Economy
40 Equities Led by Ecobank Buoy ASI by 3.07%
By Dipo Olowookere
A total of 40 equities appreciated in price during last week on the floor of the Nigerian Stock Exchange (NSE), higher than 15 equities in the previous week.
During the week also, 25 equities depreciated in price, lower than 34 equities in the previous week, while 101 equities remained unchanged, lower than 119 equities recorded in the preceding week.
It was observed that Ecobank topped the gainers’ chart, appreciating by 33.33 percent in the week to settle at N8 per share after opening for the week at N6 each.
Second on the log was Oando, which rose by 20.90 percent to close at N4.05k, while the third place was occupied by Fidelity Bank after appreciating by 20.00 percent to end at N1.68k per unit.
UAC Nigeria gained 18.89 percent in the week to finish at N5.35k per share, while Law Union and Rock Insurance improved by 18.18 percent to close at 39 kobo per share.
On the flip side, Okomu Oil emerged as the top decliner in the week, depreciating by 18.06 percent to close at N40.15k, with NCR Nigeria following with a price depreciation of 14.66 percent to end at N4.95k per unit.
LASACO Assurance lost 12.12 percent to end at 29 kobo per share, Continental Reinsurance fell by 10.34 percent to close at N1.30k per unit, while Tripple Gee and Company declined by 10.00 percent to finish at 63 kobo per unit.
Business post reports that in the week, the All-Share Index (ASI) and market capitalization appreciated by 3.07 percent and 3.25 percent to close at 27,800.17 points and N13.524 trillion respectively.
Similarly, all other indices finished higher with the exception of NSE Insurance index which depreciated by 1.38 percent while the NSE ASeM index closed flat.
On the activity chart, investors traded a total of 2.3 billion shares worth N19.7 billion in 18,379 deals compared with the 726.6 million shares valued at N10.5 billion transacted in the previous week in 12,915 deals.
The financial services industry led the activity chart with 1.8 billion shares valued at N10.4 billion traded in 10,701 deals, contributing 77.70 percent and 52.97 percent to the total equity turnover volume and value respectively.
The conglomerates sector followed with 197.8 million shares worth N286.2 million in 1,066 deals, while the third place was occupied by the industrial goods industry with a turnover of 100.4 million shares worth N2.2 billion in 788 deals.
Trading in Sovereign Trust Insurance, Transcorp and Zenith Bank accounted for 1.2 billion shares worth N3.4 billion in 2,907 deals, contributing 53.25 percent and 16.98 percent to the total equity turnover volume and value respectively.
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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