Tag: rally

  • Equities sustain modest rally amidst bargain-hunting

    Quoted equities sustained their upward trend on Thursday as investors turned to worse-hit stocks for bargain-hunting. Two stocks- Oando Plc and Tiger Branded Consumer Goods (TBCG) Plc, which had suffered some of the steepest declines, have been at the centre of recent rally as investors sought to take advantage of the undervaluation of the stocks.

    Key indices at the Nigerian Stock Exchange (NSE) showed continuing bargain-hunting across the large, mid and small cap stocks, but there appeared to be a focus on small-cap stocks with dividend-paying history and potential for capital appreciation.

    With 19 gainers to 15 losers, there was also a slowdown in the momentum of the rally, raising the possibility of profit-taking activities in the next few trading sessions ahead. Aggregate market value of all quoted equities rose by N13 billion to close at N8.917 trillion as against its opening value of N8.904 trillion.

    The All Share Index (ASI)-the value-based index that tracks prices of all quoted equities; indicated a modest gain of 0.15 per cent to close at 25,923.77 points as against its opening index of 25,885.31 points. The modest rally further reduced the negative overhang at the stock market as the average year-to-date return improved to -9.49 per cent.

    Cross sectoral analysis showed continuing positive sentiments across stock groups and sectors. The NSE Oil and Gas Index indicated a gain of 0.72 per cent. The NSE Industrial Goods Index and the NSE Insurance Index inched up by 0.2 per cent each. The NSE Banking Index appreciated by 0.04 per cent. However, the NSE Consumer Goods Index dropped by 0.5 per cent.

    Dangote Cement, Nigeria’s most capitalised stock, led the gainers with a gain of N1.01 to close at N165.01. Flour Mills of Nigeria followed with a gain of 87 kobo to close at N18.38. Oando rose by 42 kobo to close at N4.86. PZ Cussons Nigeria added 30 kobo to close at N25. Dangote Sugar Refinery appreciated by 23 kobo to close at N5.98. TBCG gathered 22 kobo to close at N2.49. Access Bank rose by 20 kobo to close at N4.64. Red Star Express chalked up 19 kobo to close at N4 while Honeywell Flour Mills garnered 14 kobo to close at N1.72 per share.

    “We believe anticipated better-than-expected earnings releases would continue to spur bargain hunting although profiting taking activities may moderate market momentum. We maintain that investors buy into companies with consistent dividend payment history ahead of their earnings releases,” analysts at Afrinvest Securities stated.

    Total turnover stood at above average at 310.65 million shares valued at N2.06 billion in 3,015 deals. Fidelity Bank was the most active stock with a turnover of 112.42 million shares worth N129.46 million in 97 deals.

  • ‘Jonathan, MEND, others to attend Dickson’s final rally’

    ‘Jonathan, MEND, others to attend Dickson’s final rally’

    The leadership and members of the Movement for the Emancipation of Niger Delta (MEND) will on Saturday attend the final rally of the Peoples Democratic Party (PDP) and its candidate, Governor Seriake Dickson.

    A statement yesterday by the Restoration Campaign Organisation (RCO) said the MEND leadership would attend the campaign to educate the people on a peaceful election.

    RCO, in the statement by its Director of Publicity, Mr. Jonathan Obuebite, said ex-President Goodluck Jonathan would also attend the rally.

    Others expected are members of the PDP National Working Committee (NWC), the party’s present and past governors, PDP senators, members of the House of Representatives, members of the House of Assembly (past and present), PDP leaders and members in Bayelsa State.

    The party’s stakeholders and members at home and in the diaspora, 500 non-government organisations supporting Dickson’s re-election and people from diverse and strategic institutions will be at the event.

    Obuebite said the grand finale would witness the presentation of the PDP flag to Dickson and his running mate by the party’s national leadership.

    He said: “Bayelsa State is the Jerusalem of the Ijaw. The mother of all rallies on Saturday will showcase the unity of purpose of the Ijaw coming together as one and affirming the interests and aspirations of the Ijaw race.

    “The leadership and members of MEND will attend as a pressure group to campaign for a free and fair election on December 5.

    “The mega rally is the climax of Governor Dickson’s community-to-community tours (grassroots campaigns), which took him to the nooks and crannies of the state in the last one month, spreading his message of restoration and consolidation of peace, security and development.”

     

  • Photo: NLC supports Buhari’s fight against corruption

    Photo: NLC supports Buhari’s fight against corruption

    NIGERIA LABOUR CONGRESS RALLY IN SUPPORT OF PRESIDENT MUHAMADU BUHARI'S  FIGHT AGAINST CORRUPTION IN GOVERNMENT AT GOVERMENT HOUSE IN BAUCHI ON THURSDAY
    NIGERIA LABOUR CONGRESS RALLY IN SUPPORT OF PRESIDENT MUHAMADU BUHARI’S FIGHT AGAINST CORRUPTION IN GOVERNMENT AT GOVERMENT HOUSE IN BAUCHI ON THURSDAY
  • We’re not party to rally with National Assembly

    The Joe Ajaero-led faction of Nigeria Labour Congress (NLC) has distanced itself from the planned anti-corruption protest in collaboration with the National Assembly, which already has the nod of the Ayuba Wabba-led faction.

    The Ajaero group, which faulted the planned protest, said among others, that for  workers, the most pressing issue was the unpaid salaries and allowances as well as pension arrears of pensioners by state governments and some federal agencies.

    Comrade Ajaero, who spoke with The Nation in Lagos, during the weekend, was reacting to a report credited to Wabba that the NLC would collaborate with members of the House of Representatives over its planned anti-corruption protest in support of President Muhammadu Buhari’s anti-corruption war slated for September 10.

    But Ajaero said in the spirit of the reconciliation  anchored by Governor Adams Oshiomhole of Edo State and NLC veterans led by Alhaji Hassan Sumonu, both parties ought to have met to iron out certain fundamental issues and do some in-house cleansing before taking such action.

    He said while the labour movement supports the on-going war against corruption, it would amount to hypocrisy to work with the legislators who had refused to reduce their outrageous pay and allowances in line with the mood of the nation.

    “To collaborate with the National Assembly to protest against corruption when they have not allowed their salaries to fall in line with the minimum wage is wrong. If we do that, that is hypocrisy at its highest level. I am saying this without mincing words, the NLC two factions can still meet and agree on a date to protest in support of anti corruption moves of President Buhari but not to be hypocritical about it,” he said.

    He further pointed out that before this could be done, there is need for the NLC to cleanse its house making sure that the allegations over the Kriston-Lally Housing issue, the labour city transport issue, and the NLC election, among others, are sorted out. “He that goes to equity must do so with clean hands,” the labour unionist insisted.

    Ajaero explained that part of the issues that Governor Oshiomhole and others looked into and which the labour movement agreed to was the need to respect the ethics of the movement, its rule of law and procedures in handling issues. “If we have not gone into all these ones and we want to play to the gallery that we are protesting in support of the anti-graft war, I think the public will mock us and that is not the kind of NLC some of us want to see,” he said.

    He further said that the Wabba faction did not consult his group before taking decisions in the spirit of reconciliation. did not consult with his group us. “No party was supposed to fix a date to take an action without the two factions rubbing minds. But if one party goes out and takes a decision, it may be a good decision, but that may not be in line with the ideals of the other faction. We just read it in the papers and definitely we have to respond to it that we are not a party to a rally with the National Assembly,” he said.

    Ajaero insisted that he has never seen where this collaboration worked before especially when NLC is planning to picket the National Assembly on the jumbo pay.

    “At what point did we drop that idea of picketing the National Assembly over furniture and wardrobe allowances and when workers salaries have not been paid,” he added.

     

    While insisting that such collaboration cannot stand, he said it was based on deceit rather than on the ideals of labour. “The nature of the reconciliation and the committee that was set up is not such that removes the powers from the factions. Factions are still independent until the committee decides on the framework to operate with.

    “That is why they are free to make those comments and we are free to make the comments we are making. But ordinarily, if we are to go with the spirit of the reconciliation, we should have rubbed minds and by now all these fears would have been factored in,” he told The Nation.

    Asked the way forward, Ajaero said: “One thing we have all accepted is the need for a united and strong NLC. That one is clear.” Waxing philosophical, he added that, “In the choice of leaders of NLC, apart from the strength of the union, the brain of the individuals comes in.

    “A man may be leading a union with less than 20 members, but he is one of the best brains, you can’t do without him. The man may not be too intelligent, but he leads a union that when they cough, the country catches cold, you look for him.”

    He, however, said there is need for the two groups to accept where they started getting it wrong. He said, for instance, that when the late Musa Yar’ Adua came into power, he admitted that the election that brought him in was grossly faulty, but that didn’t stop him from performing as president. “But you rigged the election and you say you want to rule with impunity, then good luck. But I know that when we are together we will be stronger,” he said.

     

     

     

     

     

     

     

  • Osinbajo, Oyegun hit Bayelsa for APC mega rally

    Osinbajo, Oyegun hit Bayelsa for APC mega rally

    • Dickson pledges adequate security
    • Approves venue

    The Bayelsa State chapter of the All Progressive Congress (APC) is waiting with excitement to receive the Vice-President, Prof. Yemi Osibanjo and the party’s National Chairman, Chief John Odigie-Oyegun, in a first mega rally of the party, scheduled to hold today in Yenagoa.

    Osibanjo and Odigie-Oyegun, along with other APC governors are expected to receive over 600 PDP defectors at the rally, which will begin the party’s preparations for the December 5 governorship election in the state.

    The state Chairman of the party, Chief Timi Oruminighe, said all was set for the event, which he described as the beginning of APC’s march to the Creek Haven Government House.

    He said everybody in the state is waiting for the rally, adding that the turnout will determine the wide reception of APC in the state.

    He said the party would not depend on federal might to win the forthcoming elections, but would continue to mobilise and convince people to accept the principles of APC.

    Also speaking, a party leader, Prince Preye Aganaba, said residents in the state, groaning and suffering under the PDP government, were ready to receive Osibanjo.

    While welcoming Osibanjo, the national chairman and other national officers of the party, Aganaba urged them to proactively design Programmes and activities to lead the party to victory on December 5.

    He further appealed to the defectors to use their wealth of experience to create a lasting bond between them and founding members.

    He assured the new members of maximum cooperation, and reminded them of the need to strengthen all the platforms of the APC.

    Following the development, Dickson assured the APC in the state of adequate security before, during and after its planned rally.

    The governor, in a statement signed by his Chief Press Secretary, Mr. Daniel Iworiso-Markson, also directed the relevant organs of the government to approve the request of the APC and other political parties to use the state-owned Samson Siasia Sports complex and other public facilities for political rallies.

    Dickson said the gesture was in tandem with his commitment to ensuring a level playing ground and peaceful conduct of political activities in the period leading up to the December 5th governorship election in the state.

    Dickson also pledged adequate security for all political rallies and campaigns across the state to ensure that such activities were conducted under peaceful and lawful atmosphere.

    He noted that as the Chief Security Officer of the state, he had a duty to protect the lives and property of the citizenry and ensure that, people go about their legitimate duties, without any form of molestation.

    He said the decision to provide adequate security for all political activities was also to check hoodlums who might want to take advantage of such events to breach the existing peace and security in the state.

    He further explained that his disposition was also to forestall activities of some disgruntled politicians who might capitalize on the situation to create a state of insecurity and paint the government in bad light before Nigerians.

    He warned that acts of indiscipline and unlawful conducts will be dealt with in line

  • One killed, scores injured at Ibadan rally

    •Parties trade blame

    An attack on supporters of Accord at Odinjo, Iyana Modina in Ibadan, the Oyo State capital, yesterday, left one dead and an unspecified number of persons injured.

    Two Accord candidates- Gbenga Adewusi (House of Representatives) and Ademola Ige (House of Assembly)- organised the rally.

    Hoodlums attacked their supporters, which led to the death of one of the party supporters.

    Accord, in a statement by the Director General of the Rashidi Ladoja Campaign Organisation, Adeolu Adeleke, accused the All Progressives Congress (APC) of sponsoring the hoodlums.

    It posited that the party carried out the attack because of the perceived rising profile of Accord in the state.

    Though Adeleke claimed that two Accord supporters were killed, police spokesman Kayode Ajisebutu said only one person was killed. The police spokesman said three people had been arrested.

    Adeleke said: “Worried by the growing popularity and acceptance of Accord in Oyo State, scores of APC thugs swooped on a peaceful rally of our House of Assembly and House of Representatives candidates, Ademola Ige and Gbenga Adewusi at Odinjo-Ode-Ige, Iyana Modina in Ibadan South-East Local Government.

    “The thugs carried guns and other weapons when they stormed the rally and opened fired on our supporters and killed two of them on the spot. Fifteen people were injured, more unknown number of our supporters left with varying degrees of injuries.

    “A team from SARS arrested three of the thugs with pump action guns; other members of the gang fled.”

    But the APC denied the allegation, saying thugs among Adewusi’s supporters engaged urchins in a supremacy battle.

    The party added that Adewusi had been fingered in a recent unrest when he allegedly led thugs to attack some residents and APC members in Aremo and Ode Aje, to announce his arrival in Accord from the Peoples Democratic Party (PDP).

    It pointed out that the APC is a party of intellectuals, stressing that it does not habour thugs.

    The APC‘s Director of Media and Publicity, Olawale Sadare, said: “Neither our members nor supporters were involved in the fracas, which was recorded at Odinjo yesterday.

    “We had it from sources that some thugs in the campaign team of Gbenga Adewusi (aka Arole), who is the Accord Party candidate for Ibadan North East/South East Federal Constituency engaged some street urchins in a supremacy battle and this resulted in a free-for-all.

    “We recall that the same Arole was allegedly involved in an unrest at Aremo/Ode Aje  shortly after his defection to his new party from the PDP, when he led political thugs to attack some residents and members of our party in what a source close to him said was to create an awareness of his arrival in Accord.

    “APC does not harbour political thugs and we do not sponsor violence in whatever guise.

    “Therefore, we urge law enforcement agencies to carry out necessary investigation and ensure those found culpable are prosecuted.”

  • APC rally shootings victims recount experience

    APC rally shootings victims recount experience

    Ex-Head of State, Odigie-Oyegun: we’re worried

    Victims of Tuesday’s shootings at Okrika, the Rivers State hometown of First Lady Patience Jonathan yesterday relived their ordeal.

    The campaign rally of Rivers All Progressives Congress (APC) governorship candidate Dakuku Peterside, was truncated by explosions and gunshots fired by thugs suspected to be sympathetic to the Peoples Democratic Party (PDP).

    One policeman was killed while more than 50 people were injured.

    Among the injured were four soldiers, who were being treated at the Braithwaite Memorial Specialist Hospital (BMH) in Port Harcourt, the state capital.

    Some reporters including Channels Television man Charles Eruka were injured. Eruka was stabbed on the head and neck.

    Speaking at the hospital, a Soldier, who simply gave his name as Matthew, said, “I was posted to Okrika on election duty. You can see me here, we are about four soldiers rushed to this hospital. You can see wound all over my body,   I thank God that I am alive to tell my story.

    Other soldiers at the hospital refused to speak.

    Okechukwu, Ibe, an eyewitness, who lives in Okrika, said “ There was  tight security in and around the venue of the rally, Okrika Grammar School, but the first dynamite explosion occurred at about 1:20pm on the field.

    “The explosion attracted the attention of Anti-Bomb Disposal Unit, Counter-Terrorism Unit and other security operatives to carry out search behind one of the school buildings. Shortly, an announcement was made from the podium, ordering everybody in the VIP stand irrespective of status, to vacate the area for security reasons.

    “While the people on the VIP stand were about heeding the order, the second explosion occurred inside the school classroom at about 1:31pm, while the third explosion happened five minutes later. The venue became tensed up, and there was pandemonium. Security agencies arrested a young man allegedly in connection with the explosions.

    “Barely 20 minutes after, the APC  governorship candidate and his campaign team arrived, and the programme continued. In the midst of solidarity speeches, sporadic shootings came behind the Okrika Grammar School and the Cemetery.

    “People scampered for safety, while the shootings increased. The hoodlums attacked the Public Address System (PAS) and other facilities with explosives. At this stage, it was difficult to ascertain the number of people.”

    Police spokesman Ahmed Mohammad denied that another policeman had died in the hospital. The Commissioner of Police (CP), Dan Bature and I were at the hospital to see them. They are stable and recuperating,” he said.

    Mr. Joseph Amachree, one of the victims whose legs were bandaged, said: “my brother, all I could say is that God gave me another chance on earth.  I was at the venue. After the second explosions, we thought it was over. I went back thinking normalcy had returned.

    But I was surprised when some people came with all kinds of weapons, shooting, I heard a gunshot, but I cannot say what happened. Only to see myself at the hospital bed the next day. I thank God I am getting better now.

    Philip Williams, another victim, said he saw people running for dear lives and he joined them.

    When they rushed me here I was bleeding on my head and I couldn’t talk. I thank God that I can talk to you now and I can recognize you.

    Anayo Onukwugha of Leadership said: “Immediately the sounds of the guns and dynamites started coming closer, I made for an alternative route to connect to the ATC road, knowing full well that the road leading to the Saint Peter’s Cathedral had been taken over by the armed youths, who were exchanging gunfire with security agents.

  • Ndigbo rally at Ojukwu memorial

    Ndigbo rally at Ojukwu memorial

    It was just as well that on the day an elaborate memorial event was organised in Anambra State in the memory of  the late Dim Chukwuemeka Odumegwu Ojukwu, speeches of Igbo unity echoed.

    Some of the best regarded masquerades thrilled the crowd, as did various cultural dancers who displayed dazzling foot work at the Dr. Alex Ewueme Square, Awka, where all the 21 local councils of the state were represented.

    Dignitaries from the region were there including those who served in the military alongside the late leader.

    Ojukwu led Biafra during the Civil War and after his long exile, returned to lead Ndigbo once again. Until his death, he was still a force to reckon with, many coming to seek his advice on political issues.

    Yet, as the event wore on, dignitaries seized the opportunity to rally the entire Igbo people to unite and forge ahead.

    The event was organised by the state governor, Chief Willie Obiano.

    Former Vice President, Dr. Alex Ekwueme and his wife Beatrice; Col. Ben Gbulie, the man dubbed Air Raid because of his exploits during the Civil War and Chief Joe Achuzia, former Secretary General of Ohaneze Ndigbo, among others, were all present.

    There were some aspects which tended to portray the event as one to appease the spirits of some fallen Igbo leaders. The Catholic Bishop of Awka Diocese, Most Rev. Paulinus Ezeokafor, however, distanced himself from that perspective.

    The Bishop said, “I heard that our celebration today is understood by some people as a way of placating the spirits of departed and forgotten Igbo sons and daughters who are now blocking the progress of the Igbo nation, [and that] to open up the path of Ndigbo to peace and prosperity, these aggrieved spirits need to be celebrated.

    “This interpretation is indeed very far from our Christian belief about death and life after death. It also violates the challenge from the Book of Job to continue to trust God and know that in the mystery of God’s love and justice, virtuous and upright people could suffer.”

    Ezeokafor did not end his homily without imploring the people of the state and indeed Nigerians to exercise their civic responsibility of voting for candidates that they were convinced in conscience that would work for the betterment of the people in 2015.

    But he warned politicians and the society to desist from any act that would truncate the process. He also prayed for God’s intervention during the general elections.

    Governor Obiano described the remembrance of the Biafran fallen heroes as a unifying factor for Ndigbo

    “We must come together to re-unite the people of the Southeast,” he said, adding that, “the future of Ndigbo is guaranteed in one indivisible Nigeria.”

    Again, he said the event was equally about planting a tree of forgiveness in the minds of both the dead and living heroes of the war.

    Obiano said, “We are a people of faith; those people died courageously and that is why we are offering them this final burial. Ndigbo have become the most successful set of people in the entire black race.”

    From the list compiled by the state government, Anambra lost over 5,600 people during the war, while the Anglican Bishop of Awka, Most Rev. Alex Ibezim put the number of Ndigbo at 3m who  lost their lives during the war.

  • Students rally against electoral violence

    Students rally against electoral violence

    To sensitise students on how best to conduct themselves in the coming general election, students of Mass Communication Department of the Lagos State Polytechnic (LASPOTECH), Ikorodu have held a rally on the campus against electoral violence.

    The rally was held to commemorate the annual costume day of the Film Unit of the department. The students, who carried different placards, said they were worried by the spate of violence happening before the elections, urging the political class, security agencies and their colleagues to avoid bloodshed during the elections.

    Olusanjo Oladele, who spoke on behalf of the students, said: “The costumes we wear today reflect our diversity in ethnicity, professions, religion, and other interests. But we are united and we want to use this occasion to send a clear message to everybody in this country that we don’t want electoral violence.”

    Some of the placards displayed by the students had inscription such as, “No to violence before and after election”, “Free and fair elections we want”, “Your vote, your power”, “Let your vote count” and “Shun Violence”, among others.

    The students went round the campus, sensitising their colleagues and staff on the need to support peaceful conduct on the election.

    The Deputy Registrar (Students’ Affairs), Mrs Temitope Kolawole, who addressed the students, praised them for patriotism, while urging them to extend the campaign to electorate and youths outside the school.