June 5, 2024 (NAN)The Managing Director, Damaturu International Cargo Airport, Mr Muhammad Surajo, says the Airport will commence commercial operations soon.
Surajo said this known while briefing newsmen at a media tour to some state government’s projects across the state on Wednesday in Damaturu.
He said that the airport was not in fully operational to satisfy the commercial need of the people.
According to him, when fully operational, the Airport will create more job to the people especially the state indigenes and contribute to its economy.
Also speaking, the Permanent Secretary, Ministry of Transport and Energy , Engr Isyaka Lawan, said that N39 billion was spent to execute the project in 2007.
“Ninety five per cent of the project had been completed which include a terminal building, runway, control tower, fire station, powerhouse, administrative block, and maintenance office,’’ he said.
He added that the airport’s runway is among the longest and well-constructed in the country.
“It stretches 3.3 kilometers with 250-meter buffers on either end, bringing the total length to 4.1 kilometers,” Lawal said.
The permanent secretary explained that the decision to construct the cargo airport stemmed from the absence of such facilities in the North-East region.
“Being an agrarian state, Yobe is expected to benefit significantly from the airport’s ability to boost economic activities.
“An abundance of exportable crops like beans, groundnut, and sesame seeds are produced in the state,” he said.
He, however, said that neighboring states could utilise the airport to transport goods to other parts of the world. (NAN) (www.nannews.ng)
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