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Economy

Bears Further Inflict 0.17% Pain on Nigerian Stocks

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Equities Market bearish bullish

By Dipo Olowookere

The Nigerian Stock Exchange (NSE) further depreciated on Tuesday by 0.17 percent, extending the year-to-date loss to 14.27 percent. It further caused investors at the market to lose N22 billion of their investments.

The decline followed the outpowering of the bulls by the bears during the trading session, leaving the market breadth negative as a result of the 19 price losers and 13 price gainers.

Losses were posted by industrial goods index (-0.25 percent) and insurance index (-0.37 percent), while gains were printed by banking index (0.38) and the consumer goods index (0.05), with the energy index closing flat.

Guinness Nigeria topped the losers’ chart, going down by N2 to close at N29 per unit, while Stanbic IBTC went down by N1.35 to settle at N36.80 per share.

MTN Nigeria depleted by N1 to end at N119 per share, CAP fell by 30 kobo to finish at N24 per unit, while Lafarge Africa depreciated by 15 kobo to trade at N13.85 per share.

At the other end, Okomu Oil finished as the day’s highest price riser, going up by N4.90 to end at N54.55 per unit, while Flour Mills trailed with 75 kobo to end at N19 per share.

Unilever Nigeria also rose by 75 kobo to settle at N18.45 per unit, eTranzact appreciated by 23 kobo to settle at N2.61 per share, while Zenith Bank improved by 20 kobo to finish at N18.80 per unit.

Like in the previous session, the activity level was mixed as the value of trades rose by 18.33 percent to N2.9 billion from N2.4 billion, while the number of deals increased by 7.15 percent to 3,314 deals from 3,093 deals, with the volume of transactions depreciating by 23.33 percent to 189.0 million units from 246.5 million units.

At the close of business, the All-Share Index (ASI) decreased by 46.27 points to 26,944.32 points from 26,990.59 points, while the market capitalisation reduced by N22.3 billion to N13.005 trillion from N13.027 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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