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Economy

NSE Closes Week Negative As Index Drops By 0.01%

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By Modupe Gbadeyanka

Activities on the Nigerian Stock Exchange (NSE) ended for the week on Friday on a negative note after the market initially bounced back on Thursday from the three-day losing streaks.

The all-share index shed 0.01 percent or 1.52 points to close at 27,596.82 points, while the market capitalisation finished at N9.478 trillion after losing N521 million.

The ASI had closed on Thursday at 27,598.34 points, while the market capitalisation ended at N9.479 trillion.

Business Post correspondent reports that trading was not too impressive today, which showed in the volume of shares exchanged at the stock market.

Investors traded 70.9 million shares today valued at N656.019 million in 1,973 deals compared with the 111.9 million shares sold yesterday in 2,699 deals worth N4.012 billion.

PZ topped the losers’ chart at the close of trading on Friday to finish at N17.48k per share after depreciating by 92k, while Cadbury lost 69k to close at N13.13k per share and GTBank fell by 21k to end at N24.28k per share.

Dangote Flour went down by 8k to close at N3.75k per share, while Dangote Sugar dropped by 6k to finish at N6.20k per share.

FBNH emerged the most traded equities today selling a total of 8.3 million shares worth N25 million, while GTBank trailed with 8.2 million stocks transacted valued at N197.7 million.

On the gainers’ chart on Friday, Seplat topped with a gain of N18.40k to finish at N386.40k per share, Mobil trailed after chalking up N3 to close at N190 per share, while Oando added by 10k to end at N5.20k per share.

NPF Microfinance Bank Plc (NPFMCRFBK) went up by 5k to finish at N1.5k per share and Honeywell Flour Mill Plc (HONYFLOUR) closed at N1.30k per share after appreciating by 4k.

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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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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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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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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