Economy
27 Stocks Sink Nigerian Stock Market by 0.68% in One Week
By Dipo Olowookere
The Nigerian stock market was bearish last week as it depreciated by 0.68 per cent in the five-day trading week, thanks to 27 equities, which suffered losses at the close of business, though lower than 49 stocks in the preceding week.
The poor performance recorded by the Nigerian Exchange (NGX) Limited weakened the All-Share Index (ASI) and market capitalisation to 41,882.97 points and N21.854 trillion respectively.
Data from the exchange showed that all other indices finished higher with the exception of NGX 30, NGX premium, Lotus II and industrial goods indices, which depreciated by 0.54 per cent, 2.25 per cent, 1.31 per cent and 5.42 per cent respectively, while the ASeM, AFR Div Yield, and sovereign bond indices closed flat.
Business Post reports that 35 equities appreciated in price during the week, higher than 18 equities in the previous week, while 94 equities remained unchanged higher than 89 equities recorded in the previous week.
Unity Bank recorded the heaviest fall with 15.69 per cent to sell for 43 kobo, Dangote Cement dropped 10.00 per cent to N252.00, Linkage Assurance decreased by 8.93 per cent to 51 kobo, ABC Transport lost 8.82 per cent to trade at 31 kobo, while May & Baker shed 8.69 per cent to N4.10.
On the flip side, Meyer gained 50.00 per cent to trade at 33 kobo, Consolidated Hallmark Insurance rose by 25.00 per cent to 55 kobo, Academy Press grew by 20.51 per cent to 47 kobo, UPDC appreciated by 19.19 per cent to N1.18, while Royal Exchange jumped by 13.21 per cent to 60 kobo.
On the activity chart, a total of 2.6 billion shares worth N26.9 billion were traded in the week in 20,848 deals as against the 1.3 billion shares valued at N17.3 billion transacted a week earlier in 21,052 deals.
From these transactions, financial stocks accounted for 2.2 billion units worth N21.5 billion in 11,482 deals, contributing 84.95 per cent and 79.73 per cent to the total trading volume and value respectively.
The services stocks followed with 157.1 million units worth N695.8 million in 465 deals, while consumer goods equities traded 71.0 million units worth N1.7 billion in 3,019 deals.
The trio of FBN Holdings, Sterling Bank and C & I Leasing accounted for 1.6 billion shares worth N14.751 billion in 1,646 deals in the week, contributing 61.13 per cent and 54.84 per cent to the total trading volume and value respectively.
By Aduragbemi Omiyale
Shares of First Holdco Plc worth N45.0 billion issued through a private placement have been listed on the Nigerian Exchange (NGX) Limited.
A circular issued by the Head of Issuer Regulation Department of the NGX Regulation Limited, Mr Godstime Iwenekhai, disclosed that the equities were admitted for trading at the stock market on Monday.
According to the notice, the additional shares brought for listing to rank pari passu with existing shares of the organisation were 1,021,334,544 units.
These stocks were sold to one of the company’s major shareholders at a unit price of N44.06, amounting to N45.0 billion.
The total issued and fully paid-up shares of First Holdco, as a result of this listing, are now 45,475,027,677 ordinary shares of 50 Kobo each.
“Trading licence holders are hereby notified that an additional 1,021,334,544 ordinary shares of 50 Kobo each of First Holdco Plc were on Monday, June 22, 2026, listed on the daily official list of Nigerian Exchange Limited.
“The additional shares listed on NGX arose from the company’s private placement of 1,021,334,544 ordinary shares of 50 Kobo each at N44.06 per share.
“With the listing of the additional shares, the total issued and fully paid-up shares of First Holdco Plc have now increased to 45,475,027,677 ordinary shares of 50 Kobo each from 44,453,693,133 ordinary shares of 50 Kobo each,” the disclosure stated.
By Adedapo Adesanya
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has approved fresh import licences for petrol and diesel for the third quarter of 2026 (July – September) to prevent potential supply shortages in the domestic market.
According to a report by global energy intelligence firm, Argus Media, the latest approvals were issued to major downstream operators amid declining fuel stock levels and concerns over reduced petrol production at the 700,000 barrels per day Dangote Petroleum Refinery in Lagos.
The move comes as Nigeria continues to balance increasing local refining capacity with the need to guarantee adequate supplies of petroleum products across the country.
According to the Argus report, domestic firms, including AA Rano, AYM Shafa, Bono Energy, Nipco, Matrix Energy and Pinnacle Oil, received permits to import Premium Motor Spirit, popularly known as petrol, during the July-September period.
The publication further reported that the same companies, with the exception of Nipco, were granted approvals to import Automotive Gas Oil, commonly known as diesel. The fresh approvals follow an earlier batch of petrol import permits issued by the regulator in May, covering about 720,000 metric tonnes.
Quoting a regulatory source, Argus noted that many of the companies granted the latest approvals were among those that had received permits in previous rounds. “These are some of the same ones that previously received the PMS permits,” the source was quoted as saying.
It was also claimed that AA Rano and Matrix Energy each received approvals to import 180,000 metric tonnes of petrol. AYM Shafa received approval for 120,000 metric tonnes, while Pinnacle Oil received a permit covering 150,000 metric tonnes.
For diesel imports, Argus reported that AYM Shafa obtained a permit for 60,000 metric tonnes, while Pinnacle secured approval for 45,000 metric tonnes. The report stated that the import approvals were issued only recently, after being delayed from an initial target date of June 15.
By Adedapo Adesanya
Three securities weakened the NASD Over-the-Counter (OTC) Securities Exchange by 1.01 per cent on Tuesday, June 23, dragging the market capitalisation down by N25.91 billion to N2.544 trillion from Monday’s N2.570 trillion. Also, the NASD Security Index (NSI) decreased by 43.17 points to 4,239.34 points from 4,282.51 points.
The triplet price losers were Central Securities Clearing System (CSCS) Plc, which gave up N4.82 to trade at N75.00 per unit versus Monday’s closing price of N79.82 per unit. NASD Plc depreciated by N3.70 to close at N33.30 per share compared with the preceding day’s N37.00 per share, and Nitrox Industrial Gases Plc marginally lost 1 Kobo to sell at N21.41 per unit, in contrast to the previous session’s N21.42 per unit.
Tuesday’s trading data showed that the volume of securities traded by investors retreated by 35.9 per cent to 211,671 units from 330,034 units, and the value of securities fell by 82.9 per cent to N5.6 million from N32.7 million, while the number of deals doubled to 38 deals from 19 deals.
At the close of trades, Great Nigeria Insurance (GNI) Plc was the most traded stock by value on a year-to-date basis, with 3.4 billion units worth N8.4 billion, followed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units valued at N6.5 billion, and CSCS Plc with 68.1 million units transacted for N4.7 billion.
GNI Plc also closed the trading day as the most traded stock by volume on a year-to-date basis, with 3.4 billion units valued at N8.4 billion, trailed by Infracredit Plc with 2.3 billion units exchanged for N6.5 billion, and Resourcery Plc with 1.1 billion units sold for N415.7 million.
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