Economy
Investors Pump N47.220bn in 3.557 billion Shares in One Week
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited was busy last week, with investors transacting more equities compared with the preceding week as a result of an action of the Central Bank of Nigeria (CBN) on interest rates.
The benchmark interest rate was further raised by 0.50 per cent to 26.75 per cent, causing traders to rebalance their portfolios for more fixed-income assets.
This led to profit-taking, with the All-Share Index (ASI) and the market capitalisation closing lower by 2.33 per cent to 98,201.49 points and N55.605 trillion, respectively.
Similarly, all other indices ended in red territory apart from MERI Value, which appreciated by 0.72 per cent, while the NASeM and sovereign bond indices closed flat.
A total of 3.557 billion shares worth N47.220 billion in 42,871 deals exchanged hands in the week versus the 2.827 billion shares valued at N42.366 billion traded in 44,277 deals a week earlier.
The financial services industry led the activity chart with 2.011 billion stocks worth N25.783 billion traded in 24,350 deals, contributing 56.52 per cent and 54.60 per cent to the total trading volume and value, respectively.
The services sector posted a turnover of 1.020 billion equities worth N3.216 billion in 1,846 deals, and the agriculture counter traded 168.028 million shares worth N647.859 million in 1,473 deals.
Tourist Company of Nigeria, FCMB, and Abbey Mortgage Bank accounted for 1.876 billion shares worth N8.511 billion in 935 deals, contributing 52.73 per cent and 18.02 per cent to the total trading volume and value apiece.
Secure Electronic Technology topped the losers’ chart in the five-day trading week after it lost 26.32 per cent to sell for 42 Kobo, Omatek fell by 14.86 per cent to 63 Kobo, Cutix dropped 14.02 per cent to N5.15, University Press depreciated by 12.35 per cent to N2.20, and Eterna slumped by 10.00 per cent to N16.20.
Sitting on top of the gainers’s table in the week was Sovereign Trust Insurance, which gained 14.29 per cent to finish at 56 Kobo, Coronation Insurance expanded by 13.16 per cent to 86 Kobo, Neimeth grew by 12.64 per cent to N1.96, Oando increased by 11.51 per cent to N20.35, and Julius Berger rose by 10.86 per cent to N97.00.
Business Post reports that at the close of transactions for the week last Friday, the bourse recorded 20 price risers versus 37 in the preceding week, 47 price decliners versus 34 a week earlier, and 84 stocks closed flat versus 80 in the previous week.
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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