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Airtel Shoots NSE Market Capitalisation to N14.288trn

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NSE market capitalisation stock value

By Dipo Olowookere

The market capitalisation of the Nigerian Stock Exchange (NSE) was jerked up by N1.38 trillion or 10.68 percent on Tuesday to N14.288 trillion as a result of the listing of 3.758 billion ordinary shares of the company.

The exercise saw the stock market extending its gains on Monday by 0.10 percent to reduce the year-to-date loss to 6.72 percent.

At the close of transactions, the All-Share Index (ASI) appreciated by 30.98 points to settle at 29,318.85 points.

Despite closing in the green territory yesterday, the number of price gainers were lower than the price losers. A total of eight counters finish positive as against 20 stocks that ended in red, indicating that the market was still fragile.

Nigerian Breweries was the day’s highest price gainer, appreciating by 50 kobo to close at N60.50k per unit, with Cadbury Nigeria following with 50 kobo also added to its share price to end at N11.95k per share.

Dangote Flour gained 30 kobo to finish at N17.40k, CCNN increased by 10 kobo to settle at N15.35k, while Stanbic IBTC appreciated by 5 kobo to close at N40.30k.

Conversely, Dangote Cement was the day’s worst performing stock, losing N2.30k of its share value to finish at N174.70k.

Conoil went down by N1.65k to finish at N22.15k, Forte Oil lost N1.30k to close at N23, Dangote Sugar declined by 95 kobo to end at N10.55k, while Ecobank lost 90 kobo to close at N9.50k.

A look at the performance of the market at the sector level showed that the banking index suffered the highest loss on Tuesday with a decline of 2.20 percent.

The oil and gas followed with 0.67 percent drop, industrial index went down by 0.48 percent, insurance index depreciated by 0.45 percent while consumer goods index fell by 0.40 percent.

Business Post reports that the volume of transactions yesterday improved by 36.22 percent to 294.6 million from 216.3 million, while the value increased by 41.77 percent to N3.2 billion from N2.3 billion.

Dominating the activity chart on Tuesday was Cornerstone Insurance, which traded a total of 80.1 million shares worth N16 million.

Zenith Bank followed with a turnover of 48.5 million equities worth N922.8 million, while GTBank sold 29.8 million shares for N840.9 million.

Transcorp transacted 17.6 million shares worth N18.1 million, while FBN Holdings traded 16.9 million equities for N104.6 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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