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Economy

Nigerian Stocks Close Week High with 0.02% Rise

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Nigerian Stocks

By Modupe Gbadeyanka

Trading on the floor of the Nigerian Stock Exchange (NSE) closed for the week on Friday on a high note with the major market indices hibernating in the green territory.

Though the market recorded a slight increase, it was enough to give investors the needed confidence to return to the market for better outcome next Tuesday, when activities are expected to resume due to a public holiday on Monday, May 1, to celebrate workers’ day.

The All-Share Index appreciated by 5.51 points to close at 25,758.51 points, while the market capitalisation increased by N1.9 billion to end at N8.912 trillion.

The volume of shares traded on the floor of the stock exchange slightly dropped on Friday compared with what was transacted the previous day, though the valued closed higher.

A total of 366.5 million shares were exchanged by investors in 3,598 deals today worth N2.88 billion in contrast to 371.8 million shares transacted on Thursday in 3,627 deals valued at N2.81 billion.

Lafarge topped the gainers’ log with a gain of N2.42k to close at N50.92k per share, trailed by Nestle, which rose by N1.50k to finish at N727 per share.

Stanbic IBTC advanced by N1.25k to end at N26.25k per share, NASCON progressed by 78k to close at N8.49k per share, while Ashaka Cement appreciated by 49k to finish at N10.44k per share.

However, Julius Berger led the losers’ table with a slump of N2.9k to finish at N39.86k per share, followed by Dangote Cement, which depreciated by N1 to end at N159 per share.

First Bank Holding came third with a decline of 33k to close at N3.17k per share, with Unilever finish fourth after dropping by 24k to end at N31.81k per share and Nigerian Breweries came fifth after going down by 21k to close at N123.1k per share.

The Financial Services sector led the activity chart measured by volume with Access Bank, Fidelity Bank, Zenith Bank, First Bank and Diamond Bank topping in that order.

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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