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Economy

MTN Nigeria, 15 Others Reduce All-Share Index to 26,974.38 Points

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NSE All-Share Index

By Modupe Gbadeyanka

The All-Share Index (ASI) of the Nigerian Stock Exchange (NSE) eventually dropped down to the 26,000 psychological mark on Wednesday, following losses recorded by 16 equities led by MTN Nigeria.

The benchmark index depreciated by 0.22 percent or 58.72 points at the midweek session to 26,974.38 points from 27,033.10 points. Similarly, the market capitalisation decreased by N31 billion to N14.052 trillion from N14.083 trillion.

At the market on Wednesday, investors exchanged 228.4 million shares, lower than the 241.7 million equities traded on Tuesday by 5.52 percent. Also, the value of stocks traded at the session reduced by 22.98 percent to N2.7 billion from N3.6 billion, while the number of deals reduced by 14.03 percent to 3,831 from 4,456.

These transactions were dominated by the banking sector with UBA trading 81.1 million units worth N548.9 million, while Zenith Bank sold 31.0 million shares worth N590.3 million.

Access Bank traded 22.3 million shares valued at N201.1 million, Transcorp sold 12.5 million shares worth N11.2 million, while United Capital transacted 11.5 million shares valued at N37.9 million.

MTN Nigeria, which led the decliners’ log, lost N4 to close at N112 per share, while Vitafoam lost 45 kobo to close at N4.06 per share.

Red Star Express declined by 40 kobo to finish at N3.61 per share, Ecobank decreased by 25 kobo to close at N6.25 per share, while University Press dropped 12 kobo to close at N1.13 per share.

At total of 11 equities depreciated in price at the midweek trading session and were led by BUA Cement, which gained N1.25 to close at N37.15 per share.

EkoCorp and UBA both gained 30 kobo each to close at N5.50 per share and N7.15 per share respectively, while GTBank appreciated by 20 kobo to close at N27 per share, with FCMB rising by 11 kobo to N1.86 per share.

Apart from the insurance sector, which lost 1.14 percent yesterday and the oil/gas sector, which closed flat for the third straight day, every other sector closed positive. The banking index rose by 0.38 percent, the industrial goods index gained 1.95 percent, while the consumer goods index appreciated by 0.01 percent.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Economy

SEC Postpones Q2 2026 Pre-registration Training, Examination for CMOs

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capital market operators

By Aduragbemi Omiyale

The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.

Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.

This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.

The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.

In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.

“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.

“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.

“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.

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Economy

Fidson Lists Additional 600 million Shares on Stock Exchange

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fidson

By Aduragbemi Omiyale

One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.

The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.

The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.

They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.

Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.

“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.

“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”

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Economy

FG Approves Payments to 1,240 Contractors to Ease Liquidity Pressure

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FG contractors protest

By Modupe Gbadeyanka

This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.

This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.

This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.

The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.

In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.

It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.

The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.

“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.

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