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Economy

Nigerian Stocks Open Week With 0.04% Marginal Gain

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Nigerian Stocks

By Dipo Olowookere

Nigerian stocks recorded a marginal gain of 0.04 per cent on Monday, with 25 equities closing in green, while 17 shares closed in red.

Linkage Assurance and Transcorp were the best-performing stocks yesterday as they appreciated by 10.00 per cent each to settle at 88 kobo and 88 kobo respectively.

Cornerstone Insurance gained 9.62 per cent to trade at 57 kobo, Fidson grew by 9.09 per cent to N4.80, while Unity Bank appreciated by 8.47 per cent to 64 kobo.

On the flip side, Conoil was the heaviest price loser with a decline of 9.33 per cent to quote at N17.00, followed by Ikeja Hotels, which dropped 9.09 per cent to sell for N1.00.

Further, Sovereign Trust Insurance depreciated by 8.00 per cent to 23 kobo, NAHCO went down by 6.67 per cent to N2.10, while Jaiz Bank depreciated by 4.76 per cent to 60 kobo.

Business Post observed that the insurance and industrial goods sectors appreciated by 2.22 per cent and 0.07 per cent respectively on Monday, while the energy, banking and consumer goods indices decreased by 0.34 per cent, 0.07 per cent and 0.01 per cent respectively.

At the close of transactions, the All-Share Index (ASI) increased slightly by 16.70 points to 39,318.52 points from 39,301.82 points, while the market capitalisation expanded by N8 billion to N20.577 trillion from N20.569 trillion.

During the session, investors traded 329.7 million shares worth N2.1 billion in 4,308 deals compared with the 287.0 million equities worth N3.0 billion transacted previously in 3,578 deals.

Transcorp closed the session as the most active with the sale of 92.5 million units of its shares valued at N81.3 million with FBN Holdings trading 23.9 million units worth N177.3 million.

Axa Mansard Insurance transacted 20.1 million stocks for N18.4 million, Access Bank traded 17.1 million equities worth N129.0 million, while GTBank exchanged 16.4 million shares for N513.6 million.

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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