Economy
Investors Stake N20.9bn on 1.5 billion Shares in Five Days
By Dipo Olowookere
The stock market in Nigeria was relatively busy last week as investors showed a renewed interest in the market, resulting in the 2.95 per cent week-on-week growth posted at the close of transactions last Friday.
In the week, the All-Share Index and market capitalisation of the Nigerian Exchange (NGX) Limited closed higher at 43,253.01 points and N22.572 trillion respectively.
Similarly, all other indices finished higher with the exception of banking, insurance, NGX-AFR Bank Value, NGX AFR Div Yield, NGX MERI Growth, energy and industrial goods indices, which depreciated by 1.13 per cent, 2.25 per cent, 1.83 per cent, 0.44 per cent, 0.80 per cent, 0.69 per cent and 0.01 per cent respectively, while the ASeM, growth and sovereign bond indices closed flat.
However, the price movement chart showed that there were 27 appreciating stocks, higher than 23 of the previous week, while there were 36 depreciating shares, lower than 43 in the previous week, with 93 equities trading flat, higher than 90 of the earlier trading week.
Neimeth was the highest price gainer in the week, rising by 12.50 per cent to N1.98 and was trailed by Red Star Express, which grew by 12.18 per cent to N3.50.
Airtel Africa appreciated by 11.75 per cent to trade at N871.70, FTN Cocoa gained 10.00 per cent to sell for 44 kobo, while Veritas Kapital jumped by 9.52 per cent to quote at 23 kobo.
The heaviest price loser, according to data obtained by Business Post, was Conoil as its share price depleted by 14.90 per cent to N21.70.
Pharma Deko dropped 9.83 per cent to N2.11, CWG declined by 9.73 per cent to N1.02, Berger Paints depleted by 9.52 per cent to N8.55, while Custodian Investment declined by 9.47 per cent to N7.65.
At the close of transactions for the week, which had five trading sessions, investors bought and sold 1.5 billion shares worth N20.9 billion in 20,410 deals as against the 1.4 billion shares valued at N12.4 billion traded in 23,987 deals the preceding week.
Financial stocks led the activity chart with 996.6 million units worth N10.279 billion in 10,565 deals, accounting for 67.74 per cent and 49.09 per cent of the total equity turnover volume and value respectively.
The second place was occupied by conglomerates equities with a turnover of 203.3 million units worth N1.2 billion in 834 deals, while consumer goods shares claimed the third place with the sale of 105.4 million units valued at N3.2 billion transacted in 2,789 deals.
The trio of FBN Holdings, Sterling Bank and UACN were the most active stocks in the week with 519.0 million units sold for N4.1 billion in 1,787 deals, contributing 35.28 per cent and 19.37 per cent to the total trading 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.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn