Economy
Investors Stake N10.4b on 1.15b Shares in 4 Days
By Modupe Gbadeyanka
It was a four-day trading week as the Federal Government of Nigeria declared Monday, May 1, 2017 as public holiday to mark the 2017 Workers’ Day Celebration.
During the period, a total turnover of 1.154 billion shares worth N10.439 billion in 16,676 deals were traded by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 1.333 billion shares valued at N9.671 billion that exchanged hands the previous week in 16,300 deals.
It was observed that the Financial Services Industry (measured by volume) led the activity chart with 813.016 million shares valued at N6.904 billion traded in 10,298 deals; thus contributing 70.45% and 66.13% to the total equity turnover volume and value respectively.
The Oil and Gas Industry followed with 106.566 million shares worth N1.063 billion in 1,356 deals, while the third place was occupied by Services Industry with a turnover of 90.940 million shares worth N188.204 million in 660 deals.
Trading in the Top Three Equities namely – Zenith International Bank Plc, FBN Holdings Plc and Oando Plc (measured by volume) accounted for 385.893 million shares worth N3.816 billion in 4,005 deals, contributing 33.44% and 36.55% to the total equity turnover volume and value respectively.
Also during the week, the NSE All-Share Index and Market Capitalization appreciated by 1.85% and 1.75% to close at 26,235.63 and N9.069 trillion respectively.
Similarly, all other Indices finished higher during the week with the exception the NSE Insurance and NSE Industrial Goods Indices that depreciated by 0.09% and 1.04% respectively while the NSE ASeM Index closed flat.
A total of 43 equities appreciated in price during the week, higher than 38 equities of the previous week, while 16 equities depreciated in price, lower than 25 equities of the previous week and 114 equities remained unchanged same as 114 equities recorded in the preceding week.
It was further gathered that a total of 20 units of Exchange Traded Products (ETPs) valued at N110,000 executed in 1 deal were transacted by investors compared with a total of 533 units valued at N32,204.30 transacted the previous week in 15 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.
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