Economy
Investment in Nigerian Stocks Slows to N49.486bn in One Week
By Dipo Olowookere
Investors applied caution in their exposure to Nigerian stocks last week after evaluating data from the National Bureau of Statistics (NBS) and the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN).
Last Tuesday, the NBS, after rebasing their Consumer Price Index (CPI), said inflation for January 2025 was 24.48 per cent compared with the 34.80 per cent recorded in December 2024. Two days last, the central bank retained the Monetary Policy Rate (MPR), also known as the interest rate, at 27.50 per cent.
Traders at the Nigerian Exchange (NGX) Limited examined the data and decided to cut down their investment in equities, leading to sale of 2.001 billion shares worth N49.486 billion in 70,853 deals compared with the 2.414 billion shares valued at N55.512 billion traded in 80,988 deals in the preceding week.
Business Post reports that financial stocks led the activity chart with 1.199 billion units sold for N26.325 billion in 30,527 deals, contributing 59.91 per cent and 53.20 per cent to the total trading volume and value, respectively.
Agriculture shares recorded a turnover of 234.002 million units valued at N1.683 billion in 3,191 deals, and consumer goods equities traded 173.829 million units worth N7.150 billion in 8,903 deals.
Access Holdings, Ellah Lakes, and Fidelity Bank accounted for 618.543 million units worth N11.207 billion in 7,159 deals, contributing 30.92 per cent and 22.65 per cent to the total trading volume and value, respectively.
Abbey Mortgage Bank was the best-performing stock in the week with 16.13 per cent rise to trade at N3.60, Smart Products Nigeria gained 15.38 per cent to quote at 30 Kobo, Dangote Sugar increased by 15.00 per cent to N41.40, BUA Foods grew by 11.91 per cent to N418.00, and Sovereign Trust Insurance soared by 11.86 per cent to N1.32.
On the flip side, Union Dicon lost 25.00 per cent to settle at N6.00, Ikeja Hotel shed 21.43 per cent to N11.00, UDPC declined by 17.99 per cent to N3.10, Academy Press fell by 16.52 per cent to N2.78, and Oando slipped by 15.71 per cent to N59.00.
When the market closed for the week, 28 equities appreciated versus 65 equities of the previous week, 58 stocks depreciated compared with 31 stocks of the preceding week, and 64 shares closed flat, in contrast to the 54 shares recorded a week earlier.
The All-Share Index (ASI) and the market capitalisation appreciated last week by 0.41 per cent and 0.29 per cent each to 108,497.40 points and N67.614 trillion, respectively.
In the same vein, all other indices finished higher apart from the NGX CG, NGX Premium,
banking, pension, AFR Bank Value, AFR Div Yield, MERI Growth, MERI Value, energy, growth and commodity indices, which depreciated by 2.09 per cent, 1.15 per cent, 3.22 per cent, 1.22 per cent, 3.25 per cent, 1.79 per cent, 2.39 per cent, 2.78 per cent, 2.87 per cent, 0.25 per cent and 0.50 per cent, respectively.
By Aduragbemi Omiyale
One of the paint makers in Nigeria, Premier Paints Plc, is currently in talks with a new investor, Xenergi Limited, for the purchase of 51 per cent stake in the company.
Xenergi Limited intends to acquire shares of Clover Global Resources Limited and TGHL Capital Limited in the organisation.
Business Post gathered that the new investor will buy 39.02 per cent from Clover Global Resources Limited and 15.20 per cent from TGHL Capital Limited.
The deal, according to a regulatory notice issued on Tuesday on the Nigerian Exchange (NGX) Limited, will involve about 63 million shares of Premier Paints.
At the current share price of the paint producer, this should be about N630 million as it closed at N10.00 per unit on NGX on December 16, 2025.
“Subject to obtaining required regulatory approvals, the transaction is expected to close before January 31, 2026.
“The company will continue to inform the public of the progress of the transaction,” the disclosure signed by the company secretary, Alozie Nwokoro, said.
By Adedapo Adesanya
The Naira was flat against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Tuesday, December 16, retaining the previous closing value of N1,451.82/$1.
In the same vein, the local currency saw no movement against the Pound Sterling and the Euro in the spot market during the session at N1,943.98/£1 and N1,705.74/€1, respectively.
Also, the Nigerian Naira remained unchanged in the black market yesterday at N1,475/$1 and was N1,460/$1 at the GTBank forex counter.
The Central Bank of Nigeria (CBN) has strengthened US Dollar supply with $250 million to authorised dealer banks at the official window cumulatively as foreign portfolio investors, exporters and non-bank corporate supply dripped.
The spread between official and other non-regulated markets decreased to N30.59$/1 from N44.57/$1, from the previous week, research subsidiary of Coronation Merchant Bank Limited said in a report.
FX analysts said foreign exchange inflows through the Nigerian Foreign Exchange Market decreased to $716.3 million from $844.70 million in the previous week , a 15 per cent drop in a week.
Foreign portfolio investors accounted for the highest share of inflows at 32.98 per cent, followed by exporters at 30.84 per cent, the CBN (17.36 per cent), Non-bank Corporates (16.94 per cent), others (0.72 per cent) and Individuals (0.63 per cent).
On Monday, Nigeria’s headline inflation rate eased to 14.45 per cent in November 2025, down from 16.05 per cent recorded in October, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS), representing a decrease of 1.6 percentage points month-on-month and marks a significant moderation compared to the same period last year.
As for the cryptocurrency market, there was some recoveries after overall capitalization falling below $3 trillion for the third time in a month. Large-cap assets, particularly those with Exchange Traded Fund (ETF) exposure, are experiencing selling pressure as institutional investors reassess risk.
Ripple (XRP) appreciated by 1.5 per cent to $1.92, Litecoin (LTC) expanded by 1.5 per cent to $78.91, Dogecoin (DOGE) rose by 0.8 per cent to $0.1308, Solana (SOL) went up by 0.4 per cent to $127.60, Binance Coin (BNB) grew by 0.3 per cent to $865.40, and Bitcoin (BTC) gained 0.2 per cent to sell at $86,735.17.
On the flip side, Cardano (ADA) depreciated by 1.0 per cent to $0.3802 and Ethereum (ETH) slumped by 0.4 per cent to $2,935.85, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) were flat at $1.00 each.
By Dipo Olowookere
A marginal 0.01 per cent rise was recorded by the Nigerian Exchange (NGX) Limited on Tuesday. This was different from the flattish mode of the market the previous day.
Investor sentiment remained bullish as Customs Street finished with 31 price gainers and 26 price losers, implying a positive market breadth index.
Aluminium Extrusion topped the gainers’ log after it improved its price by 10.00 per cent to N9.35, Guinness Nigeria appreciated by 9.98 per cent to N263.40, Multiverse expanded by 9.95 per cent to N12.15, MeCure Industries also soared by 9.95 per cent to N45.85, and Sovereign Trust Insurance advanced by 9.89 per cent to N4.11.
Conversely, Haldane McCall led the losers’ chart after it shed 9.93 per cent to settle at N3.72, Veritas Kapital lost 9.09 per cent to close at N1.60, LivingTrust Mortgage Bank also declined by 9.09 per cent to N3.50, and Linkage Assurance depreciated by 5.71 per cent to N1.65.
During the trading day, the All-Share Index (ASI) went up by 21.23 points to 149,459.11 points from the previous day’s 149,437.88 points and the market capitalisation increased by N14 billion to N95.281 trillion from N95.267 trillion.
Yesterday, traders transacted 1.0 billion equities for N21.8 billion in 23,701 deals compared with the 553.1 million equities valued at N13.3 billion traded in 28,907 deals on Monday, representing a decline in the number of deals by 18.01 per cent, and a surge in the trading volume and value by 80.80 per cent and 63.91 per cent apiece.
Access Holdings traded 385.8 million stocks worth N7.7 billion, Champion Breweries transacted 111.8 million shares valued at N817.8 million, Sterling Holdings exchanged 85.5 million equities for N589.9 million, FCMB sold 74.7 million shares valued at N791.5 million, and First Holdco transacted 51.9 million equities worth N1.8 billion.
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