Economy
Investors Stake N19.494bn on 1.831 billion Equities in One Week
By Dipo Olowookere
Transactions at the Nigerian Exchange (NGX) Limited broadly fell last week as investors bought and sold 1.831 billion equities worth N19.494 billion in 21,723 deals in the five-day trading.
In the previous week, a total of 28.736 billion equities worth N209.060 billion exchanged hands in 23,688 deals. The high trading volume in the comparative week was influenced by an off-market deal in Union Bank, involving the purchase of over 27 billion shares of the lender by Titan Trust Bank for more than N190 billion.
Last week, the bourse did not witness a similar trade but the financial services sector maintained its position as the most active with the sale of 1.173 billion stocks valued at N12.485 billion in 10,657 deals, contributing 64.07 per cent and 64.04 per cent to the total trading volume and value respectively.
The conglomerates industry followed with 419.100 million shares worth N607.703 million in 1,095 deals, while the consumer goods counter occupied third place with 69.680 million shares worth N2.754 billion in 3,158 deals.
The most traded stocks in the week were FBN Holdings, Transcorp and UBA, which accounted for 1.136 billion units worth N8.323 billion in 2,906 deals, and contributed 62.08 per cent and 42.70 per cent to the total trading volume and value respectively.
A total of 29 equities appreciated in price last week compared with 36 equities of the previous week, 36 stocks shed weight as against 45 stocks of the earlier week, while 91 shares remained unchanged in contrast to 75 shares of the preceding week.
Global Spectrum Energy Services topped the gainers’ chart with a price appreciation of 10.00 per cent to trade at N2.75, Conoil rose by 9.97 per cent to N32.00, Fidson increased its value by 9.59 per cent to N12.00, University Press expanded by 9.43 per cent to N2.90, while Pharma-Deko appreciated by 9.37 per cent to N1.75.
Conversely, Industrial and Medical Gases ended the trading week on top of the losers’ log with a decline of 16.82 per cent to sell for N9.15, Ecobank lost 11.20 per cent to close at N11.10, MRS Oil shelled 9.76 per cent to quote at N14.80, eTranzact declined by 9.67 per cent to N2.70, while The Initiates depleted by 9.09 per cent to 40 kobo.
In the week, the All Share Index (ASI) and market capitalisation appreciated by 0.55 per cent to 53,201.38 points and N28.681 trillion respectively, while all other indices finished lower with the exception of the NGX 30, NGX CG, NGX Premium, NGX MERI Value, oil/gas, Lotus II and industrial goods indices which appreciated at 0.84 per cent, 0.01 per cent, 1.42 per cent, 0.32 per cent, 0.68 per cent, 1.62 per cent and 0.25 per cent, with the Asem index closing 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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