- NEMA DG receives World Bank delegation on emergency awareness
Investors in Nigeria’s equities market recorded N224billion gain at the close of trading on Wednesday as buy interest in stocks like Oando, UH Real Estate Investment Trust, Legend Internet, Lasaco and other major advancers led the market to a positive close.
The stock market increased by 0.32 percent at the close of Wednesday’s trading session, driving this year’s return higher to +9.58 percent.
Shares of Fidelity Bank, GTCO, Royal Exchange, UBA and Access Holdings were actively traded on Wednesday.
In 13,682 deals, investors exchanged 611,527,369 shares valued at N16.680billion.
Oando led the gainers after rising from N47 to N51.70, up by N4.70 or 10 percent. UH Real Estate Investment Trust moved from N45.70 to N50.25, adding N4.55 or 9.96 percent.
Legend Internet increased from N5.50 to N5.90, up by 40kobo or 7.27 percent, while Lasaco rallied from N3 to N3.20, up by 20kobo or 6.67 percent.
The Nigerian Exchange Limited All-Share Index and Market Capitalisation increased further on Wednesday by 0.32 percent from preceding day’s lows of 112,427.48 points and N70.894 trillion respectively to 112,781.73 points and N71.118 trillion.
“Without any major headlines to shake things up, it really comes down to those dividend-driven flows keeping sentiment ticking over,” Vetiva analysts said ahead of Wednesday’s trading.
NEMA DG receives World Bank delegation on emergency awareness
Meanwhile, the Director General of the National Emergency Management Agency, Mrs. Zubaida Umar, on Wednesday received a delegation from the World Bank, led by Francis Samson Nkoka, Senior Disaster Risk Management Specialist, at the Agency’s headquarters in Abuja.
The visit was in furtherance to existing partnership between NEMA and the World Bank, aimed at enhancing disaster risk management mechanisms, particularly at the sub-national levels across Nigeria.
During the meeting, Nkoka highlighted the World Bank’s interest in deepening collaboration with NEMA to support the implementation of strategies that strengthen emergency preparedness and response capacities at the state and local government levels.
He emphasized that the initiative was also aimed at reinforcing institutional frameworks and improving operational readiness across all tiers of government.
In her remarks, Mrs. Zubaida Umar, expressed appreciation for the World Bank’s sustained support.
She reaffirmed the Agency’s commitment to a robust partnership that fosters timely and effective disaster risk management nationwide.
The visit underscores the critical role of stakeholder collaboration in advancing Nigeria’s resilience to disasters and improving emergency response systems across the country.