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Economy

Okomu Oil, Int’l Breweries Lead Stock Market to 0.59% Fall

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By Modupe Gbadeyanka

Heavy losses recorded on Friday by Okomu Oil, International Breweries and 26 other equities on the trading floor of the Nigerian Stock Exchange (NSE) left the market down by 0.59 percent.

Business Post reports that profit-taking activities by investors at the equity market contributed to the decline, which sank the Year-to-Date (YtD) returns deeper to -4.56 percent.

Okomu Oil, which led the losers’ table on Friday, went down by N5 at the close of business to finish at N76 per share.

International Breweries, which followed, lost N2.90k to settle at N30.50k per share, while Forte Oil depreciated by N1.10k to end at N23.40k per share.

Dangote Cement went down by N1 to close at N229 per share, while Cadbury Nigeria fell by 95 kobo to finish at N9.75k per share.

On the flip side, it was a better trading day for Beta Glass as its shares appreciated on Friday by N7.80k to settle at N85.80k per share.

Seplat recorded a gain of N6 to close at N710 per share, while Nigerian Breweries grew by N3 to finish at N103 per share.

Redstar Express increased by 30 kobo to close at N5.75k per share, while Zenith Bank appreciated by 20 kobo to end at N23.85k per share.

At the close of transactions on Friday, the Financial Services sector led the activity chart with 150.4 million shares sold for N1.1 billion, while the Services sector followed with 66.9 million shares traded for N254 million.

A further breakdown showed that shares of NAHCO were the most traded yesterday with a total of 59.6 million units sold for N235.4 million.

United Bank for Africa (UBA) followed with 29.4 million shares traded for N282.9 million, with Diamond Bank transacting 20.2 million shares worth N24.7 million.

FBN Holdings exchanged 17.3 million equities valued at N172.9 million, while Niger Insurance traded 15.4 million shares worth N4.6 million.

At the end of the day, the volume of shares transacted by investors depreciated by 16.87 percent, while the value appreciated by 20.47 percent.

A total of 266.4 million equities worth N4.3 billion were bought and sold on Friday compared with the 320.5 million shares valued at N3.5 billion traded on Thursday.

A look at the major market indices showed that All-Share Index (ASI) decreased by 189.24 points to close at 36,499.67 points, while the market capitalisation lost N70 billion to settle at N13.322 trillion.

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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