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Economy

Nigerian Stocks Close Green After 0.60% Gain Monday

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Nigerian Stocks

By Dipo Olowookere

Activities on the floor of the Nigerian Stock Exchange (NSE) started on a positive note on Monday after the market recorded a 0.60 percent growth at the close of transactions.

The mopping up of some stocks in the banking, insurance, industrial goods and consumer goods sectors by investors boosted the All-Share Index (ASI) by 158.97 points to 26,695.18 points and the market capitalisation by N76.7 billion to N12.885 trillion.

According to data from the NSE, the volume of equities transacted increased by 9.77 percent to 170.5 million from 155.4 million, while the value of trades rose by 43.21 percent to N2.1 billion from N1.4 billion.

Apart from the energy sector, which declined by 0.46 percent, every other sector closed positive on renewed buying interest.

The banking index rose by 1.64 percent, industrial goods increased by 0.95 percent, consumer goods appreciated by 0.40 percent and the insurance grew by 0.31 percent.

The most active stock at the exchange on Monday was Access Bank. The lender sold 41.2 million units of its stocks worth N397.0 million and was trailed by UBA with a turnover of 29.2 million equities valued at N202.0 million.

Zenith Bank traded 25.6 million shares for N479.8 million, GTBank transacted 11.3 million equities valued at N332.9 million, while Transcorp exchanged 10.1 million shares worth N9.9 million.

On the price movement chart, Guinness Nigeria was the best performing stock, chalking up N2.90 to close at N32.40 per share, while Dangote Cement sucked N2 to swell to N142 per unit.

PZ Cussons swallowed 50 kobo to increase to N5.75 per share, UBA added 40 kobo to its share price to finish at N7 per unit, while Access Bank garnered 40 kobo to trade at N9.80 per share.

On the flip side, FBN Holdings suffered a 25 kobo loss to settle at N6.25 per unit, while UAC Nigeria depreciated by 15 kobo to finish at N8.75 per share.

University Press declined by 11 kobo to end at N1.21 per share, Neimeth depreciated by 6 kobo to sell at 60 kobo per share, while Cornerstone Insurance went down by 6 kobo to trade at 60 kobo per unit.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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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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