Economy
Nigeria’s Stock Exchange Records Low Weekly Trading Volume
By Dipo Olowookere
The volume of transactions on the floor of the Nigerian Exchange (NGX) Limited declined significantly last week due to the closure of the market for two days to mark Eid-el Kabir on Monday and Tuesday.
This led to the trading of 504.322 million shares worth N7.517 billion in 12,393 deals compared with the 822.404 million shares valued at N10.366 billion traded a week earlier in 20,643 deals.
The trio of GTCO, Caverton and UBA accounted for 164.202 million shares worth N1.859 billion in 1,937 deals, contributing 32.56 per cent and 24.73 per cent to the total trading volume and value respectively.
Further analysis indicated that financial stocks led the activity chart by volume with 270.549 million units worth N2.940 billion traded in 5,730 deals, contributing 53.65 per cent and 39.11 per cent to the total trading volume and value respectively.
Services equities trailed with 74.980 million units worth N168.626 million in 954 deals, while energy stocks posted a turnover of 42.664 million units worth N262.001 million in 798 deals.
Business Post observed that despite the low trading activity, the All-Share Index (ASI) and market capitalisation appreciated in the week by 1.27 per cent and 1.28 per cent to close at 52,215.12 points and N28.158 trillion respectively.
Also, the NGX-Main Board, NGX 30, NGX MERI Growth, energy, and lotus II indices appreciated by 3.38 per cent, 0.91 per cent, 0.30 per cent, 0.02 per cent and 0.60 per cent respectively, while all other indices finished lower, with the ASeM, growth and sovereign bond indices closing flat.
On the price movement log, 20 shares gained points, lower than 31 shares in the previous week, while 32 stocks shed weight, higher than 26 stocks in the preceding week, with 104 equities closing flat, higher than 99 equities in the previous week.
Academy Press maintained its upward movement with a price appreciation of 16.93 per cent to settle at N2.21, CWG rose by 12.50 per cent to 90 Kobo, Caverton appreciated by 12.30 per cent to N1.37, Wema Bank improved by 10.00 per cent to N3.74, while Airtel Africa gained 10.00 per cent to quote at N1,905.40.
On the flip side, Fidson lost 21.58 per cent to trade at N9.41, Cornerstone Insurance declined by 17.39 per cent to 57 Kobo, Multiverse fell by 13.33 per cent to close at N1.82, Ikeja Hotel went down by 11.36 per cent to N1.17, while Northern Nigerian Flour Mills moderated by 9.95 per cent to N8.60.
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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