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Economy

Financial Stocks Paint Nigerian Market Green by 0.13%

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financial stocks

By Dipo Olowookere

Gains recorded by financial stocks at the Nigerian Stock Exchange (NSE) on Thursday contributed to the 0.13 percent growth recorded by the market.

While the banking index appreciated by 5.99 percent during the session, the insurance counter improved by 1.89 percent. However, the consumer goods index lost 4.61 percent, the energy space declined by 0.21 percent, while the industrial goods sector depreciated by 0.16 percent.

Business Post reports that the market breadth closed positive with 24 price gainers as against eight price losers.

GTBank topped the gainers’ chart on Thursday after adding 90 kobo to its share price to sell at N18 per unit, while Union Bank gained 60 kobo to quote at N6.60 per unit.

Access Bank appreciated by 55 kobo to sell at N6.15 per share, Cadbury Nigeria also gained 55 kobo to trade at N6.20 per unit, while UBA appreciated by 35 kobo to N5.15 per unit.

On the other hand, Nestle Nigeria lost N85 to sell at N765 per share at the close of business yesterday, while Stanbic IBTC fell by N1.80 to N24.30 per unit.

Julius Berger depreciated by N1.70 to sell at N22 per share, GlaxoSmithKline declined by 30 kobo to trade at N3.50 per unit, while Nigerian Breweries went down by 20 kobo to quote at N26.80 per share.

Despite the gains posted by the stock market yesterday, the level of activity went down as the trading volume decreased by 26.26 percent to 172.2 million from 233.5 million, while the value of transactions reduced by 15.73 percent to N1.9 billion from N2.2 billion, with the number of deals crashing by 8.57 percent to 3,542 from 3,874.

A breakdown of the trades showed that Zenith Bank accounted for 40.6 million units worth N488.8 million, while UBA accounted for 16.0 million units valued at N79.3 million.

Sterling Bank sold 13.2 million shares worth N13.7 million, FCMB transacted 12.3 million valued at N18.5 million, while Access Bank exchanged 10.3 million stocks for N61.2 million.

At the close of transactions on Thursday, the All-Share Index (ASI) increased by 27.99 percent to 21,757.47 points from 21,729.48 points, while market capitalisation went up by N15 billion to N11.339 trillion from N11.324 trillion.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Economy

SEC Postpones Q2 2026 Pre-registration Training, Examination for CMOs

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capital market operators

By Aduragbemi Omiyale

The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.

Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.

This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.

The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.

In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.

“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.

“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.

“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.

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Economy

Fidson Lists Additional 600 million Shares on Stock Exchange

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fidson

By Aduragbemi Omiyale

One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.

The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.

The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.

They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.

Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.

“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.

“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”

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Economy

FG Approves Payments to 1,240 Contractors to Ease Liquidity Pressure

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FG contractors protest

By Modupe Gbadeyanka

This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.

This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.

This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.

The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.

In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.

It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.

The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.

“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.

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