Economy
NGX All-Share Index Closes at 42,038.60 points After 0.18% Rise
By Dipo Olowookere
The nation’s main stock exchange closed 0.18 per cent higher on Friday amid sustained bargain hunting by investors, especially in the energy and financial sectors.
Data from the Nigerian Exchange (NGX) Limited showed that the oil/gas space grew by 2.10 per cent yesterday and was trailed by the insurance counter, which appreciated by 1.47 per cent.
In addition, the banking sector improved by 1.23 per cent, the industrial goods index appreciated by 0.34 per cent, while the consumer goods sector depreciated by 0.42 per cent.
At the close of business, the All-Share Index (ASI) increased by 77.46 points to 42,038.60 points from 41,961.14 points, while the market capitalisation went up by N41 billion to N21.939 trillion from N21.898 trillion.
Business Post reports that investor sentiment was positive yesterday as the market breadth finished with 32 appreciating equities as against 19 depreciating stocks.
On top of the gainers’ chart was Guinness Nigeria, which rose by 10.00 per cent to finish at N36.30, followed by Custodian Investment, which gained 9.74 per cent to trade at N8.45.
AIICO Insurance appreciated by 9.73 per cent to sell for N1.24, University Press rose by 9.60 per cent to N2.17, while Wema Bank gained 9.46 per cent to quote at 81 kobo.
Conversely, Regency Assurance closed as the heaviest price loser with a price depreciation of 9.76 per cent to trade at 37 kobo, followed by CWG, which lost 9.60 per cent to quote at N1.13.
Sovereign Trust Insurance went down by 8.33 per cent to 22 kobo, Royal Exchange declined by 5.66 per cent to 50 kobo, while Dangote Sugar fell by 5.56 per cent to N17.00.
Yesterday, there was a significant increase in the level of activity buoyed by off-market transactions in Eterna and FBN Holdings, though the larger part of it was from the former.
A total of 801.3 million stocks of Eterna worth N10.8 billion exchanged hands during the session (with about 794 million units as the cross deal), while 57.0 million shares of FBN Holdings valued at N645.1 million were traded (with about 10 million as the off-market deal).
Furthermore, Transcorp recorded the sale of 27.9 million units worth N29.8 million, Wema Bank transacted 23.5 million equities valued at N18.5 million, while AIICO Insurance exchanged 21.8 million shares worth N27.0 million.
When trading activities were brought to an end on Friday, the volume of shares transacted by investors rose by 102.14 per cent to 1.1 billion units from the preceding day’s 558.9 million units.
Also, the value of the trades appreciated by 212.85 per cent to N13.8 billion from N4.4 billion, while the number of deals increased by 14.07 per cent to 5,342 deals from 4,683 deals.
By Aduragbemi Omiyale
The sum of N1.681 trillion has been disbursed to the federal government, the 36 states and the 774 local government areas of the federation from the N2.849 trillion generated in April 2025 by the nation, higher than the N1.719 trillion earned in March 2025.
The money was given to the three tiers of government by the Federation Account Allocation Committee (FAAC) after its meeting for this month.
A statement issued after the meeting held in Abuja disclosed that last month, Petroleum Profit Tax (PPT), Oil and Gas Royalty, Electronic Money Transfer Levy (EMTL), Value Added Tax (VAT), Excise Duty, Import Duty and CET Levies increased significantly, while Companies Income Tax (CIT) decreased considerably.
It was revealed that the N1.681 trillion shared in May 2025 comprised distributable statutory revenue of N962.882 billion, distributable VAT revenue of N598.077 billion, EMTL revenue of N38.862 billion and exchange difference of N81.407 billion.
From the N1.681 trillion, the federal government got N565.307 billion, the states received N556.741 billion, the local councils were given N406.627 billion, and the oil-producing states took N152.553 billion as 13 per cent of mineral revenue.
From the N962.882 billion distributable statutory revenue, the national government was given N431.307 billion, N218.765 billion was disbursed to the states, N168.659 billion went to the local councils, and N144. 151 billion was distributed among the oil-generating states as 13 per cent of mineral revenue.
In addition, from the N598.077 billion distributable VAT revenue, FAAC gave the central government N89.712 billion, N299.039 billion to the state government, and N209.327 billion to the local governments.
Further, from the N38.862 billion generated from EMTL, the federal government got N5.829 billion, the state governments received N19.431 billion, and the local councils went away with N13.602 billion.
Also, from the N81.407 billion exchange difference, the federal government took N38.459 billion, the state governments went with N19.507 billion, the local governments received N15.039 billion, and the oil-producing states shared N8.402 billion as 13 per cent of mineral revenue.
By Dipo Olowookere
The last trading session of this week ended a positive note with a 0.22 per cent leap on Friday, influenced by continued demand for local equities.
During the session, the All-Share Index (ASI) gained 242.73 points to close at 109,710.37 points compared with the 109,467.64 points it ended in the preceding trading day, and the market capitalisation expanded by N152 billion to finish at N68.953 trillion versus Thursday’s closing value of N68.801 trillion.
Business Post reports that the consumer goods lost its momentum yesterday, going down by 0.26 per cent at the close of transactions.
However, the commodity index gained 2.08 per cent, the insurance counter appreciated by 1.10 per cent, the energy sector improved by 0.52 per cent, the industrial goods industry jumped by 0.27 per cent, and the banking sector grew by 0.10 per cent.
A total of 36 stocks ended on the gainers’ table and 21 stocks finished on the losers’ chart, implying a positive market breadth index and strong investor sentiment.
Four shares chalked up the maximum 10.00 per cent price appreciation on Friday and they were Northern Nigeria Flour Mills, Trans-Nationwide Express, Champion Breweries, and Honeywell Flour, quoting at N119.90, N2.20, N6.82, and N18.15, respectively, as Beta Glass gained 9.99 per cent to finish at N235.05.
On the flip side, International Energy Insurance depreciated by 9.57 per cent to N1.70, Multiverse slumped by 9.55 per cent to N8.05, The Initiates tumbled by 7.86 per cent to N6.80, University Press crashed by 7.37 per cent to N4.40, and Regency Alliance lost 6.78 per cent to sell for 55 Kobo.
Investors traded 431.8 million equities worth N8.6 billion in 16,400 deals during the session compared with the 716.1 million equities valued at N13.7 billion exchanged in 14,559 deals in the previous day, showing an increase in the number of deals by 12.65 per cent and a fall in the trading volume and value by 39.70 per cent and 37.23 per cent apiece.
The busiest stock was Access Holdings with 32.1 million units valued at N739.7 million, GTCO transacted 30.9 million units for N2.1 billion, AIICO Insurance traded 28.9 million units worth N46.5 million, Universal Insurance exchanged 25.0 million units valued at N13.0 million, and Chams sold 23.8 million units worth N54.2 million.
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange extended recent gains by 0.03 per cent on Friday, May 16, supported by five companies, whose share prices closed green.
NASD Plc added N2.09 to close at N22.99 per unit compared with Thursday’s closing price of N20.90 per unit, Geo-Fluids Plc gained 23 Kobo to settle at N2.54 per share versus the preceding day’s N2.31 per share, Nipco Plc appreciated by 8 Kobo to N199.88 per unit from N199.80 per unit, Afriland Properties Plc grew by 5 Kobo to N17.50 per share from N17.45 per share, and FrieslandCampina Wamco Nigeria Plc gained 2 Kobo to finish at N41.00 per unit compared with the previous closing value of N40.98 per unit.
As as result, the NASD Unlisted Security Index (NSI) rose by 0.99 per cent to 3,154.86 points from the previous session’s 3,153.87 points, and the market capitalisation went up by N580 million to close at N1.847 trillion from N1.846 trillion quoted at the preceding session.
Business Post reports that during the session, Central Securities Clearing System (CSCS) lost 29 Kobo to trade at N25.70 per share versus N23.99 per share, and First Trust Mortgage Bank Plc shrank by 2 Kobo to 61 Kobo per unit from 63 Kobo per unit.
A look at the activity chart indicated that the number of deals carried out by investors increased by 24.1 per cent to 36 deals from 29 deals, previously recorded at the previous session, the value of transactions rose by 196.9 per cent to N15.4 million from N5.2 million, while the volume of securities bought and sold decreased by 16.6 per cent to 253,960 units from the 304,374 units recorded a day earlier.
Impresit Bakolori Plc remained the most active stock by volume (year-to-date) with 536.9 million units sold for N524.7 million, Geo-Fluids Plc posted 266.4 million units valued at N470.6 million, and Okitipupa Plc recorded 153.6 million units worth N4.9 billion.
Okitipupa Plc ended the day as the most active stock by value (year-to-date) with 153.6 million units worth N4.9 billion, FrieslandCampina Wamco Nigeria Plc traded 21.8 million units valued at N837.9 million, and Impresit Bakolori Plc exchanged 536.9 million units for N524.7 million.
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