Economy
Eterna Plc Records 34.99% Weekly Price Appreciation
By Modupe Gbadeyanka
A Nigerian oil company, Eterna Plc, recorded a weekly price appreciation of 34.99 per cent or N1.27 on the Nigerian Stock Exchange (NSE) to close last week at N4.90 per unit compared with N3.63 it ended the previous week.
According to data from the exchange, the market recorded 34 other price gainers, lower than 53 price risers of the preceding week.
International Breweries in the week grew by 12.92 per cent to finish at N5.33 per share, Cadbury Nigeria gained 12.59 per cent to end at N8.05 per share, Guinness Nigeria rose by 12.33 per cent to settle at N16.85 per share, while Lafarge Africa chalked up 10.88 per cent to close at N18.85 per share.
However, in the five-day trading week, 23 equities depreciated in price, higher than 14 equities in the previous week and the leader of the chart was eTranzact, which went down by 26.38 per cent to close at N1.73 per share.
Portland Paints dropped 10.31 per cent to N2.00 per share, Consolidated Hallmark Insurance lost 8.11 per cent to close at 34 kobo per share, Royal Exchange fell by 7.41 per cent to 25 kobo per share, while Cutix depreciated by 5.81 per cent to N1.62 per share.
On the activity chart, investors traded 2.0 billion shares worth N23.0 billion in 22,844 deals in contrast to the 3.1 billion shares valued at N35.4 billion traded in 35,099 deals a week earlier.
The financial services industry was the most active with 1.7 billion units worth N18.8 billion in 13,050 deals, accounting for 84.29 per cent and 81.92 per cent to the total trading volume and value respectively.
The conglomerates sector followed with 99.3 million shares worth N87.8 million in 553 deals, while the consumer goods space had a turnover of 60.8 million shares worth N991.2 million in 3,269 deals.
Business Post reports that the top three most traded equities were UBA, GTBank and Zenith Bank, trading 885.5 million stocks worth N15.9 billion in 6,308 deals, accounting for 45.30 per cent and 69.11 per cent to the total equity turnover volume and value respectively.
During the week, All-Share Index (ASI) and market capitalisation both appreciated by 0.86 per cent to close the week at 28,659.45 points and N14.980 trillion respectively.
All other indices finished higher with the exception of the insurance sector, which depreciated by 0.68 per cent 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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