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President Tinubu Names Governing Council Members for Three Tertiary Institutions

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New Governing Council members for the University of Abuja, the University of Nigeria, Nsukka (UNN), and Nnamdi Azikiwe University, Awka (NAU) have been appointed with President Bola Ahmed Tinubu’s approval.

Bayo Onanuga, the Special Adviser to the President on Information and Strategy, said in a statement on Tuesday that the action represents the most recent phase of Tinubu’s reform initiative within the federal university system.
Tinubu appointed Professor Aminu Mohammed Dukku from the Northeast, Professor Sarki Abba Abdulkadir from the Northwest, Dr. Adedeji Adefuye from the Southwest, and Professor Rosemary Iriowen Egonmwan from the South-South to the newly established council for the University of Abuja.

Two new members have been added to the University of Nigeria, Nsukka’s governing council.

It comes after the University of Abuja’s Vice-Chancelor, Professor Aisha Maikudi, was dismissed due to concerns about her eligibility and appointment, and the University’s Governing Council was dissolved in February.
Tinubu appointed Professor Aminu Mohammed Dukku from the Northeast, Professor Sarki Abba Abdulkadir from the Northwest, Dr. Adedeji Adefuye from the Southwest, and Professor Rosemary Iriowen Egonmwan from the South-South to the newly established council for the University of Abuja.

Two new members of the University of Nigeria, Nsukka’s Governing Council have been appointed.

Muhammad Inuwa Tahir hails from the Northwest, and Barrister Ogbonna Eugene Odo hails from the South.

Read Also: Former SGF Olu Falae Takes Over as Afenifere Leader

The president of Nnamdi Azikiwe University in Awka named four new members to the council.

The appointees are Southeast-born Dr. Nkem Okeke, a former Deputy Governor of Anambra State, and Ofoke Chukwuma Charles Ugbala.

Nojeeb Oriola Agunbiade, who represents the Southwest, and Dame Amina Patrick Yakowa, who represents the Northwest, have both been appointed.

The selections are viewed as a component of the administration’s larger initiative to realign federal universities with national development goals in order to increase academic performance, accountability, and strategic planning.

Former SGF Olu Falae Takes Over as Afenifere Leader

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Afenifere, a Pan Yoruba socio-political organization, has named Oba Olu Falae, the Olu of Ilu-Abo in the Akure North council area of Ondo State and a former Secretary to the Government of the Federation (SGF), as the head of its National Executive Committee.
Following its monthly gathering at the home of its national head, Pa Reuben Fasoranti, in Akure, the organization also voiced worries about insecurity and other problems facing the nation, as well as the necessity of national restructuring.
Following the meeting, National Publicity Secretary Jare Ajayi told the media that Falae was appointed by Fasoranti, the group’s national leader.

The purpose of this appointment, Ajayi reiterated, is to realign the organization.
In order to ensure that the House of Oduduwa is realigned to support the Yoruba agenda, Oba Falae’s appointment is meant to revitalize the organization, he said.

In addition to holding other significant positions, the new Chairman, Oba Falae, was previously the Secretary to the Government of the Federation at the time. A number of issues facing the country today were discussed at the conference.

Read Also: 2027 Elections: Northern Group Backs Formation of New Mega Party

We have determined that restructuring is the most effective strategy for addressing the problems after putting these concerns through numerous, intense interrogations.

As a result, we are urging the National Assembly and the Federal Government, led by President Bola Tinubu, to initiate the process of restructuring the nation immediately,” Ajayi stated.

Expressing gratitude to Fasoranti for his appointment, Falae pledged to bring all the groups in Afenifere together.

“We will be able to unite all the other groups, with God’s grace and the help of Afenifere and the Yoruba nation.”

“I want to do everything in my power to unite all Afenifere factions during Papa’s lifetime,” he declared.

Speaking as well, Apagun Kole Omololu, the group’s National Organising Secretary, promised that Falae, the recently chosen chairman, would bring the group back together.

2027 Elections: Northern Group Backs Formation of New Mega Party

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The opposition block’s northern leaders are rethinking their plans and leading the charge to create a new mega coalition political party that will represent the region’s and its citizens’ interests in the general elections of 2027.

Following Sunday’s National Political Consultative Group (NPCG) meeting in Abuja, the Northern opposition bloc said in a statement that the new massive political party’s name would be revealed shortly.

According to the document, which was signed by Babachir Lawal, the former Secretary to the Government of the Federation (SGF) and current Chairman of the NPCG, representatives from all 19 federation states and Abuja decided that the North must act as a single unit when making a political decision in order to guarantee the region receives the most benefit from national political participation.

In addition to increasing unemployment and destitution throughout the northern region, the meeting voiced grave concerns about the region’s deteriorating security situation, which it claimed has also increased poverty, resulted in the loss of many lives and property valued at millions of naira.

According to the statement, widespread poverty, starvation, destitution, and the breakdown of basic and secondary education are all results of the current administration’s unprecedented levels of instability.

The region, and the country, need selfless leaders who will be honest in managing political parties and governing the public sector, the gathering underlined.

Additionally, participants “condemned the impunity of elected leaders who exploit the mandate of the people by claiming to make decisions for their constituents without consulting them, citing recent developments in which elected state governors and legislators usurp the power of the people by endorsing themselves and other individuals for re-election to political offices without consulting their constituents, and advised that constituents should sanction such elected officials to serve as a deterrent.”

According to the press release, the participants “agreed on the need to escalate the group’s initiative to all the nineteen (19) states and FCT through the provision of the appropriate template and resolved that the region must prioritize and promote industrialization and high productivity in all sectors in order to exit the present economic quagmire.”

Regardless of the candidate’s place of origin, the group also decided that the North would only back candidates who have an enforceable agreement in order to safeguard and protect the region’s interests.

“That, going forward, the North must prescribe its support for candidates at elections on enforceable agreement for the purpose of ensuring and protecting the informed interests of the region, regardless of where the candidates come from,” the communique went on.

In order to help implement the choices and resolutions made during the meeting, the committees were eventually established.

The APC National Working Committee, the Progressive Governors Forum, and the party’s National Assembly members recently endorsed President Bola Ahmed Tinubu for the 2027 presidential race. The Peoples Redemption Party (PRP) strongly denounced this decision, calling it extremely troubling for democracy, during the APC National Summit on Thursday.

Signed by Mallam Falalu Bello, OFR, its National Chairman, the message was released over the weekend.

The endorsements, according to the People’s Redemption Party (PRP), were motivated more by desperation than by true democratic desire and “expose the APC’s attempt to cling to power through orchestrated endorsements rather than the genuine voice of the Nigerian people.”

Power is maintained by the confidence and belief of the populace, not just by strategies, as history and contemporary political realities teach us. The loss of public trust causes even the most powerful governmental apparatus to collapse, as demonstrated by examples from around the world.

Read Also: Kalu Acknowledges Nigerians’ Struggles, Predicts Improvement in 2–3 Years

In the 2010 election in Ivory Coast, for instance, the PRP remembered that “President Laurent Gbagbo sought to cling to power, armed with resources, state structures, and fake endorsements like President Tinubu.” However, the electorate eventually rejected him. Their choice sprang from their shared experience of hunger, poverty, and financial distress.

Hunger never forgets, as the Ivorian’s rejection showed, and no amount of propaganda or political machinery can take the place of a suffering people’s voice. Edgar Lungu’s control over the media, state apparatus, and finances was also insufficient in Zambia, where he was overthrown by a young opposition candidate named Hakainde Hichilema. Hichilema turned people’s resentment into votes and ultimately altered the political landscape, demonstrating that people vote based on their suffering rather than party affiliation.

“Power is fragile when the public loses faith in its effectiveness and legitimacy, even when it is supported by the best institutions. This notion is further highlighted by the Gambia instance of Yahya Jammeh. He tried to govern for “a billion years,” but in the end, the will of the people won out, and even his devoted army retreated when the vote overrode propaganda.

When power is founded on the trust of the people, it is strong; when it is founded on desperation and manipulation, it is weak. In other words, when people lose faith in their leaders, even the most complex plans become meaningless, defections become theatrical, endorsements become humorous, and power eventually disappears.

“(President) Tinubu’s political machinery and endorsements may seem formidable now, but they cannot silence the cries of the masses dealing with skyrocketing fuel prices, failing infrastructure, joblessness, insecurity, brazen corruption, and a collapsing economy,” the PRP said, adding that Nigeria’s situation echoes this truth.

“There is a noticeable disenchantment among the populace, and when people mutter, ‘This is not what we voted for,’ it indicates a serious problem between the governed and the leadership. Furthermore, rather than being merely endorsements or political alliances, the aforementioned indices are the actual votes that will decide the future.

The PRP went on to say, “The APC’s current decision to support Tinubu’s candidacy seems to be a classic example of a desperate power grab—an attempt to cement dominance through political theater and endorsements rather than delivery of genuine democratic dividends.” The people’s voice—their suffering and aspirations—remains the final judge of actual power, regardless of how crowded or practiced the political stage gets, as history and contemporary reality demonstrate.

The PRP urged the APC and President Bola Tinubu to understand that democracy is about providing the people with real services, security, and dignity, not only about supporting candidates or party apparatus. Desperate attempts to subvert this basic concept are bound to result in failure.

“We support the Nigerian people in their demand for genuine change rather than a power grab.” Power must be based on the confidence of the people, not on the desperate attempts of those who want to maintain it at any costs. The future belongs to those who recognize this, the statement said.

Kalu Acknowledges Nigerians’ Struggles, Predicts Improvement in 2–3 Years

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According to Senator Orji Uzor Kalu of Abia North, the economic changes implemented by President Bola Tinubu have not yet had a good effect on the average person’s lifestyle, but this is anticipated to change within the next two to three years.
He maintained that the country is headed in the right way under President Tinubu, adding that the macro-level improvements are already evident.

According to Senator Orji Uzor Kalu of Abia North, the economic changes implemented by President Bola Tinubu have not yet had a good effect on the average person’s lifestyle, but this is anticipated to change within the next two to three years.
He maintained that the country is headed in the right way under President Tinubu, adding that the macro-level improvements are already evident.

While acknowledging that the current administration’s changes are causing hardship for Nigerians, he noted that the people will value the President’s efforts over the next years.

According to reports, Kalu made the comments on Tuesday at the National Assembly compound while interacting with reporters.
Nigerians, according to Senator Kalu, are accustomed to earning money easily without having to put in any effort, but President Tinubu has asked that the proper actions be taken since taking office.

“I want to tell you the truth,” he said. I’m a businessperson, not a public servant. The things that are not occurring are few and far between. In the long run, the indicators of Mr. President’s policies may not be functioning. Yes, I agree that people continue to suffer. At the macro level, however, rather than the lesser level, it has begun to seep in. It is my hope that the objectives of the President would be implemented and that Nigerians will recognize his efforts in the upcoming two to three years.

I have proof that Obama is the first president to halt the fuel subsidy since 1960. The dollar rates were blended by this president for the first time. We are hurting because Nigerians are not accustomed to putting in a lot of effort. We’re used to making quick cash. In the past, people would sit in their homes, utilize their phones, acquire money, and sell for extremely high prices.

“People use their tank farms, gather papers, and earn money while sitting at home. If you’re ready to earn money, do it the proper way, according to this president. Get out of it if you’re not ready.

A second term for Tinubu is in Nigeria’s best interests.
Speaking against President Tinubu’s recent endorsement for the All Progressives Congress (APC) presidential ticket, the former governor of Abia State stated that Tinubu’s comeback is “in the interest of everyone, both in the North and the South.”

According to him, no one wants Nigeria to collapse, and Tinubu will only be out of office by 2031 at most.

“We do not want this nation to disintegrate. We desire that it stay in our nation. Nigeria is a country I adore. As a native of this nation, I take great pride in being a Nigerian. Many people lack pride. It’s horrible to watch people from other countries disparaging Nigeria and using profanity. It is improper to curse your president or the nation, regardless of whether you belong to the ruling or opposition parties. Nigeria does not belong to Tinubu. Does he own the property? Does Tinubu seem to be the owner to you journalists? No. The country is owned by us. He can stay for no more than eight years. After that, we reclaim our nation. Whether Buhari is in Daura or not? Thus, Tinubu will visit Lagos again in 2031. He’ll return.

“Go to Lagos if you wish to see him. But above all, Nigerians ought to pray for the president’s good health and long life so he can finish his term in office,” Kalu continued.

Commissioner: Lagos to Become 24-Hour Economy via Energy Innovations

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The Lagos State Government has promised to provide methods to make the city’s economy run around the clock using sustainable and dependable energy.

The Ministry of Energy and Mineral Resources has revealed a bold future plan to improve electricity reliability, promote local manufacturing of power infrastructure components, and provide universal energy access in order to realize this objective.

At the present Ministerial Press Briefing to mark Governor Babajide Sanwo-Olu’s six years in office, Commissioner for Energy and Mineral Resources Engr. Biodun Ogunleye spoke about these strategic aims.

The full implementation of the Lagos Electricity Market structure under the Lagos State Electricity Law, 2024, Ogunleye said, is a key initiative of the Ministry. This will entail licensing independent electricity distribution companies, assisting embedded generation, and operationalizing the Lagos Independent System Operator (LISO) in order to stabilize the power ecosystem.

“With dependable and sustainable energy solutions, we are proactively moving Lagos towards a 24-hour economy,” Ogunleye said.

Along with plans to expand these initiatives throughout rural and riverine areas, he said the Ministry is also working to finish and power eight interconnected mini-grids in underprivileged communities.

“Long-term energy planning and infrastructure investment will be guided by the Lagos Integrated Resource Plan, which is presently being developed.”

Read Also: Labour Party in Crisis as Obidient Movement Joins ADC Across 5 States!

In addition, Engr. Ogunleye revealed that agreements are being reached to collaborate with domestic and foreign investors on the local production of power assets such transformers, meters, cables, and switchgear.

In addition to strengthening the energy value chain, Ogunleye claims that this will increase industrial capacity, generate jobs, and lessen the State Government’s reliance on imports.

In order to guarantee that no community is left behind in the energy transformation, Lagos is also planning to activate the Lagos State Electrification Agency (LSEA) and strengthen its partnership with the Rural Electrification Agency under the DARES initiative.

The Commissioner stated, “When all of these plans come to fruition, Lagos will have effectively established itself as a model for sub-national energy transformation in Africa, utilizing partnerships, technology, and policy to power prosperity.”

Labour Party in Crisis as Obidient Movement Joins ADC Across 5 States!

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Several Labour Party factions, pro-Peter Obi movements, and prominent Obidient groups in five Nigerian states have officially joined the African Democratic Congress (ADC), citing leadership struggles and lack of internal democracy in the Labour Party.

This major realignment is expected to impact Nigeria’s political landscape ahead of the 2027 elections. The ADC has promised inclusiveness, grassroots engagement, and youth involvement. Political analysts believe this could change opposition dynamics and influence future electoral strategies.

Probe Allegation Of Financial Inducement To Charge Me To Court, Lawyer Writes IGP

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Human Rights Lawyer, Barrister Victor Giwa, has called on the Inspector- General of Police, Mr Kayode Egbetokun, to investigate the Commissioner of Police, legal services of the Nigeria Police, Chiozoba Oyakhire Ehiede and Ms Asabe Waziri, over allegation of frivolous charge filed against him and one other.

Barrister Giwa, in a letter dated 23rd May, 2025, asked the IGP to probe the allegation of financial inducement to charge him to court.

He is also seeking the intervention of the IGP to unravel the connection between Asabe Waziri and CP Legal, the withdrawal of the charge against him and re-investigation of charge no: CR/150/25 between IGP v. Victor Giwa and another

According to him, he is being charged to court for standing against falsehood and lies and insisting that the right thing should be done.

Parts of the letter read, “I write to report the various illegal and unlawful activities carried out against me by CP CHIOZOBA OYAKHIRE EHIEDE and Asabe Waziri

“Asabe Waziri who is a senior management staff of Nigeria National Petroleum Company Limited (NNPCL) has been boasting about how she use the police to deal with me, by charging me with various offences , to deter me
from opposing his Illegal and unlawful action against me and my client Cecil Osakwe.

“The CP Legal knowingly, gave unlawful advisory to the IGP in aid of ASABE WAZIRI and caused officers of the Nigeria police force led by Csp Maga, to FORCEFULLY BREAK INTO AN APARTMENT destroying doors and forcefully putting ASABE WAZIRI in possession of a the flats situated at NO 1 Mekong close Maitama, Abuja.

“This was done on the June 26th 2024, while there was pending application for STAY OF EXECUTION, Notice of Appeal with Appeal NO: CA/ABJ/CV/246/2022 to the Court of Appeal and positive Order of Court in High Court Keffi , Nasarawa State in Suit no: NSD/K70F /2024, served on Asabe Waziri and the Police.

“In a reckless manner, I was arrested as the lawyer to Cecil Osakwe and the Abeh Signature Apartment forcefully taken to the apartment and made to open the flats. I insisted that I will not be able to do that, since that matter is subject of litigation in both the Supreme Court and the High Court.

“However, at the instance and advice of CP Legal, the police officers break the doors of the flats and put Asabe Waziri in possession. Asabe Waziri has remained in the flats till date.

“The CP legal, knowing that I will insist on the lawful action, conspired with Asabe Waziri to fetch and fish out different cases against me to set me up with the aim of raising charges against me.

“The CP Legal is using his office, to raise charges agaitist me with the intention of silencing me from speaking out against his illegal and unlawful despicable action , that puts the imtage of the Nigerian police into disrepute, just to favour Asabe Waziti. As at today, the CP has filed charges against me at the instance of Asabe Waziri’s petition.

“The Charge with Charge NO: CR/150/25 filed at the FCT High Court is aimed at embarrassing and harassing me to satisfy the boasting and the yearnings of Asabe Waziri .

“I humbly submit, that the current charge against me in Charge NO:CR/150/25 is baseless, frivolous and vindictive. It is self-serving and is borne out of Asabe Waztri’s quest to use the CP legal to “deal with me”.

2025 Hajj: Nigerian Pilgrims Number 34,647 as Makkah Receives Them – NAHCON

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According to the Nigerian Hajj Commission (NAHCON), 34,647 pilgrims from Madina have already arrived in Makkah to complete the Hajj ceremonies for 2025

Alhaji Alidu Shutti, the Deputy Coordinator of the NAHCON Office in Makkah, revealed this to Makkah reporters on Monday.

According to Shutti, the Director of Inspectorate and Compliance, the commission was ready to help the pilgrims enjoy a seamless Hajj experience‶

As of yesterday (Sunday), we have received 34,647. I would want to use this opportunity to let you know that everything is going well so far.

As I speak to you, however, some pilgrims have been led to their lodgings in Makkah, and we would like to let you know that we are on track.

“We are ready to help Allah’s guests so they can perform the Hajj Mabur,” he declared.

He claims that the Saudi Ministry of Hajj and service providers have been meeting with NAHCON on a regular basis.

These update sessions have been held even at the deputy ministerial level in the Kingdom of Saudi Arabia’s Ministry of Hajj.

And throughout the discussion, we went over our operations’ level, our past actions, and our future plans. It is simply to ensure that everything is done in order for the Hajj activities to be successful,” he stated.

The Saudi authorities were also praised by Shutti for providing the commission with the consular support it needed to ensure the Hajj was a success.

The Nigerian embassy in Riyadh and the Nigerian Consulate-General in Jeddah are our primary hosts in the kingdom, and we would want to take this opportunity to express our gratitude to them.

They have been incredibly helpful and wonderful. For the Hajj to be successful, they have been providing the commission with the required consular support,” he stated.

The NAHCON representative also praised the staff members’ cooperation and teamwork in delivering effective and efficient services to the pilgrims.

He claims that in order to guarantee the success of the Hajj activities, everyone is working nonstop.

We have the task of serving Allah’s guests in an efficient and effective manner.

In accordance with the terms of the contract signed with the service provider, it is also to guarantee that the pilgrims’ money is used for the services and that they are rendered appropriately.

Read Also: Dangote Group Unveils Bold Export Growth Strategy for Nigeria

We have people from the commission that keep an eye on the services, I should also let you know. We have compliance and inspectorate personnel.

“They are to keep an eye on whether they are delivering the services they have committed to.

We also have representatives from evaluation and monitoring. He said, “They are to keep an eye on and assess the kind of services being provided to the pilgrims.”

This is to make sure that Allah’s visitors receive nothing but the best, according to Shutti.

Dangote Group Unveils Bold Export Growth Strategy for Nigeria

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Aliko Dangote, president of Dangote Industries Limited (DIL), Africa’s richest man, has announced plans to increase Nigeria’s export capacity with an ambitious project that focuses on fertilizer exports that may generate up to $7 million per day.

Dangote referred to his export strategy as an unprecedented business endeavor for Nigeria while speaking at the Nigerian Ports Authority (NPA) headquarters in Lagos.

“We will be exporting roughly 16,000 tons of fertilizer over the next two years,” he stated. That amounts to roughly $6.5 million to $7 million in revenue that will be entering the nation every day. We want to export about eight cargoes of fertilizer.

With an annual production capacity of three million metric tonnes, the Dangote Fertilizer factory is Africa’s largest granulated urea producing complex. This facility has been essential in supporting Nigeria’s agricultural sector and reducing reliance on imported inputs.

The vision of the business tycoon goes much beyond the shipping of fertilizer. In an interview with NPA director Abubakar Dantsoho on Sunday, he presented detailed plans to increase exports of a variety of products, such as cement, coal, polypropylene, and various petroleum derivatives.

“Our export business will soon be greatly expanded. As some of you may know from visiting our cement factory in Itori, we already export cement from Nigeria. He said that his company would start exporting coal in a few weeks and stated, “We have a whole factory of six million tons for cement export.”

More than 25 million tons of various products will be exported from the enormous $20 billion petroleum refinery, which is presently in operation. Among other things, these cargoes will include up to 700,000 metric tons of polypropylene.

Dangote explained the unusual scope of the planned maritime operations in the Lekki area. A million barrels of crude oil will be transported annually by 240 crude oil tankers, according to the expected operations. Furthermore, more than 600 product carriers and a large number of fertilizer delivery ships will be needed for the activities.

He declared, “This is an operation that has never, ever been seen in the country.” “However, if NPA fails to provide us with the services we require, our operations will collapse.”

The industrialist emphasized that more government support for the ports authority’s growth plans is crucial to its implementation. He emphasized the need for more maritime resources and equipment.

Read Also: Nigerian Exchange Reaches New Peak as Investors Add N583bn

“With their own hands, the [NPA] will not be able to perform these tasks. They must have the necessary tools. “They need more tugboats,” he said.

In order to guarantee the authority obtains sufficient government support, Dangote is dedicated to promoting institutional aid.

He went on to say, “We will also be putting in a few words in the necessary quarters to make sure that NPA gets all the necessary assistance from the Federal Government.”

NPA Director Dantsoho underlined the authority’s dedication to meeting the growing maritime needs of the Dangote Group, acknowledging their significance for the growth of Nigeria’s blue economy and marine industries.

Dangote’s initial projections of 600 vessels per year have already been exceeded by current port activities. Since October 1, 2024, the authority has handled and processed more than 57 vessels every month, surpassing initial projections.

That exceeds the projection. In the upcoming year or two, Nigerian ports’ operations will undoubtedly quadruple, Dantsoho said.

Authorization has been secured for new deep-water port developments in Ibom, Bakassi, Olokola, Ondo, and Badagry locations, while infrastructure upgrades at Tin-Can and Apapa port facilities are expected to start in the third quarter.

The administration is worried about these additional ports. We’ll start to notice that these ports will materialize very soon,” he stated.

This extensive export growth is a game-changer for Nigeria’s trade profile, with the potential to establish the nation as a significant exporter in a number of industrial areas. Combining fertilizer, cement, petroleum products, and other commodities might greatly increase foreign exchange profits and improve Nigeria’s standing in international markets.

Coordination between government and private sector infrastructure development, especially in port facilities and maritime support services, will be crucial to the success of these initiatives.

Nigerian Exchange Reaches New Peak as Investors Add N583bn

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This week, the Nigerian Exchange (NGX) had a solid performance, with market participants adding ₦583 billion in value, sending the All-Share Index to previously unheard-of heights.

Investor confidence has been steadily increasing since Monday’s trading session, when it started to gain speed.

With a strong 0.85% increase of 924.50 points, the benchmark index closed at a record high of 109,953.12. The durability of Nigeria’s capital market is demonstrated by this milestone, which also indicates the growing optimism among market participants.

Even though prices were rising, trade activity was trending in the opposite direction. There was a 34.98% fall in transaction volumes and a 38.78% decline in the overall trade value. 637.54 million shares valued at ₦11.09 billion were exchanged in 19,775 trades, according to market statistics.

The market’s growth was fueled by a number of mid-tier and blue-chip businesses. The session’s best performer was ARADEL, which recorded remarkable gains of 9.98%. Other noteworthy performers were CILEASING (+7.32%), LINKASSURE (+8.16%), ABCTRANS (+8.43%), and UPL (+9.86%).

ARADEL, BUAFOODS, and other high-quality equities attracted investors’ attention, and the increase was bolstered by judicious purchases in good businesses. The overall growth in market capitalization was greatly aided by this selective approach.

The largest trading volume, representing 11.36% of all stock transactions, was FIDELITYBK. The next-highest volume activity was 9.02% for CUSTODIAN and 8.73% for ACCESSCORP. Rounding out the top five most active stocks by volume were GTCO and ZENITHBANK.

Despite varying sectoral performance, GTCO led in value terms with 15.76% of overall trade value, indicating sustained interest in big banking stocks.

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At the end of the day, there was a positive market breadth, with 33 rising equities and 29 falling items. At -10.00%, TRIPPLEG led the decliners, indicating that not all stocks took part in the gain. Other noteworthy losers were VFDGROUP (-9.32%), MRS (-9.97%), and CUSTODIAN (-9.63%).

In all five of the major indicators, sectoral performance showed a varied picture. Despite consumer goods rising 2.20%, the oil and gas industry saw robust gains of 3.02%. Banking, on the other hand, fell by 0.02% while the insurance industry fell by 1.06%. The manufacturing sector did not change.

A growth of 0.85% was achieved by the whole market capitalization, which increased by ₦582.90 billion, bringing the total above ₦69 trillion. This performance indicates a consistent level of investor confidence in Nigeria’s economic prospects and reflects their hunger for high-quality stocks.

Selective buying patterns and record-high index levels point to a mature market where investors are becoming more interested in intrinsic value than speculative trading. For the long-term growth and stability of the market, this tendency is encouraging.