Economy
NSE: Investors Trade 887m Shares Worth N17.5b in Four Days
By Modupe Gbadeyanka
A total of 887.024 million shares worth N17.450 billion in 16,955 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE), Business Post reports.
This is in contrast to a total of 998.973 million shares valued at N11.455 billion that exchanged hands last week in 13,626 deals.
Our correspondent reports that it was another four-day trading week as the Federal Government of Nigeria declared Friday, September 1 and Monday, September 4, 2017 as public holidays in commemoration of the Eid -el- Kabir Sallah celebrations.
But when the market resumed on Tuesday, it started off on a negative note, but picked up on Wednesday and Thursday before closing the week in red.
However, financial stocks, measured by volume, led the activity chart with 729.177 million shares valued at N8.816 billion traded in 10,744 deals; thus contributing 82.20 percent and 50.52 percent to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 68.153 million shares worth N6.692 billion in 2,908 deals, while the third place was occupied by Conglomerates Industry with a turnover of 32.109 million shares worth N183.098 million in 687 deals.
Trading in the top three equities namely – Access Bank Plc, Guaranty Trust Bank Plc, Zenith International Bank Plc (measured by volume) accounted for 320.549 million shares worth N6.909 billion in 2,643 deals, contributing 36.14 percent and 39.59 percent to the total equity turnover volume and value respectively.
On the market indices, the All-Share Index and market capitalization appreciated by 1.27 percent to close the week at 35,957.24 and N12.393 trillion respectively.
Similarly, all other indices finished higher during the week with the exception of the NSE Main Board, NSE Banking, NSE Insurance, NSE Oil/Gas and NSE Industrial Goods Indices that depreciated by 0.24 percent, 1.08 percent, 0.10 percent, 3.77 percent and 1.01 percent respectively while the NSE ASeM Index closed flat.
A total of 28 equities appreciated in price during the week, higher than 19 of the previous week, while 38 stocks depreciated in price, lower than 48 equities of the previous week, and 105 equities remained unchanged higher than 104 equities recorded in the preceding week.
Also traded during the week were a total of 3,000 units of Exchange Traded Products (ETPs) valued at N31,590.00 executed in 1 deal compared with a total of 86,063 units valued at N838,754.79 transacted last week in 8 deals, while a total of 8,535 units of Federal Government Bonds valued at N8.660 million were traded this week in 11 deals, compared with a total of 12,244 units valued at N12.374 million transacted last week in 11 deals.
By Adedapo Adesanya
The Nigeria Customs Service (NCS) is seeking a reduction in import duty exemptions, which rose to N34 trillion, limiting its ability to increase its revenue generation threshold.
The Comptroller-General of the Customs Service, Mr Adewale Adeniyi, disclosed that the value of import duty exemption certificate approvals increased to that level in 2025, describing the policy as one of the major factors restricting its revenue generation.
At an investigative session of the Senate Committee on Finance with revenue-generating agencies in Abuja on Monday, Mr Adeniyi explained that government fiscal policies have continued to impact the revenue-generating capacity of the Customs Service, both positively and negatively.
“The NCS would have generated significantly higher revenue over the years if not for government-approved import duty waivers and other external factors affecting collections,” he said.
He added that the Import Duty Exemption Certificate scheme, introduced in March 2020, accounted for about N34 trillion in approvals in 2025, with nearly 60 per cent covering duty-free importation of military hardware due to Nigeria’s prevailing security challenges.
Other government-backed duty waivers, he noted, covered the importation of Compressed Natural Gas (CNG), electric and hybrid vehicles, healthcare equipment and medical supplies, industrial machinery and manufacturing inputs, as well as food import intervention programmes.
While acknowledging the impact of the waivers on Customs revenue, Mr Adeniyi argued that fiscal policy should not be assessed solely on the basis of revenue generation but also on its broader economic and social objectives.
He, however, urged the federal government to establish stronger monitoring mechanisms to ensure beneficiaries of duty waivers deliver the intended economic outcomes, including lower consumer prices, increased local production and improved healthcare access.
The committee also expressed displeasure over the absence of several heads of government agencies invited to the hearing, including the Nigerian Civil Aviation Authority (NCAA), Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Industrial Training Fund (ITF), and the Federal Medical Centre (FMC), Jabi.
The Chairman of the Senate Committee on Finance, Mr Sani Musa, warned that the affected chief executives must appear at the committee’s next sitting or face severe sanctions under the Senate’s rules.
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By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange rose by 0.40 per cent on Monday, July 13, buoyed by buying interest in 11 Plc, Central Securities Clearing System (CSCS) Plc and UBN Property Plc, which offset the profit-taking in Food Concepts Plc, the parent company of Chicken Republic.
11 Plc gained N20.69 to end at N227.64 per share compared with last Friday’s price of N206.95 per share, CSCS Plc grew by N1.83 to N91.48 per unit from N89.65 per unit, and UBN Property Plc added 1 Kobo to sell at N1.81 per share versus N1.80 per share.
On the flip side, Food Concepts Plc depreciated by 24 Kobo to close at N2.45 per unit, in contrast to the preceding session’s N2.69 per unit.
As a result, the market capitalisation increased by N9.2 billion to N2.587 trillion from N2.578 trillion, and the NASD Security Index (NSI) improved by 15.33 points to 4,311.67 points from 4,296.34 points.
Yesterday, the volume of securities traded by investors surged by 615.9 per cent to 9.1 million units from the previous 1.3 million units, and the value of securities rose by 997.1 per cent to N320.4 million from the preceding session’s N29.2 million, while the number of deals decreased by 12.5 per cent to 28 deals from last Friday’s 32 deals.
At the close of trades, Great Nigeria Insurance (GNI) Plc remained the most active stock by value on a year-to-date basis, with 3.4 billion units valued at N8.4 billion, followed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units worth N6.5 billion, and CSCS Plc with 73.9 million units exchanged for N5.2 billion.
GNI Plc also closed the session as the most traded stock by volume on a year-to-date basis, with 3.4 billion units sold for N8.4 billion, followed by Infracredit Plc with 2.3 billion units traded for N6.5 billion, and Resourcery Plc with 1.1 billion units transacted for N415.7 million.
