Economy
Nigerian Stocks Start New Trading Week with N218b Gain
By Modupe Gbadeyanka
A new trading week commenced on Monday, July 24, 2017 on a high note with the stock market growing further by 1.86 percent, Business Post.
The positive performance was driven by gains recorded by Dangote Cement, Julius Berger, Stanbic IBTC and others.
The top gainer, Dangote Cement, rose by N10.60k to settle at N222.60k per share, while Julius Berger added N1.70k to its share value to finish at N36 per share.
Stanbic IBTC grew by N1.1k to end at N33.50k per share, Flour Mills of Nigeria advanced by 97k to close at N26.70k per share, while Access Bank appreciated by 43k to end at N10.8k per share.
On the other hand, it was not a good story for Nestle, which depreciated today by N16 to settle at N902 per share.
PZ Cussons shed 60k to close at N21.40k per share, Okomu Oil declined by 50k to finish at N64 per share, Forte Oil lost 46k to end at N57.50k per share, and Berger Paints slumped by 25k to finish at N6.52k per share.
An analysis of the main market indicators showed that the All-Share Index (ASI) progressed by 632.15 points to settle at 34,652.52 points, while the market capitalisation advanced by N217.9 billion to close at N11.94 trillion, and the YTD gain expanded further to 28.94 percent.
Access Bank was the most active stock today, accounting for 73.6 million shares traded at N730.2 million.
It was trailed by UBA, which transacted 34.6 million units worth N323.3 million, while GTBank exchanged 32.6 million shares valued at N1.2 billion.
Furthermore, Unity Kapital Assurance recorded a total of 30 million shares sold for N15 million, while Transcorp traded 16.3 million shares valued at N25.6 million.
In all, a total of 294 million shares exchanged hands on Monday valued at N3.9 billion executed in 3,712 deals.
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.
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.”
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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