Economy
Financial Services Industry Attracts Investors At Stock Market
By Modupe Gbadeyanka
At the stock market in Nigeria last week, the Financial Services Industry (measured by volume) led the activity chart with 491.758 million shares valued at N2.211 billion traded in 6,241 deals; thus contributing 76.90% and 34.25% to the total equity turnover volume and value respectively.
This was closely followed by the Conglomerates Industry with 64.507 million shares worth N58.500 million in 681 deals traded, while the third place was occupied by the Consumer Goods Industry with a turnover of 54.901 million shares worth N3.307 billion in 2,386 deals.
Trading in the Top Three Equities namely – Access Bank Plc, Diamond Bank Plc and Transnational
Corporation of Nigeria Plc (measured by volume) accounted for 210.407 million shares worth N527.918 million in 1,316 deals, contributing 32.91% and 8.18% to the total equity turnover volume and value respectively.
Also, a total of 27 equities appreciated in price at the market, higher than 10 equities of the previous week, while 26 stocks depreciated in price, lower than 48 equities of the previous week and 128 equities remained unchanged higher than 123 equities recorded in the preceding week.
Business Post correspondent equally reports that during the period under review, a turnover of 639.439 million shares worth N6.455 billion in 11,799 deals were traded this week by investors on the floor of the Nigeria Stock Exchange (NSE) in contrast to a total of 823.547 million shares valued at N5.444 billion that exchanged hands last week in 11,634 deals.
Also traded during the week were a total of 25 units of Exchange Traded Products (ETPs) valued at
N235.15 executed in 5 deals, compared with a total of 60 units valued at N537.00 transacted last week in 11 deals, while a total of 2,100 units of Federal Government Bonds valued at N1.838 million were traded in 2 deals compared to a total of 6,871 units of Federal Government Bonds valued at N5.990 million transacted last week in 8 deals.
Similarly, the NSE All-Share Index and Market Capitalization depreciated by 0.80% to close the week at 25,333.39 and N8.721 trillion respectively.
In addition, all other Indices finished lower during the week with the exception of the NSE Banking and NSE Consumer Goods Indices that appreciated by 0.02% and 0.42% respectively while the NSE ASeM Index closed flat.
Also during the week, Flour Mill led the top gainers’ table with an appreciation of N3.29k to close at N19.49k per share, AfriPrud rose by 37k to end at N2.92k per share and Fidson improved by 16k to finish at N1.40k per share.
Conversely, Forte Oil led the losers’ chart with a loss of N19.87k to close at N62.80k per share, Okomu Oil fell by N5.80k to finish at N36.20k per share and Neimeth sank by 11k to end at 75k per share.
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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