Economy
Market Participants Stake N98.350bn on 3.051 billion Shares in Five Days
By Dipo Olowookere
It was another busy period at the Nigerian Exchange (NGX) Limited last week as investors intensified their hunger for local equities.
In the five-day trading week, market participants bought and sold 3.051 billion shares worth N98.350 billion in 72,535 deals versus the 3.245 billion shares valued at N69.198 billion traded in 77,270 deals in the preceding week.
The trio of Access Holdings, FBN Holdings, and Zenith Bank dominated the activity chart with 1.176 billion stocks worth N38.469 billion in 9,506 deals, contributing 38.56 per cent and 39.11 per cent to the total trading volume and value, respectively.
Business Post reports that the financial services space traded 2.260 billion equities valued at N52.190 billion in 33,724 deals, contributing 74.08 per cent and 53.07 per cent to the total trading volume and value, respectively.
The consumer goods counter ended the week with the sale of 141.684 million shares worth N4.018 billion in 7,218 deals, and the industrial goods sector posted a turnover of 104.862 million stocks valued at N3.300 billion in 3,995 deals.
In the week, 58 equities appreciated compared with 52 equities of the previous week, 34 stocks depreciated versus 44 stocks of the preceding week, and 58 shares remained unchanged, in contrast to the 54 shares recorded a week earlier.
UPDC gained 38.50 per cent to quote at N2.59, Eterna expanded by 32.79 per cent to N36.65, International Energy Insurance soared by 29.53 per cent to N2.50, Cadbury Nigeria jumped by 27.61 per cent to N29.35, and Fidson surged by 24.40 per cent to N20.90.
Conversely, Sunu Assurances lost 12.87 per cent to settle at N5.01, University Press shed 10.00 per cent to sell for N5.04, Multiverse weakened by 9.95 per cent to N9.05, SCOA Nigeria slumped by 9.83 per cent to N3.67, and Tripple G declined by 9.72 per cent to N2.23.
At the close of transactions last Friday, the All-Share Index (ASI) and the market capitalisation went up by 1.38 per cent and 1.37 per cent to 105,933.03 points and N65.592 trillion, respectively.
Equally, all other indices finished higher except the consumer goods and growth sectors, which depreciated by 0.60 per cent and 4.74 per cent, respectively, while the ASeM and sovereign bond counters closed flat.
By Modupe Gbadeyanka
Three hundred business owners in the small and medium enterprise (SME) sector of the economy have been admitted into the inaugural Growth Factory Accelerator Programme of MSME Africa.
For eight weeks, the beneficiaries will under an intensive training aimed at empowering them with hands-on training, mentorship, and real-world business tools.
The scheme will combine live virtual workshops, self-paced online courses, and exclusive Ask-Me-Anything (AMA) sessions, giving participants a comprehensive, interactive learning experience.
Throughout the accelerator, participants will engage in immersive learning sessions, working on practical business strategies, and collaborating with a diverse community of like-minded entrepreneurs.
The programme’s robust curriculum is designed to equip entrepreneurs with essential business management skills, helping them to better position their businesses for growth.
The participants will have live virtual sessions and pre-recorded content available on Zoom and MSME Africa’s website, enjoy interactive workshops focusing on the real-world application of business skills, and have direct access to experienced mentors and industry experts to answer questions and provide guidance.
In addition, the entrepreneurs will network with fellow entrepreneurs for potential partnerships and growth, and then be assessed to ensure they meet the scheme’s criteria and receive certification upon completion.
By the end of the program, they will be equipped with the tools and knowledge needed to launch their businesses and access vital funding opportunities.
MSME Africa explained that it came up with this initiative to help early to mid-stage entrepreneurs develop the critical skills, knowledge, and network needed to scale their businesses.
The Growth Factory Accelerator Programme is a critical initiative for MSME Africa’s mission to support and grow SMEs across Africa.
With many small businesses facing challenges related to capacity building, access to funding, and growth strategies, this programme will equip participants with the skills they need to overcome these obstacles and succeed in today’s competitive market.
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange, for the second consecutive week, ended in the negative region, shedding 8.67 per cent in Week 12 of 2025.
In the week under review, the market capitalisation lost N2.95 billion to close at N1.939 trillion compared with the preceding week’s N1.942 trillion, and the NASD Unlisted Security Index (NSI) dropped 75.07 points to settle at 3,358.61 points versus the previous week’s 3,363.74 points.
Last week, the volume of trades went up by 359.2 per cent to 32.29 million units from the 7.03 million units recorded in the previous week, but the value of transactions went down by 36.2 per cent to N67.6 million from N105.9 million.
The most active stock by value in Week 12 was Geo-Fluids Plc with N31.6 million, Okitipula Plc recorded N17.6 million, FrieslandCampina Wamco Nigeria Plc posted N9.4 million, Afriland Properties Plc achieved N3.9 million, and CSCS Plc reported N3.5 million.
Geo-Fluids Plc was also the most traded equity by volume with 31.3 million units, FrieslandCampina Wamco Nigeria Plc transacted 0.251 million units, Afriland Properties Plc recorded 0.914 million, CSCS Plc traded 0.152 million units, and Food Concepts Plc recorded 0.130 million units.
Afriland Properties Plc suffered the heaviest loss with a decline of 10.8 per cent to trade at N19.50 per share compared with N23.2o per share, Industrial and General Insurance (IGI) Plc slipped by 5.1 per cent to 37 Kobo per unit from 39 Kobo per unit, Geo-Fluids Plc lost 4.9 per cent to end at N2.70 per share versus N2.84 per share, FrieslandCampina Wamco Nigeria Plc depreciated by 4.9 per cent to N37.17 unit from N38.23 per unit, and Food Concepts dropped 2.8 per cent to finish at N1.49 per share versus N1.67 per share.
On the flip side, Central Securities Clearing System (CSCS) Plc gained 5.3 per cent to trade at N22.84 per unit against the previous week’s N21.69 per unit, UBN Property Plc rose by 2.6 per cent to N2.00 per share from N1.95 per share, and Okitipupa Plc increased by 2.5 per cent to N307.66 per unit from N300.00 per unit.
By Adedapo Adesanya
The Securities and Exchange Commission (SEC) has once again vowed that market operators engaging in unscrupulous activities would not be allowed to go unpunished.
The Director-General of SEC, Mr Emomotimi Agama, in a new notice to operators said there is no hiding place for violators in the country’s capital market.
This latest call joins recent calls by the regulator that it would mop up all illegalities in the Nigerian capital market in order to protect the country’s image and investors.
He described investors’ protection as a fundamental principle for the commission, noting that the Investments and Securities Act (ISA) 2007 clearly outlined the objectives of securities regulation in the country.
According to him, “it is important that as a form of self-regulation, they (operators) know beforehand that if you do what is not right, the SEC will bring you out to the wall to say that you do not have character.
“This is because the very ethics of regulating or of registering a securities market operator is in the principle of the fit and proper person’s test.
“A fit and proper person’s test means that you satisfy all of the requirements that have been laid down in the ISA 2007 and in other regulations that the SEC has brought out to make sure that this happens.
“So, clearly for us, it is getting people to understand that there is no hiding place anymore for anybody that has an intention to defraud Nigerians and to defraud anybody that is investing in this market.
“And so what you have been seeing most recently by the revocation of licences, by the suspension of operators, and our follow up to operators that are not registered with the SEC is only a tip of the iceberg as to what we intend to do this year.
“We believe strongly that a protected investor is a powerful investor and we will do everything within the powers of the SEC and the Nigerian law to make sure that we deter unscrupulous persons who are involved in trying to defraud Nigerian investors.”
The director-general said SEC was committed to ensuring that all market participants understood the Commission’s responsibilities.
He said compliance and information disclosure were important to capital market operation describing them as the fundamental objectives of securities regulation.
Mr Agama urged both existing and prospective market participants to work closely with the Commission to foster the development of the market.
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