Economy
Investors Transact N494.1bn Shares in Five Days
By Dipo Olowookere
The activity chart witnessed a significant spike in trading activities on the floor of the Nigerian Exchange (NGX) Limited last week, recording a turnover of 7.684 billion shares worth N494.126 billion in 116,645 deals versus the 2.735 billion shares valued at N85.197 billion traded in 127,284 deals in the preceding week.
The financial services industry led the activity chart with 6.399 billion equities sold for N71.807 billion in 54,799 deals, contributing 83.27 per cent and 14.53 per cent to the total trading volume and value, respectively.
The energy sector transacted 730.517 million stocks worth N391.364 billion in 7,059 deals, and the services space exchanged 128.647 million shares valued at N962.909 million in 5,863 deals.
The trio of Unity Bank, Aradel Holdings, and Consolidated Hallmark accounted for 5.209 billion stocks worth N404.945 billion in 2,667 deals, contributing 67.79 per cent and 81.95 per cent to the total trading volume and value, respectively.
In the week, 32 equities appreciated versus 40 equities in the previous week, as 51 equities depreciated compared with 41 equities a week earlier, and 64 equities closed flat, in contrast to 66 equities in the preceding week.
Thomas Wyatt topped the gainers’ chart after it gained 22.68 per cent to finish at N3.30, Secure Electronic Technology chalked up 21.33 per cent to settle at 91 Kobo, Mecure expanded by 20.83 per cent to N26.10, Chellarams improved by 11.30 per cent to N16.25, and Royal Exchange rose by 10.29 per cent to N2.25.
On the flip side, Wema Bank led the losers’ log after it shed 12.41 per cent to N18.00, Fidelity Bank depreciated by 11.08 per cent to N18.45, Eterna slipped by 10.00 per cent to N27.90, Ikeja Hotel plunged by 9.80 per cent to N20.70, and Africa Prudential went down by 9.09 per cent to N14.50.
At the close of business for the week, the All-Share Index (ASI) appreciated by 0.20 per cent to 142,133.03 points and the and the market capitalisation grew by 0.24 per cent to N89.960 trillion.
In the same vein, all other indices finished higher except the NGX CG, pension, insurance, MERI Growth, energy Lotus II, pension broad and commodity indices, which depreciated by 0.08 per cent, 0.15 per cent, 0.91 per cent, 0.35 per cent, 1.62 per cent, 0.52 per cent, 0.07 per cent and 0.91 per cent, respectively while the AseM and sovereign bond indices closed flat.
By Aduragbemi Omiyale
Shares of First Holdco Plc worth N45.0 billion issued through a private placement have been listed on the Nigerian Exchange (NGX) Limited.
A circular issued by the Head of Issuer Regulation Department of the NGX Regulation Limited, Mr Godstime Iwenekhai, disclosed that the equities were admitted for trading at the stock market on Monday.
According to the notice, the additional shares brought for listing to rank pari passu with existing shares of the organisation were 1,021,334,544 units.
These stocks were sold to one of the company’s major shareholders at a unit price of N44.06, amounting to N45.0 billion.
The total issued and fully paid-up shares of First Holdco, as a result of this listing, are now 45,475,027,677 ordinary shares of 50 Kobo each.
“Trading licence holders are hereby notified that an additional 1,021,334,544 ordinary shares of 50 Kobo each of First Holdco Plc were on Monday, June 22, 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 1,021,334,544 ordinary shares of 50 Kobo each at N44.06 per share.
“With the listing of the additional shares, the total issued and fully paid-up shares of First Holdco Plc have now increased to 45,475,027,677 ordinary shares of 50 Kobo each from 44,453,693,133 ordinary shares of 50 Kobo each,” the disclosure stated.
By Adedapo Adesanya
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has approved fresh import licences for petrol and diesel for the third quarter of 2026 (July – September) to prevent potential supply shortages in the domestic market.
According to a report by global energy intelligence firm, Argus Media, the latest approvals were issued to major downstream operators amid declining fuel stock levels and concerns over reduced petrol production at the 700,000 barrels per day Dangote Petroleum Refinery in Lagos.
The move comes as Nigeria continues to balance increasing local refining capacity with the need to guarantee adequate supplies of petroleum products across the country.
According to the Argus report, domestic firms, including AA Rano, AYM Shafa, Bono Energy, Nipco, Matrix Energy and Pinnacle Oil, received permits to import Premium Motor Spirit, popularly known as petrol, during the July-September period.
The publication further reported that the same companies, with the exception of Nipco, were granted approvals to import Automotive Gas Oil, commonly known as diesel. The fresh approvals follow an earlier batch of petrol import permits issued by the regulator in May, covering about 720,000 metric tonnes.
Quoting a regulatory source, Argus noted that many of the companies granted the latest approvals were among those that had received permits in previous rounds. “These are some of the same ones that previously received the PMS permits,” the source was quoted as saying.
It was also claimed that AA Rano and Matrix Energy each received approvals to import 180,000 metric tonnes of petrol. AYM Shafa received approval for 120,000 metric tonnes, while Pinnacle Oil received a permit covering 150,000 metric tonnes.
For diesel imports, Argus reported that AYM Shafa obtained a permit for 60,000 metric tonnes, while Pinnacle secured approval for 45,000 metric tonnes. The report stated that the import approvals were issued only recently, after being delayed from an initial target date of June 15.
By Adedapo Adesanya
Three securities weakened the NASD Over-the-Counter (OTC) Securities Exchange by 1.01 per cent on Tuesday, June 23, dragging the market capitalisation down by N25.91 billion to N2.544 trillion from Monday’s N2.570 trillion. Also, the NASD Security Index (NSI) decreased by 43.17 points to 4,239.34 points from 4,282.51 points.
The triplet price losers were Central Securities Clearing System (CSCS) Plc, which gave up N4.82 to trade at N75.00 per unit versus Monday’s closing price of N79.82 per unit. NASD Plc depreciated by N3.70 to close at N33.30 per share compared with the preceding day’s N37.00 per share, and Nitrox Industrial Gases Plc marginally lost 1 Kobo to sell at N21.41 per unit, in contrast to the previous session’s N21.42 per unit.
Tuesday’s trading data showed that the volume of securities traded by investors retreated by 35.9 per cent to 211,671 units from 330,034 units, and the value of securities fell by 82.9 per cent to N5.6 million from N32.7 million, while the number of deals doubled to 38 deals from 19 deals.
At the close of trades, Great Nigeria Insurance (GNI) Plc was the most traded stock by value on a year-to-date basis, with 3.4 billion units worth N8.4 billion, followed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units valued at N6.5 billion, and CSCS Plc with 68.1 million units transacted for N4.7 billion.
GNI Plc also closed the trading day as the most traded stock by volume on a year-to-date basis, with 3.4 billion units valued at N8.4 billion, trailed by Infracredit Plc with 2.3 billion units exchanged for N6.5 billion, and Resourcery Plc with 1.1 billion units sold for N415.7 million.
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