Economy
Demand for FBN Holdings, GTBank, Access Bank Shares Surges
By Dipo Olowookere
The demand for the stocks of FBN Holdings, GTBank and Access Bank rose last week on the floor of the Nigerian Stock Exchange (NSE).
Business Post that the surge in the shares of FBN Holdings was mainly because of its present value, while for GTBank and Access Bank was due to the interim dividend recommended by the board for the 2020 half-year.
Last week, investors traded 353.1 million equities of these three lenders worth N4.0 billion in 3,095deals, contributing 31.00 per cent and 31.66 per cent to the total equity turnover volume and value respectively.
According to data from the NSE, a total of 1.1 billion shares worth N12.7 billion were transacted last week in 17,109 deals as against the 1.2 billion shares valued at N10.8 billion traded a week earlier in 19,529 deals.
Further analysis showed that financial stocks dominated the activity chart with 870.3 million units worth N7.9 billion traded in 9,427 deals, contributing 76.43 per cent and 61.95 per cent to the total equity turnover volume and value respectively.
Shares in the industrial goods sector followed with 62.7 million units worth N1.2 billion transacted in 1,557 deals, while equities in the ICT industry traded 50.9 million units valued at N2.6 billion in 619 deals.
On the price movement chart, 32 stocks appreciated in price during the week, higher than 23 equities in the previous week, while 31 equities depreciated in price, lower than 38 equities in the previous week, with 100 equities closing flat, lower than 102 equities of the preceding week.
At the close of business last Friday, the All-Share Index (ASI) recorded a week-on-week decline of 0.08 per cent to 25,572.57 points, while the market capitalisation had a week-on-week rise of 0.10 per cent to N13.365 trillion.
All other indices finished lower with the exception of NSE the main board, NSE Pension, NSE insurance, NSE Meri Growth, consumer goods, Lotus II and industrial goods indices, which appreciated by 0.13 per cent, 0.06 per cent, 0.01 per cent, 0.17 per cent, 0.13 per cent, 0.19 per cent and 0.50 per cent respectively while the ASeM index 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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