News
NSE records first loss in 2020


The Nigerian Stock Exchange posted the first loss in 2020, dropping by 1.18 percent after 11 days of a consecutive uptrend.
The News Agency of Nigeria reports that the All-Share Index shed 350.43 points or 1.18 percent to close at 29, 283.15 against 29,633.58 achieved on Monday.
In the same vein, the market capitalisation dipped N181 billion to close at N15.106 trillion compared with N15.287 trillion in the preceding trading session.
The downturn was impacted by the losses recorded in medium and large capitalised stocks, among which are, Nigerian Breweries, MTN Nigeria, Dangote Cement, United Bank for Africa and Zenith Bank.
Market breadth closed negative with 13 gainers and 23 laggards.
Tourist Company of Nigeria led the laggards’ table in percentage terms, dropping by 10 percent to close at N3.15 per share.
NEM Insurance trailed with a loss of 9.69 percent to close at N2.05, while NPF Micro Finance Bank dropped 9.56 percent to close at N1.23 per share.
Consolidated Hallmark Insurance lost 9.52 percent to close at 38k, while Nigerian Breweries shed 8.83 percent to close at N51.10 per share.
Conversely, Beta Glass led the gainers’ table in percentage terms, growing by 9.67 percent to close at N59 per share.
C & I Leasing came second with a gain of 8.89 percent to close at N7.35, while Ekocorp rose by 7.22 percent to close at N5.20, per share.
Forte Oil improved by 5.62 percent to close at N17.85, while Cadbury Nigeria rose by 5.26 percent to close at N10 per share.
The total volume of shares traded increased by 91.47 percent with an exchange of 666.78 million shares valued N6.52 billion, exchanged in 5,711 deals in spite of the drop in market indices.
This was against a total of 348.24 million shares worth N8.55 billion transacted in 5,377 deals on Monday.
Transactions in the shares of Union Diagnostic & Clinical Services topped the activity chart with 340.21 million shares valued at N71.44 million.
Zenith Bank accounted for 69.72 million shares worth N1.51 billion, while UBA sold 38.79 million shares valued at N329.15 million.
Access Bank accounted for 37.33 million shares worth N393.94 million, while FBN Holdings traded 21.97 million shares valued at N157.61 million.
(NAN)


… GFD Executive Director emerges chapter Vice Chairperson*
The Lagos State Chapter of the Nigerian Institute of Public Relations (NIPR) has elected a new executive council at the close of its flagship Lagos PR Fest 2025, reinforcing its commitment to professionalism, innovation, and societal impact.
In elections supervised by NIPR Registrar, Chief Uzoma Onyegbadue, Samuel Ayetutu emerged as Chairman, while Eniola Mayowa was elected Vice Chairman in a closely contested race.
Other members of the executive include Secretary Samuel Adeyemi, Assistant Secretary Rita Ali-Nock, Public Relations Officer Ogochukwu Okeke, Financial Secretary Bassey Nta, Treasurer Olabamiji Adeleye, Welfare Officer Funmilola Akintola, and Ex-Officio Provost Marshal Quadri Adeleke.
In his acceptance remarks, Ayetutu pledged to drive professional standards, promote inclusiveness, and foster collaboration among members to enhance the chapter’s influence locally and nationally.
This year’s PR Fest, themed “Urban Farming for Food Security: The Role of Communication”, convened communication professionals, policymakers, and stakeholders to explore innovative strategies for tackling food security through effective public engagement.
Over the years, the Lagos PR Fest has evolved into a leading platform for advancing the role of public relations in societal development, with the 2025 edition underscoring the Institute’s mission to position communication as a driver of sustainable development in Nigeria.
News
Nigeria dismantles terror groups, Ansaru and Mahmuda, with the capture of their leaders
BY Sandra Ani


Nigeria has recorded a significant breakthrough in the war against terrorism with the capture of the leaders of Ansaru and Mahmuda.
At a press briefing on Saturday evening, the National Security Adviser, Malam Nuhu Ribadu, said the two terrorists on the wanted list of Nigeria, the US, UK and UN were captured in an operation which was conducted between May and July 2025.
He said the men were captured in a high-risk, intelligence-led, counter-terrorism operation which led to their capture. They are leaders of Jama’atu Ansarul Muslimina fi-Biladis Sudan, commonly known as ANSARU, Nigeria’s Al-Qaeda affiliate.
Ribadu said the two men have been responsible for masterminding many terrorist attacks against Nigeria over the past years.
According to Ribadu:
“The first is Mahmud Muhammad Usman (aka Abu Bara’a/Abbas/Mukhtar), the self-styled Emir of ANSARU. He is the coordinator of various terrorist sleeper cells across Nigeria. He is also the mastermind of several high-profile kidnappings and armed robberies used to finance terrorism over the years.
“The second is Mahmud al-Nigeri (aka Mallam Mamuda), Abu Bara’s proclaimed Chief of Staff and Deputy.
He is the leader of the so-called “Mahmudawa” cell hiding out in and around the Kainji National Park, straddling Niger and Kwara States up to Benin Republic. Mamuda trained in Libya between 2013 and 2015 under foreign jihadist instructors from Egypt, Tunisia, and Algeria, specialising in weapons handling and IED fabrication.
“These two men have been on Nigeria’s most-wanted list for years. They jointly spearheaded multiple attacks on civilians, security forces, and critical infrastructure. Their operations include the 2022 Kuje prison break, the attack on the Niger uranium facility, the 2013 abduction of French engineer Francis Collomp in Katsina, and the May 1, 2019 kidnapping of Alhaji Musa Umar Uba (Magajin Garin Daura). They were also behind the abduction of the Emir of Wawa and they maintain active links with terrorist groups across the Maghreb, particularly in Mali, Niger and Burkina Faso.
“The two men, who are wanted internationally, are currently in custody.
“The capture of Abu Bara and Mallam Mamuda, the group’s leader and deputy commander, respectively, marks one of the most significant achievements to date in our ongoing effort to rid Nigeria of the threat of terrorism. The successful decapitation of the leadership of this dangerous franchise marks the most decisive blow against ANSARU since its inception. This strike has effectively dismantled its central command while paving the path for the complete annihilation of the group”, Ribadu said.
The Ansaru group was first formed in January 2012 with a public declaration in Kano. It emerged as a splinter faction from Boko Haram, positioning itself as a “humane alternative.” However, its stated aim quickly turned to attacking Nigerian security operatives, civilian communities and government infrastructure. The group publicly displayed the setting sun logo of Al-Qaeda in the Islamic Maghreb (AQIM), signalling its ideological and operational alignment with global jihadist movements.
“Over the years, Ansaru entrenched itself in both urban sleeper cells and forest enclaves across several cities in northern Nigeria and in forest-based enclaves, particularly around Kainji National Park, straddling Niger and Kwara States, as well as the Benin Republic”, Ribadu explained.
News
France Urged to Address Colonial Legacy as Senegalese Activists Call for Reparations in Dakar Roundtable
Reporter: Sandra Ani


France’s colonial legacy came under renewed scrutiny as journalists, historians, and pan-African activists gathered at African Memorial Square in Dakar for a powerful roundtable advocating reparations and economic justice.
The event highlighted growing demands for France to take full responsibility for its historical role in Senegal and across West Africa.


Organized by advocacy groups including the Association of Descendants of Senegalese Soldiers, the Front for the Withdrawal of French Military Bases (GASSI), and JIF’AFRIK, the roundtable brought together influential voices pushing for reparatory justice and structural transformation.
Among the key speakers were Babacar Dioh of the Thiaroye 44 Movement—a coalition of descendants of Senegalese tirailleurs—and Souleymane Jules Diallo, leader of JIF’AFRIK. Discussions centered on two central demands: official reparations for colonial-era injustices and the urgent renegotiation of trade and military agreements that activists say perpetuate economic dependence.
“The time for symbolic gestures is over,” said Dioh. “We are now filing an official reparations claim and taking concrete steps to hold France accountable.”
Speakers called for the dismantling of existing neocolonial frameworks, stressing the ecological, financial, and social harm that has endured beyond the colonial period. The roundtable marks a turning point in Dakar’s positioning as a hub for coordinated African-led advocacy aimed at restoring historical justice.
This event adds momentum to a growing continental movement seeking tangible reparative action from former colonial powers and reinforces the call for equity, autonomy, and acknowledgment of historical truths.
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