Economy
27 Stocks Push Market Capitalisation Above N12tr Mark with N142b Gain
By Modupe Gbadeyanka
Momentum on the trading floor of the Nigerian Stock Exchange (NSE) was pushed to the 14th consecutive session on Tuesday, July 25, 2017 as the All Share Index (ASI) grew 1.19 percent or 412.95 points to 35,065.47 points, crossing the 35,000 mark, and further expanding the Year-to-Date return to 32.22 percent.
Today’s performance was largely driven by gains recorded by blue-chip stocks led by Nestle, Forte Oil and others, leaving the market breadth positive with 27 advancers against 18 decliners.
Nestle chalked up N8 to settle at N910 per share, while Forte Oil appreciated by N5.40k to finish at N62.90k per share.
Furthermore, Okomu Oil moved up by N3 to close at N67 per share, UBA added 65k to end at N10.10k per share, and Zenith Bank gained 60k to close at N23.85k per share.
On the flip side, Nigerian Breweries shed N3.40k to end at N155.60k per share, and UACN lost 71k to finish at N16.68k per share.
In addition, Dangote Sugar declined by 42k to end at N8.71k per share, NASCON fell by 15k to settle at N9.15k per share, while Lafarge crashed by same margin, 15k, to close at N60.5k per share.
As the market awaits half year earnings of some blue-chip stocks, which would likely be released from next month, investors added N142 billion today to push the market capitalisation above N12 trillion market, closing at N12.09 trillion.
As Business Post correspondent reports, a total of 288.6 million shares worth N2.5 billion exchanged hands on Tuesday in 2,578 deals.
This was largely influenced by interests in UBA and other stocks, which were active on the trading floor of the NSE today.
At the close of trading activities on Tuesday, UBA traded 118.5 million shares for N1.2 billion, while Transcorp exchanged 38.3 million units worth N63.2 million.
Also, Fidelity Bank sold 25.6 million shares valued at N33 million, Access Bank transacted 21.5 million shares worth N216.8 million, while Fidson traded 12.6 million shares at N38.8 million.
Economy
SEC Postpones Q2 2026 Pre-registration Training, Examination for CMOs
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.
Economy
Fidson Lists Additional 600 million Shares on Stock Exchange
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.”
Economy
FG Approves Payments to 1,240 Contractors to Ease Liquidity Pressure
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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