Economy
Investors Trade 203 million Stocks Via Morgan Capital in One Week
By Dipo Olowookere
Morgan Capital Securities maintained its position as one of the favourite brokerage firms operating in the nation’s stock market last week.
The company ended the week as the most active stockbroker by volume as investors bought and sold a total of 203.2 million units of securities through the organisation, accounting for 11.45 per cent of the total trading volume of 887.0 million shares recorded in the week. Of this total number of stocks traded last week, 10 brokers contributed 855.9 million units.
Data obtained by Business Post from the exchange showed that Meristem Stockbrokers helped investors to trade 150.4 million units, accounting for 8.47 per cent, while EFG Hermes recorded 100.4 million units which accounted for 5.66 per cent, with Rencap Securities posting 76.4 million units which accounted for 4.30 per cent, and Coronation Securities, which traded 70.8 million units and accounted for 3.99 per cent.
CardinalStone Securities traded 61.7 million (3.47 per cent), United Capital Securities transacted 56.2 million shares (3.17 per cent), Stanbic IBTC Stockbrokers exchanged 51.7 million equities (2.91 per cent), FSL Securities traded 46.2 million stocks (2.60 per cent), while Quantum Zenith Securities and Investment transacted 39.0 million shares (2.20 per cent).
These top 10 stockbrokers were responsible for 48.22 per cent of the total volume recorded between April 6 and 9, 2021.
But in terms of value, Rencap Securities topped the chart as the most active brokerage company after it assisted market participants to trade shares worth N5.4 billion, accounting for 24.40 per cent of the N14.1 billion worth of equities traded by 10 brokerage companies last week at the exchange.
Chapel Hill Denham Securities occupied second place with N1.7 billion, accounting for 7.47 per cent. Meristem Stockbrokers traded N1.4 billion and accounted for 6.26 per cent, EFG Hermes exchanged shares worth N1.4 billion and accounted for 6.07 per cent, while Stanbic IBTC Stockbrokers transacted stocks valued at N816.3 million and accounted for 3.66 per cent.
United Capital Securities traded N772.2 million equities and accounted for 3.46 per cent, CardinalStone Securities exchanged N702.4 million stocks and contributed 3.15 per cent, Imperial Asset Managers traded N700.6 million shares and contributed 3.14 per cent, Morgan Capital transacted N668.0 million stocks and accounted for 2.99 per cent, while Coronation Securities exchanged N602.8 million equities and contributed 2.70 per cent.
The above top 10 brokerage companies were responsible for 63.30 per cent of the total value of shares traded by investors between April 6 and 9, 2021.
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.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn