By Adedapo Adesanya

The total value of stocks at the NASD Over-the-Counter (OTC) Securities Exchange increased by 0.40 per cent or N9.21 billion to N1.919 trillion in the 15th trading week of 2025 from the N1.911 trillion it ended in Week 14.

The growth was mainly influenced by the inclusion of new shares of Infrastructure Credit Guarantee Company Plc (InfraCredit) to the trading platform in the week.

InfraCredit joined the alternative stock market on March 6 and last week, it brought addition 11.166 million equities, which increased its total securities at the NASD OTC exchange to 26.421 million units.

However, the NASD Unlisted Securities Index (NSI) went down by 0.20 per cent or 31.89 points to 3,277.57 points from the 3,309.46 points it ended a week earlier.

In the week, the total value of trades ballooned by 29,234.5 per cent to N4.79 billion from the N16.3 million recorded in the previous week, and the total volume of transactions increased by 1,485.1 per cent to 171.4 million units from 10.8 million units.

The bourse recorded seven price losers led by Nipco Plc, which depreciated by 20.2 per cent to close at N199.00 per share versus N220.00 per share, Central Securities Clearing System (CSCS) Plc lost 2.5 per cent to finish at N22.70 per unit versus N25.21 per unit, FrieslandCampina Wamco Nigeria Plc shed 1.3 per cent to sell for N35.55 per share against the former value of N36.80 per share, and Afriland Properties Plc went down by 0.6 per cent to N17.80 per unit from N18.42 per unit.

Further, Geo-Fluids Plc slipped by 0.5 per cent to N2.00 per share from N2.48 per share, Acorn Petroleum Plc slid by 0.2 per cent to N1.17 per unit from N1.30 per unit, and InfraCredit Plc declined by 0.09 per cent to N2.34 per share from N2.43 per share.

On the flip side, Mixta Real Estate Plc improved by 0.4 per cent to N4.55 per unit from N4.14 per unit, Lagos Building Investment Company (LBIC) Plc expanded by 0.2 per cent to N2.63 per share from N2.80 per share, First Trust Microfinance Bank Plc appreciated by 0.04 to 62 Kobo per unit from 58 Kobo per unit, and Paintcom Investment Plc gained 0.02 per cent to end at N10.74 per share compared with the preceding week’s N10.72 per share.

The most active stock in the week by value was Okitipupa Plc with N4.6 billion, Paintcom Investment Plc recorded N190.9 million, FrieslandCampina Wamco Nigeria Plc traded N28.0 million, Nipco Plc transacted N3.5 million, and 11 Plc recorded N1.7 million.

Okitipupa Plc was also the most traded stock by volume with 152.1 million units, Paintcom Investment Plc transacted 17.8 million units, FrieslandCampina Wamco Nigeria Plc recorded 0.751 million, Geo-Fluids Plc traded 0.356 million units, and Food Concepts Plc exchanged 0.180 million units.

By Dipo Olowookere

Last week, investors traded 2.094 billion shares worth N52.967 billion in 64,612 deals on the floor of the Nigerian Exchange (NGX) Limited compared with the 1.183 billion shares valued at N28.868 billion in 42,397 deals a week earlier.

Nigerian stocks witnessed higher turnover in the week due to panic selling by the market participants, triggered by happenings in the global scene, especially as regards the trade war between the United States and China.

Analysis showed that the financial services sector was the busiest in the period under review, trading 1.539 billion units valued at N36.353 billion in 36,013 deals, contributing 73.49 per cent and 68.63 per cent to the total trading volume and value, respectively.

The agriculture industry recorded the sale of 98.884 million units worth N 1.344 billion in 2,772 deals, and the services counter exchanged 93.000 million units for N522.147 million in 3,012 deals.

Access Holdings, GTCO, and Zenith Bank led the activity chart with 629.327 million units worth N25.820 billion in 12,742 deals, contributing 30.06 per cent and 48.75 per cent to the total trading volume and value, respectively.

Business Post reports that 27 equities appreciated in the week versus 23 equities in the previous week, 56 equities depreciated versus 51 equities in the previous week, and 64 equities remained unchanged versus 73 equities a week earlier.

VFD Group topped the gainers’ log after chalking up 53.86 per cent to close at N87.70, Union Dicon expanded by 31.03 per cent to N7.60, Abbey Mortgage Bank jumped by 29.60 per cent to N6.13, FTN Cocoa rose by 18.75 per cent to N1.90, and TotalEnergies grew by 9.61 per cent to N745.00.

The losers’ chart was led by Royal Exchange after it lost 20.79 per cent to settle at 80 Kobo, Cornerstone Insurance declined by 15.15 per cent to N2.80, Sovereign Trust Insurance tumbled by 15.00 per cent to 85 Kobo, Lasaco Assurance shed 12.82 per cent to finish at N2.04, and CAP dwindled by 11.70 per cent to N41.50.

Data showed that the All-Share Index (ASI) and the market capitalisation depreciated by 0.90 per cent and 0.67 per cent each to 104,563.34 points and N65.707 trillion, respectively.

Similarly, all other indices finished lower apart from the growth and sovereign bond indices, which appreciated by 0.37 per cent and 3.42 per cent, respectively, while the AseM index closed flat.

By Adedapo Adesanya

Infrastructure Credit Guarantee Company Limited (InfraCredit) has announced the equity investment of N27 billion from a United Kingdom government-backed MOBILIST programme.

According to the company, the new equity investment will significantly strengthen InfraCredit’s guarantee issuing capacity, enabling greater support for creditworthy infrastructure projects.

InfraCredit is a AAA-rated specialised infrastructure credit guarantee institution backed by Nigeria’s sovereign wealth fund.

The equity raise involves InfraCredit’s formal transition to a Public Limited Company (Plc) and its listing by introduction on the NASD Over-the-Counter (OTC) Securities Exchange.

The raise came alongside other institutional investors, further strengthening its institutional shareholder base following the completion of its equity private placement.

The organisation also said the strategic investment marks a major milestone in its journey, reinforcing its commitment to unlocking long-term, local currency infrastructure financing in Nigeria and creating sustainable value for its stakeholders.

Commenting on this milestone, Mr Chinua Azubike, Chief Executive Officer of InfraCredit, stated this development marks a new chapter for the company as it help to accelerate infrastructure delivry in the country.

“This moment marks the beginning of a new chapter for InfraCredit. We are pleased with the confidence reposed in us by our new domestic institutional investor shareholders alongside the UK Government through MOBILIST, and our transition to a listed public company with access to equity capital markets. This reflects our ambition to build a deeper, more inclusive capital market for domestic resources that accelerates infrastructure delivery in Nigeria in line with our mission to unlock long-term local currency infrastructure finance,” he said.

On his part, Mr Jonny Baxter, British Deputy High Commissioner in Lagos, commented that “InfraCredit’s success highlights the power and impact of long-term partnerships, and the UK via the Foreign Commonwealth and Development Office (FCDO) is proud to have played a key role in not just the creation of InfraCredit but its continued growth.”

Speaking on the Listing, Mr Eguarekhide Longe, CEO, NASD said, “NASD PLC. and InfraCredit PLC have established a long-standing relationship initiated by the noting of the Multi-Issuer Clean Energy Bond series from 2022. The uniqueness of the Clean Energy Multi-Issuer Bond series underscores the transformational effect that InfraCredit has brought to the Nigerian Capital Market, providing guarantees as incentive to investors, mostly institutional, to participate in the infrastructure debt market.”