Economy
Nigerian Exchange Posts 0.71% Week-on-Week Growth
By Dipo Olowookere
A 0.71 per cent week-on-week growth was recorded by the All-Share Index (ASI) and the market capitalisation of the Nigerian Exchange (NGX) Limited last week, closing at 115,429.54 points and N72.788 trillion, respectively.
In the same vein, all other indices finished higher apart from the insurance, AFR Div Yield, MERI Value, energy, and commodity indices, which depreciated by 0.11 per cent, 0.61 per cent, 0.81 per cent, 1.22 per cent and 1.41 per cent respectively, as the AseM and banking indices closed flat.
The market only opened for three trading days in the week due to the public holidays observed on June 9 for Eid-el-Kabir and June 12 for Democracy Day.
Investors traded 2.057 billion shares worth N51.015 billion in 65,016 deals versus the 3.214 billion shares valued at N76.348 billion transacted in 64,156 deals a week earlier.
The financial services industry led the activity chart with 1.060 billion stocks valued at N26.371 billion in 27,201 deals, contributing 51.55 per cent and 51.69 per cent to the total trading volume and value, respectively.
The services sector recorded the sale of 490.276 million equities worth N1.586 billion in 3,865 deals, and consumer goods space traded 122.795 million shares for N5.841 billion in 7,638 deals.
Tantalizers, Access Holdings, and Zenith Bank exchanged 693.553 million shares worth N9.957 billion in 7,661 deals, contributing 33.72 per cent and 19.52 per cent to the total trading volume and value, respectively.
Legend Internet was the best-performing stock after it gained 32.77 per cent to sell for N7.09, Berger Paints rose by 30.73 per cent to N26.80, Ellah Lakes appreciated by 27.35 per cent to N4.33, Oando increased by 21.37 per cent to N69.00, and Fidson soared by 20.75 per cent to N38.40.
On the flip side, John Holt lost 18.42 per cent to settle at N6.20, Industrial and Medical Gases declined by 12.16 per cent to N32.50, RT Briscoe tumbled by 10.00 per cent to N2.25, Northern Nigeria Flour Mills shed 10.00 per cent to sell for N112.55, and Conoil crashed by 9.99 per cent to N241.50.
At the close of business, 55 equities appreciated versus 53 equities of the previous week, 39 shares depreciated versus 43 shares in the preceding week, and 54 stocks closed flat versus 52 stocks a week earlier.
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.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn