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Weak earnings by banks halt Nigerian stocks upside

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Twenty-one (21) equities appreciated at price during the week, lower than sixty-nine (69) equities in the previous week.

Nigerian Stocks finished the week aggregately on a bearish note.

The All-Share Index and Market Capitalization deteriorated by 2.57% to close the week at 34,136.82 and N17.838 trillion separately.

An all out turnover of 11.400 billion offers worth N35.892 billion of every 39,265 arrangements was exchanged for the current week by financial specialists on the floor of the Exchange, rather than an aggregate of 4.509 billion offers esteemed at N58.733 billion that traded hands a week ago in 47,140 arrangements.

The Construction/Real Estate industry (estimated by volume) drove the movement outline with 8.529billion offers esteemed at N6.055 billion exchanged 438 arrangements; hence contributing 74.82% and16.87% to the all out value turnover volume and worth individually.

The Financial Services Industry followed with 1.991 billion offers worth N19.933 billion of every 21,725 arrangements. The third spot was the Conglomerates Industry, with a turnover of 423.702 million offers worthN526.698 million out of 1,962 arrangements.

Exchanging the best three values to be specific UAC-Property Development Company Plc, Transnational Corporation of Nigeria Plc. what’s more, Jaiz Bank Plc. (estimated by volume) represented 9.259 billion offers worth N6.639 billion of every 1,958 arrangements, contributing 81.22% and 18.50%to the absolute value turnover volume and worth individually.

(21) values acknowledged at cost during the week, lower than (69) values in the earlier week. (55) values devalued in cost, higher than twelve(12) values in the earlier week, while (85) values stayed unaltered, higher than eighty (80) recorded in the earlier week.

Top 10 gainers W/W

B.O.C. GASES PLC. up 39.88% to close N 6.77

TRIPPLE GEE AND COMPANY PLC. up 19.57% to close N0.55

NEM INSURANCE PLC up 17.27% to close N2.58

AIICO INSURANCE PLC. up 12.22% to close N1.01

IKEJA HOTEL PLC up 10.00% to close N1.10

LINKAGE ASSURANCE PLC up 10.00% to close N0.55

CONOIL PLC up 9.45% to close N20.85

UPDC REAL ESTATE INVESTMENT TRUST up 9.21% to close N4.15

Foundation INSURANCE PLC up 6.90% to close N0.62

CHAMPION BREW. PLC. up 6.00% to close N1.06

Top 10 losers W/W

Crowning ordinance INSURANCE PLC down 21.15% to close N0.41

OANDO PLC down 19.75% to close N3.21

JAPAUL OIL and MARITIME SERVICES PLC down 18.18% to close N0.27

TRANSNATIONAL CORPORATION OF NIGERIA down 13.04% to close N1.00

FBN HOLDINGS PLC down 12.12% to close N7.25

Real BANK PLC. down 11.93% to close N1.92

NIGERIAN AVIATION HANDLING COMPANY PLC down 11.54 % to close N2.30

Loyalty BANK PLC down 11.42% to close N2.56

FCMB GROUP PLC. down 11.40% to close N3.03

Standpoint

Nigerian Stocks had its bullish run stopped subjectively on the inclination that Stock dealers and financial specialists strengthened their benefit, considering the huge measure of powerless income recorded by Nigerian Banks.

It was obvious to see four Nigerian banks in the main 10 washouts diagram for the week, as financial specialists worried on such execution on the premise that Nigeria’s financial industry remains the most energetic after Agriculture, Energy in Africa’s biggest economy.

we imagines you would look for the exhortation of a guaranteed stockbroker when picking stocks to purchase, as most Nigerian stocks regularly offer cyclic returns.

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Rage as Fela Kuti is not among the inductees into the Rock and Roll Hall of Fame 2021 class

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Godfather of Afrobeat, Fela Anikulapo Kuti who received the posthumous honour to be among those vying to be inducted into the Rock and Roll Hall of Fame 2021 some few months back, sadly failed to secure a spot despite being top two on the voting polls.

Fela Kuti gets shunned from the inductees despite being top two.

Today, May 12, the committee announced the inductees by means of a 3-minute video through president and CEO, Gregg Harris. Fela was nominated in the Performers Category, amassing a total of 545,000+ votes, making him the second most voted act after Tina Turner (548,000+ votes) but to the surprise of the masses, Fela was not included in the list of inductees.

Shockingly included are performers like rap icon and mogul – JAY-Z and LL Cool J who failed to secure a top five spot on the poll, infact, they were the least voted acts when voting concluded.

Although, quite frankly there is a disclaimer on the website were the poll was conducted, stating that votes do not guarantee induction but for a Top 2 voted act in Fela Anikulapo Kuti, that should not even be the case and Nigerians have taken to Twitter to express their disappointment at the ‘rigging’, ‘clout chasing’ and inconsiderate conduct regarding how the Rock and Roll Hall of Fame committee unjustly treated the voting polls and Fela Kuti.

On what might have transpired regarding the voting stage and selection of inductees, Fela’s first son, Femi Kuti had this to say:

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Video: Mojisola Oduola -Kabiyesi

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At last the long awaited video is out . KABIYESI The unquestionable God.

watch and make sure you subscribe to my YouTube channel. May God bless you as you do so.

This will surely serve as my birthday gift from my love ones.
Click on the link below

CLICK TO DOWNLOAD

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Funny tweets, memes and videos from Twitter NG for “Happy 420”

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Today’s date, April 20, stylised as 4/20 is a day worldwide commemorated by stoners or smokers of weed to celebrate marijuana. In short, it is treated as a public holiday for weed/marijuana and termed—Happy 420.

Twitter NG i.e users of Twitter in Nigeria, as it is the yearly custom are trending “Happy 420” as the number one topic in the country. While many really used the medium to share their unwavering love for weed, others have taken it upon themselves to make funny tweets, memes, skits and share several videos in relation to weed smoking and “Happy 420” as an entity.

While some tweeps take jab at those who don’t smoke weed but indulge in the “woke” culture by wishing stoners a “Happy 420”, others in their own way intentionally misinterpret certain scriptural verses for comedic purpose in order to aid and bait their smoking habits, still others take it upon themselves to disperse various memes which for sure will bring a smile upon your face. That’s not all, though, for we have some tweeps who did brainstorm to form some of the best puns concerning weed and stoners jokes ever. Well we can say irrespective of the way they passed their message regarding “Happy 420”, they all ended on a high note. Enjoy!

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