A member of Equity Advocates, EA, Group Captain Patricia Okibedi, Rtd, has urged Nigerians to carefully study the allegations against Stella Oduah by giving her the opportunity to express her position before jumping into conclusion.
Okibedi is sure that the Aviation Minister shall be given a chance to say something before her enemies crucify her. She warned that Oduah’s huge exploits in the aviation sector are being down-played noting that it is dangerous for the democracy and for female specie in general.
According to the speaker,
“The energies, resources and emotions being sunk into the allegations against the Aviation Minister, Princess Stella oduah, are so huge that one begins to wonder what is happening. Why the political, ethnics, religious, class and sex dimensions being infused into the matter?
“After careful analysis of the purchase of bullet-proof cars by the Aviation Ministry, we have come to the conclusion that the anti-corruption fight is not fought head-long but selective, targeting female public office holders in particular,” she added.
Okibedi belives that continuous attack on female rising stars is quickly eroding the gains recorded in the last five years in the empowerment and advancement of women.
Concluding her statement, Okibedi appealed to newsmen saying they should find out facts in order to give Nigerians correct and accurate results.
“Please If Anything Happens To Me, It Wasn’t Ordinary” – Ex BBN Ifu Ennada
Nigerian reality TV star and actress, Ifu Ennada has disclosed that she is being threatened over her involvement with the ongoing #endsars protests.
The former BBNAIJA housemate told her fans that if anything bad happens to her, they should be aware that it isn’t ordinary, because she’s getting threat messages from anonymous people.
“They are threatening me! Guys the people where I live are getting calls that I should stop posting about these things.
Please if anything happens to me, just know that it wasn’t ordinary. I’m not posting things that aren’t happening or things that others are not already posting”.
She further mentioned that her location is currently off, and she isn’t home, so no one can trace where she is.
Hoodlums attack Nnewi police station, release motocycles impounded by police
Trending online is the news of Some hoodlums who have attacked the Nnewi police station before releasing motocycles impounded by the police.
The station was also set on fire.
A video of the hoodlums celebrating after releasing the motorcyles has circulated on social media.
Watch video below:
#EndSARS: Nigerian stock market investors lose N113.1 billion
The Nigerian stock market could not sustain the bullish performance recorded earlier in the week as the market, Wednesday, plunged by 0.75 per cent following the curfew announced by the Lagos State as a result of the protest by Nigerian youths against police brutality, tagged #EndSARS.
Market analysts have expressed skepticism about bullish performance in subsequent trading sessions this week; even as investors position ahead of the third quarter, 2020 (Q3’20) earnings releases.
The analysts noted that foreign investors are always wary of insecurity in any economy and would begin to halt investments.
Analysts at InvestData Limited said: “We expect this volatility to continue, even as high Dividend Yields attract inflow to equity assets, ahead of the peak period of the Q3 earnings reporting season and momentum associated with earnings season in the midst of crude oil price oscillation.”
Meanwhile, investors on the Nigerian Stock Exchange, NSE, lost N113.1 billion as market capitalisation, which represents the total value of stocks traded on the Exchange fell to N14.9 trillion while Year to Date, YtD return weakened to 6.0 percent.
Sell pressures dominated today’s trading session as investors booked gains from MTN Nigeria which dropped -1.4 percent followed by Guinness Nigeria -5.9 percent and ARDOVA -6.3 percent.
As a result, the NSE All-Share Index, ASI declined 75 bases points, bps or 0.7 percent to 28,449.49 points.
Activity level improved as volume and value traded rose by 9.8 percent and 44.3 percent to 326.6million units and N4.2billion respectively. The most traded stocks by volume were UBA (40.3million units), Zenith Bank (39.6million units) and Guaranty Trust Bank (38.3million units) while Guaranty Trust Bank (N1.1billion ), Zenith Bank (N800.9million) and Nestle (N479.9million) led by value.
Performance across sectors was lacklustre as all indices lost except Insurance index (0.6 percent) which was buoyed by price appreciation in WAPIC (10.0 percent). The Banking index lost the most, down 1.7 percent following losses in Guaranty Trust (-1.3 percent) and Zenith Bank (-1.2 percent).
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