Economy
Traders Stake N16.134bn on Nigerian Equities in One Week
By Dipo Olowookere
Last week, traders bought and sold 860.933 million shares worth N16.134 billion in 14,502 deals on the floor of the Nigerian Exchange (NGX) Limited, in contrast to the 814.089 million equities worth N12.204 billion traded in 15,488 deals a week earlier.
Details of the transactions showed that financial equities attracted the most attention of investors in the week under review, 360.234 million units valued at N3.772 billion in 6,905 deals, accounting for 41.84 per cent and 23.38 per cent of the total trading volume and value, respectively.
Further, equities in the construction/real estate industry followed with 302.200 million units worth N927.033 million in 261 deals, while stocks in the consumer goods sector recorded the sale of 39.078 million units worth N1.685 billion in 2,593 deals.
A further breakdown revealed that UPDC Real Estate Investment Trust, FBN Holdings and GTCO were the busiest shares in the week, trading 440.239 million units valued at N3.015 billion in 2,038 deals, contributing 51.13 per cent and 18.69 per cent to the total trading volume and value, respectively
Business Post reports that 41 equities closed on the gainers’ log during the week compared with the 32 equities a week earlier, while 17 equities were on the losers’ table as against the 28 equities in the previous week, with 99 equities closing flat versus 97 equities in the preceding week.
Thomas Wyatt was the best-performing stock as it gained 42.11 per cent to trade at 81 Kobo, Royal Exchange rose by 16.67 per cent to 98 Kobo, Champion Breweries appreciated by 14.63 per cent to N4.70, Ardova improved by 12.57 per cent to N18.80, and Custodian Investment chalked up 11.21 per cent to N5.95.
Conversely, UPDC finished the five-day trading week as the worst-performing stock as it lost 8.08 per cent to settle at 91 Kobo, PZ Cussons shed 8.06 per cent to close at N11.40, Mutual Benefits depreciated by 6.90 per cent to 27 Kobo, RT Briscoe shed 6.90 per cent to quote at 27 Kobo, and Neimeth also decreased by 6.90 per cent to trade at N1.35.
Analysis of the key performance indicators indicated that the All-Share Index (ASI) and the market capitalisation appreciated by 0.79 per cent to 49,706.09 points and N27.074 trillion, respectively, in the week.
Similarly, all other indices finished higher except ASeM and sovereign bond indices which closed flat.
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.
