The Nigerian Exchange Limited (NGX) sustained gains at the end of yesterday's transactions occasioned by gains in Dangote Sugar Refinery (DSR) and 33 stocks, causing the all-share index (ASI) to rise by 0.5 per cent to a 15-year high of 66,490.34 points.
A leading ground handling company in the country, Nigerian Aviation Handling Company (NAHCO Aviance), has recorded a major feat with the export of food items to European countries.
The increment in cargo handling charges by the Nigerian Aviation Handling Company (NAHCO) and the Skyway Aviation Handling Company Limited (SAHCOL) may have torn the clearing agents apart, as they disagree on the need for the tariff rise.
The bureaucratic bottlenecks stifling national export potential have taken another turn with the two major ground handlers in the air transport sector raising cargo processing charges by 100 per cent.
Following gains in Nigerian Aviation Handling Company (NAHCO) and 20 stocks, the equities market halted its losing streak, closing in an upbeat yesterday, as market capitalisation appreciated by N3 billion.
The Nigerian equities market reopened in a downturn yesterday, following losses, in UACN and 21 stocks, as market capitalisation depreciated by N26 billion.
Nigeria’s rising inflation may have begun to take a toll on the value of dividends, coupled with apathy from stringent bureaucratic processes, therefore compelling over 420,000 shareholders of seven quoted companies to abandon their dividends in the past few years.
The Nigerian equities market rebounded at the reopening of transactions, yesterday, as bargain hunting in MTN Nigeria and 15 stocks pushed market capitalisation by N41 billion.
The Nigerian Exchange Limited (NGX) sustained gains to three consecutive trading sessions yesterday, occasioned by buying interest in Lafarge Africa and 19 stocks, as market capitalisation increased further by N6 billion.
Whatever it is worth, the last industrial action by a section of aviation workers and attendant collapse of both foreign and local flight services smirk of reckless and destructive unionism that should have no place in a progressive society.
National Drug Law Enforcement Agency (NDLEA) has paraded a pregnant woman, Mrs. Sylvester Gloria Onome who was arrested at the Nigerian Aviation Handling Company (NAHCO), after 800grams of skunk were discovered concealed in two small radio sets she was sending to Dubai, United Arab Emirate on Monday January 30, 2023.
Recent strikes by protesting workers of Nigerian Aviation Handling Company (NAHCO Aviance) and attendant disruption of flight operations have been held in breach of extant laws of the aviation industry.