Economy
In Five Days, NGX Records N12.3bn Investments in Equities
By Dipo Olowookere
Investments in equities on the floor of the Nigerian Exchange (NGX) Limited stood at N12.3 billion, lower than the N12.6 billion recorded in the previous week.
This was mainly affected by the lower trading volume recorded in the five-day trading sessions as investors traded 866.5 million shares in 17,291 deals in contrast to the 1.6 billion shares traded in 18,622 deals a week earlier.
Like in the preceding weeks, financial stocks dominated the transactions, accounting for 445.3 million units worth N3.7 billion traded in 7,560 deals and contributing 51.39 per cent and 29.99 per cent to the total trading volume and value respectively.
It was trailed by consumer goods equities with a turnover of 119.7 million units valued at N5.0 billion exchanged in 3,424 deals, while ICT stocks recorded 87.1 million shares worth N1.9 billion in 924 deals.
In the week, Honeywell Flour Mills, Transcorp and GTCO were the most active stocks with 203.8 million shares worth N2.0 billion traded in 2,515 deals, contributing 23.51 per cent and 16.02 per cent to the total trading volume and value respectively.
Honeywell Flour was the biggest price gainer last week, gaining 46.34 per cent to sell at N3.00 and was followed by Pharma Deko, which gained 44.54 per cent to trade at N1.72.
Courtville appreciated by 29.17 per cent to 31 kobo, Neimeth rose by 25.00 per cent to N2.05, while BOC Gases increased by 20.65 per cent to N11.10.
On the opposition side, Meyer was the heaviest price loser, declining by 66.10 per cent to 20 kobo and was trailed by SCOA Nigeria, which fell by 18.46 per cent to N1.59.
Consolidated Hallmark Insurance dropped 13.21 per cent to 46 kobo, Nestle Nigeria fell by 9.09 per cent to N1,400.00, while FTN Cocoa depreciated by 9.09 per cent to 40 kobo.
At the close of transactions for the week, there were 36 price gainers, higher than 29 risers of the earlier week. There were 33 price decliners, lower than 36 laggards of the preceding week, while 87 stocks closed flat, lower than the 98 shares of the previous week.
In terms of the general performance of the market in the week, the All-Share Index (ASI) and market capitalisation depreciated by 0.10 per cent to 39,483.08 points and N20.571 trillion respectively.
Similarly, all other indices finished lower with the exception of the premium, AFR Div Yield, industrial goods and sovereign bond indices which appreciated by 2.28 per cent, 0.76 per cent, 1.85 per cent and 0.02 per cent respectively, while the ASeM and growth 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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