Economy
FrieslandCampina Loses N12.1 Loss in One Week
By Adedapo Adesanya
FrieslandCampina WAMCO Nigeria was the worst-performing stock at the NASD Over-the-Counter (OTC) Securities Exchange in week 42 as its share price depreciated by N12.1 or 8.8 per cent to N125.04 per share versus N137.14 per share.
Business Post gathered that this resulted from the selloff of the milk producer’s stocks as investors were taking profit after days of doing well at the unlisted securities market.
But last week, the poor performance of the company on the exchange was solely responsible for the sour week, depleting the unlisted securities index by 0.86 per cent or 6.21 points to 716.92 points from 723.13 points of the preceding week.
In the same pattern, the market capitalisation depreciated by 0.86 per cent or N4.56 billion to close at N526.63 billion compared to N531.19 billion a week earlier.
However, there was an 89.2 per cent increase in the total value of equities traded during the week as shares worth N176.3 million were transacted in contrast to N93.1 million recorded the prior week.
In a similar pattern, the trading volume increased by 3,145.9 per cent to 29.7 million units from the 914,200 units achieved in the previous week.
There was, however, a 31.6 per cent drop in the number of deals executed at the session with 26 trades carried out in the week as against the 38 deals recorded in the preceding week.
In the week, there was only a single price riser and this was Central Securities Clearing System (CSCS) Plc, which boosted its value by 10.74 per cent to N14.95 per share from N13.5 per share.
As at week 42, in terms of Year-to-date trading, investors have traded 7.9 billion units worth N11.7 billion in 1,277 deals.
The week closed with NASD Plc ranked top among the four traded securities by volume with 29.0 million units. Others include FrieslandCampina WAMCO Nigeria Plc (310,313 units), CSCS Plc (295,624 units ), and Niger Delta Exploration and Production (NDEP) Plc (20,500 units).
By value, NASD Plc ranked top among the most traded securities at N101.7 million. FrieslandCampina WAMCO Nigeria Plc recorded N39.7 million, CSCS Plc recorded N28.5 million while NDEP Plc recorded N6.4 million.
By Aduragbemi Omiyale
The additional shares sold by Morison Industries Plc through private placement have been listed on the Nigerian Exchange (NGX) Limited.
The additional equities were brought to Customs Street last week, according to a circular issued by the Head of Issuer Regulation Department of the NGX, Mr Godstime Iwenekhai.
The company listed a total of 266,838,125 ordinary shares of 50 Kobo each at N1.50 per unit, amounting to N400.3 million, Business Post reports.
The listing of these new stocks of Morison Industries has increased the fully paid-up shares of the organisation to 1,256,000,000 ordinary shares of 50 Kobo each from 989,161,875 ordinary shares of 50 Kobo each.
“Trading licence holders are hereby notified that additional 266,838,125 ordinary shares of 50 Kobo each of Morison Industries Plc were (on) Tuesday, January 13, 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 266,838,125 ordinary shares of 50 Kobo each at N1.50 per share.
“With the listing of the additional shares, the total issued and fully paid-up shares of Morison Industries Plc have now increased from 989,161,875 to 1,256,000,000 ordinary shares of 50 Kobo each,” the disclosure disclosed.
By Adedapo Adesanya
The Chartered Institute of Bankers of Nigeria (CIBN) has projected a single-digit inflation rate for Nigeria at 9.84 per cent in its wider optimistic forecast for this year.
In its 12th National Economic Outlook and Its Implication for Businesses in 2026, the bankers group saw a better metric compared to those of the Central Bank of Nigeria (CBN) and the International Monetary Fund (IMF).
The CBN and the IMF respectively see Nigeria’s economy growing at 4.49 per cent and 4.2 per cent, and the inflation rate dropping to 14.45 per cent and 18 per cent while the foreign reserves rise to N45.78 billion and $43 billion respectively this year.
However, in the outlook presentation by Professor Biodun Adedipe, the CIBN projects a 4.51 per cent GDP growth rate and a 9.84 per cent inflation rate. It forecast the exchange rate stabilizing at N1,420/$1 and the foreign reserves hitting $50.8 billion.
Business Post reports that Professor Adedipe, corporate finance scholar and founder of B. Adedipe Associates Ltd, has been presenting the national economic outlook since 12 years ago, with the firm claiming to initiate the trend in Nigeria, before even the CBN and others caught on with it.
Last week, after a revised approach Nigeria’s headline inflation eased to 15.5 per cent year-on-year in December 2025, down from 17.33 per cent in the preceding month. On a month-on-month basis, headline inflation slowed to 0.54 per cent in December, compared to 1.22 per cent in November.
Ahead of the data release, the National Bureau of Statistics (NBS) had cautioned that the rebasing exercise could result in a temporary “artificial spike” in the December inflation figures.
Mr Adeyemi Adeniran, the statistician-general of the federation, said the adjustment in the reference period, known as the base year, would affect the headline number.
“This artificial spike is a result of the base effect of December 2024, which is equated to 100, following the rebasing exercise,” Mr Adeniran said.
By Dipo Olowookere
Eighty equities appreciated on the floor of the Nigerian Exchange (NGX) Limited last week compared with the 84 equities recorded in the previous week, as 17 equities depreciated versus 22 equities in the preceding week, while 50 equities remained unchanged versus 42 equities of the earlier week.
NCR Nigeria gained 60.79 per cent to finish at N128.55, SCOA Nigeria grew by 59.36 per cent to N14.90, Deap Capital expanded by 48.67 per cent to N4.46, Jaiz Bank soared by 45.73 per cent to N8.19, and Omatek surged by 38.28 per cent to N1.77.
At the other end, Ikeja Hotel lost 12.38 per cent to settle at N35.05, Austin Laz declined by 9.20 per cent to N3.75, Eterna crashed by 7.71 per cent to N32.30, Universal Insurance went down by 7.69 per cent to N1.20, and Eunisell retreated by 7.57 per cent to N156.95.
The bourse remained bullish in the week, with the All-Share Index (ASI) up by 2.36 per cent to 166,129.50, and the market capitalisation up by 2.48 per cent to N106.354 trillion.
Similarly, all other indices finished higher apart from the AFR Div Yield index, which depreciated by 0.15 per cent.
In the five-day trading week, investors traded 4.607 billion shares worth N130.636 billion in 263,439 deals, in contrast to the 4.164 billion shares valued at N94.026 billion transacted in 248,254 deals a week earlier.
Further analysis showed that financial stocks led the activity chart with 3.126 billion units worth N47.225 billion traded in 94,186 deals, contributing 67.84 per cent and 36.15 per cent to the total trading volume and value, respectively.
Services equities followed with 353.436 million units sold for N5.096 billion in 17,764 deals, while ICT shares exchanged 277.263 million equities valued at N18.009 billion in 28,525 deals.
Sovereign Trust Insurance, Access Holdings, and Linkage Assurance were the busiest stocks last week, trading 1.406 billion units valued at N9.735 billion in 11,732 deals, contributing 30.52 per cent and 7.45 per cent to the total trading volume and value apiece.
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