Differences

This shows you the differences between two versions of the page.

Link to this comparison view

Both sides previous revision Previous revision
profile_joshgeach2072 [2017/11/15 17:13]
joshgeach2072 created
profile_joshgeach2072 [2017/11/18 18:08] (current)
jean01 old revision restored
Line 1: Line 1:
-The President of the Christ Apostolic Church (CAC) Worldwide, Pastor Abraham Akinosun has praised the Federal Government ​for stopping the military operation in Abia State over the activities of the Indigenous People ​of Biafra (IPOB).+The Nigerian stock market closed yesterday to open for the new week on a negative note with a decline ​of 0.90 per cent.
  
  
-The cleric noted that the development was proof that the government was not deliberately interested in clamping down on IPOB members.+In summary, ​the All Share Index (ASI) shed 329.15 absolute points, representing ​loss of 0.90 per cent to close at 36,317.31 points. Similarly, ​the market capitalisation dropped by N113 billion, to close at N12.518 trillion.
  
  
-Speaking at this year’s Pastors’ Conference held at the Babalola Memorial CampIkeji-ArakejiAkinosun noted that the clashes of IPOB members with the military at various check-points on September 1011 and 12 was said to have led to the declaration of the organisation as terrorist group.+The downturn was impacted by losses recorded in medium and large capitalised stocksamongst which are; MobilGuinessGuaranty Trust Bank, Flourmills, Nigerian Breweries, Access Bank, Zenith Bank, UBA, Dangote Cement ​and FBN Holdings.
  
  
-The clericwho described ​the development as sad, however said there were excesses ​on the part of IPOB membersnoting that the states acted in the interest ​of peace in taking the action.+Analysts at Afrinvest noted that"​Given ​the extended sell pressure ​on the Bourse over the past two weekswe expect to see some bargain hunting by investors ​in early trades ​of this week.
  
  
-According to himno responsible government would stand by and watch while the security ​of the people was being threatened.+"We maintain our positive medium term view for equitieson the back of positive forward earnings and increase in valuation multiples."
  
  
-Hehoweverurged both the federal and state governments ​to look into the demands ​of the groupstressing that if they are genuine grievancesthey should be addressed in the interest of peace and unity of Nigeria.+Market breadth was negativewith nine gainers versus 30 losers. Total recorded the highest price gain of 9.09 per cent, to close at N236.50. Airline Services followed with a gain of 4.99 per centto close at N5.68while Cutix appreciated by 4.98 per cent to close at N2.11 per share.
  
  
-The President supported that the country should be restructured ​to enable the Federal Government to shed some of its weights and devolve power to the federating units in order for them to develop ​at their own pace.+Vitafoam appreciated by 4.49 per cent to close at N2.79, while Continental Reinsurance went up by 3.88 per cent to close at N1.34 per share.
  
  
-On the economyastor Akinosun expressed ​the need for diversificationadding that from 2030,the whole world would phase out petrol and diesel-powered vehicles and the demand for the product would drastically reduce.+On the other handMobil and Transnational Express led the losers’ chart by five per centeach to close at N182.93 and seven six koborespectively,​ while Conoil followed with a decline of 4.71 per cent, to close at N27.70 per share.
  
  
-This, he noted, would negatively affect development,​ even as he said it would have negative effects on the economy of the countryHe called on economic planners ​to evolve strategies that will cushion the effects of the glut of crude oil in the international market.+Champion Breweries depreciated by 4.49 per cent to close at N2.34 and Livestock declined by 4.26 per cent to close at 90 kobo per share.
  
  
-Meanwhilehope is rising on the final reconciliation of the 26-year-old crisis in the Christ Apostolic Church fold. +Also, the total volume traded decreased by 17.6 per cent to 348.11 million sharesworth N2.98 billion, and traded in 3,276 dealsTransactions ​in the shares ​of Costodian ​and Allied Insurance topped ​the activity chart with 190.56 million shares valued ​at N647.9 millionOando followed with 27.37 million shares worth N185.37 millionwhile Access Bank traded 14.95 million shares valued at N151.53 million.
- +
- +
-Indication ​to this emerged when the warring factions that had been at loggerheads with the mainstream General Executive Council (GEC) suddenly joined others at the Pastors’ Conference at Babalola Memorial Camp, Ikeji-Arakeji. +
- +
- +
-Crisis had engulfed the leading Penticostal Church since 1990 when the leadership of the church dismissed some Pastorsincluding the late Prophet T.O ObadarePastors J.O Adegoroye N.E Udofia, J.A Akintola ​and P. Alayo over alleged anti-church activities. +
- +
- +
-It was learnt that the aggrieved factions had taken each other to court for resolution of the disputesthe last of which favoured the GEC, adjudged as the authentic ruling body of the church. +
- +
- +
-Also, the criminal case against its leaders was resolved ​in their favour when the Federal High Court, Ibadan dismissed the suit. +
- +
- +
-However, delegation ​of the Supreme Council led by Pastor Henry Ojo visited Ikeji-Akeji Conference for a solidarity re-union where he delivered the message of their leaders to the GEC. +
- +
- +
-Among members of the delegation were Pastors Henry Ojo from Port Harcourt, James Onagwa ​and Matthew Olaseinde, while another team was led by Pastor Paul Obadare of World Soul Winning Evangelistic Ministry (WOSEM). +
- +
- +
-Pastor Ojo appreciated ​the rousing welcome accorded them at the conference, stressing that the delegation did not act on its own, but by the directive of the Supreme Council faction. +
- +
- +
-He said it was time the CAC ended the protracted crisis, pleading for reciprocal visit by the GEC to Supreme Council Pastors’ Conference ​at Alasepe Camp Ground, Ikire. +
- +
- +
-Also speaking, Pastor Obadare urged all factions to reconcile to fulfil the CAC’s motto which is ‘One fold and one shepherd"​. +
- +
- +
-The PresidentCAC Worldwide, Pastor Akinosun expressed happiness for the visit by the other factions, stressing that the crisis was a sad commentary on the church. +
- +
- +
-He sasid:"​I have always believed that court cannot be the best alternative to solve the problem within the CACAll human efforts to unite the church using human wisdom had failed, but God had resolved to end the crisis in His own time.+