Economy
Appetite for Nigerian Shares Wanes, Attract N42.677bn in One Week
By Dipo Olowookere
The demand for Nigerian shares declined last week at the Nigerian Exchange (NGX) Limited, resulting in lower trading activity, according to data obtained by Business Post.
In the five-day trading week, the market posted a turnover of 1.652 billion equities worth N42.677 billion in 38,123 deals compared with the 2.187 billion equities valued at N50.667 billion traded in the previous week in 45,277 deals.
Custodian Investment, GTCO, and Access Holdings were the most active stocks of the week, trading 500.343 million units worth N11.768 billion in 6,551 deals, contributing 30.29 per cent and 27.57 per cent to the total trading volume and value, respectively.
It was observed that the financial services space led the activity chart with 979.479 million shares valued at N16.647 billion in 20,708 deals; contributing 59.30 per cent and 39.01 per cent to the total trading volume and value, respectively.
The conglomerates counter followed with 239.825 million stocks worth N2.879 billion in 2,178 deals, and the third place was the consumer goods sector with the sale of 148.685 million equities for N3.525 billion carried out in 4,757 deals.
Further analysis indicated that 28 stocks appreciated versus 40 stocks of the preceding week, 51 shares depreciated versus 37 shares in the previous week, and 76 equities remained flat versus 77 equities in the previous week.
International Energy Insurance gained 11.49 per cent to close at N1.65, McNichols rose by 9.89 to N1.00, Custodian Investment jumped by 9.68 per cent to N10.20, Julius Berger expanded by 9/53 per cent to N79.30, and Airtel Africa increased by 8.97 per cent to N2,150.
Conversely, PZ Cussons lost 22.16 per cent to settle at N21.60, NEM Insurance declined by 18.32 per cent to 11.15, UBA shed 17.23 per cent to N21.85, and The Initiates deflated by 15.22 per cent to N1.95.
When trading activities ended for the week, the All-Share Index (ASI) and the market capitalisation depreciated by 0.11 per cent and 0.10 per cent to 98,125.73 points and N55.508 trillion, respectively.
Similarly, all other indices finished lower apart from the Main Board, Lotus II, industrial goods and pension broad which appreciated by 0.97 per cent, 0.58 per cent, 0.01 per cent and 0.12 per cent while the ASeM and sovereign bond indices closed flat.
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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