Economy
Equity Turnover Drops to N13.5bn in One Week
By Dipo Olowookere
The total volume and value of shares transacted on the floor of the Nigerian Stock Exchange (NSE) depreciated this week amid profit-taking by investors.
The market remained largely bearish during the trading week despite some big players in the banking industry releasing their earnings for 2018 financial year.
The absence of positive news to boost confidence of investors left the NSE All-Share Index and market capitalisation 2.45 percent lower at the close the week at 31,142.72 points and N11.614 trillion respectively.
Similarly, all other indices finished lower with the exception of the NSE ASeM and NSE Oil/Gas indices which appreciated by 0.21 percent and 0.09 percent respectively.
Business Post reports that a total turnover of 1.113 billion shares worth N13.465 billion in 15,036 deals were traded this week by investors in contrast to a total of 1.290 billion shares valued at N13.873 billion that exchanged hands last week in 17,307 deals.
Financial stocks led the activity chart with 926.286 million shares valued at N9.696 billion traded in 9,906 deals, contributing 83.25 percent and 72.01 percent to the total equity turnover volume and value respectively.
Tech equities with 73.076 million shares worth N14.664 million in 35deals,, while consumer goods shares recorded a turnover of 36.749 million stocks valued at N2.562 billion in 2,301 deals.
Trading in FBN Holdings, ZenithBank and Diamond Bank accounted for 551.865 million shares worth N6.602 billion in 3,116 deals, contributing 49.60 percent and 49.03 percent to the total equity turnover volume and value respectively
During the week, 38 equities appreciated in price, lower than 24 in the previous week, while 45 equities depreciated in price, higher than 37 equities of the previous week, with 105 equities remaining unchanged lower than 107 equities recorded in the preceding week.
Also traded during the week were a total of 201 units of Federal Government Bonds valued at N205,083.12 were traded in 2 deals compared with a total of 15,496 units valued at N15.750 million transacted last week in 12deals, while a total of 10,598 units of Exchange Traded Products (ETPs) valued at N1.355 million were executed in 5 deals compared with a total of 2,971 units valued at N766,883.30 transacted last week in 7 deals.
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