Economy
NPF Microfinance Bank Gains 50.85% in One Week
By Dipo Olowookere
Stocks of NPF Microfinance Bank Plc appreciated by 50.85 percent last week, closing at N1.78 per unit compared with N1.18 per unit it opened for the week.
The company was one of the 32 equities which appreciated in price during the week, lower than 39 equities in the previous week.
Other price rises in the week were Unilever Nigeria, which rose by 20.95 percent week-on-week to N12.70 per share and May & Baker, which appreciated by 20.93 percent to settle at N3.12 per share. McNichols gained 19.05 percent to close at 50 kobo per unit, while Eterna increased by 18.52 percent to finish at N2.56 per share.
On the flip side, UPDC was the worst performing stock last week, losing 13.04 percent to settle at 80 kobo per unit. The stock was among the 28 equities that depreciated in price, higher than 22 equities in the previous week.
CAP lost 9.83 percent to close at N20.65 per share, Arbico depreciated by 9.73 percent to finish at N2.32 per unit, Custodian Investment fell 9.52 percent to settle at N5.70 per share, while Afromedia declined by 8.82 percent to end at 31 kobo.
Business Post reports that in the week, 103 equities remained unchanged, higher than 102 equities recorded in the preceding week.
Last week, the All-Share Index (ASI) and market capitalisation both depreciated by 0.72 percent week-on-week to close at 23,871.33 points and N12.441 trillion respectively.
All other indices finished lower with the exception of main board, NSE CG, NSE Pension, NSE ASeM, NSE AFR Bank Value, NSE Meri Growth, consumer goods and oil/gas which appreciated by 1.29 percent, 1.52 percent, 0.74 percent, 0.36 percent, 1.65 percent, 4.76 percent, 2.25 percent and 1.56 percent respectively.
A look at the activity chart showed that a total of 926.4 million shares worth N9.8 billion in 20,910 deals were traded in the week by investors on the floor of the Nigerian Stock Exchange, in contrast to a total of 1.7 billion shares valued at N18.2 billion that exchanged hands the previous week in 28,791 deals.
The financial services industry led the activity chart with 676.1 million shares valued at N5.1 billion traded in 10,753 deals, contributing 72.98 percent and 51.73 percent to the total equity turnover volume and value respectively.
The conglomerates industry followed with 71.1 million shares worth N399.5 million in 445 deals, while consumer goods sector recorded a turnover of 48.8 million shares valued at N1.6 billion in 3,497 deals.
Trading in FBN Holdings, GTBank and Zenith Bank accounted for 335.1 million shares worth N4.1 billion in 4,885 deals, contributing 36.17 percent and 41.58 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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