Economy
Investors Trade N47.449bn Stocks in One Week as Oando Gains 42.86%
By Dipo Olowookere
In five days, investors transacted 2.933 billion shares worth N47.449 billion in 44,654 deals on the floor of the Nigerian Exchange (NGX) Limited compared with the 2.644 billion shares worth N45.450 billion in 44,189 deals a week earlier.
A breakdown showed that the financial services sector led the activity chart with 1.955 billion stocks valued at N26.384 billion traded in 21,707 deals, contributing 66.67 per cent and 55.61 per cent to the total trading volume and value apiece.
This was followed by the energy industry with 281.356 million shares worth N5.307 billion in 4,423 deals and the conglomerates space with 280.586 million equities worth N1.763 billion in 3,079 deals.
UBA, Transcorp and Access Holdings accounted for 1.026 billion shares worth N13.649 billion in 9,733 deals, contributing 34.98 per cent and 28.77 per cent to the total trading volume and value, respectively.
Business Post reports that 32 stocks gained in the week versus 52 stocks in the previous week, while 53 equities depreciated in price compared with 35 equities in the preceding week, with 70 shares closing flat versus 68 shares of the earlier week.
According to data obtained from the bourse, Oando was the best-performing equity after it rose by 42.86 per cent to N11.00, Chellarams appreciated by 32.76 per cent to N3.85, CWG went up by 29.76 per cent to N7.50, Cornerstone Insurance jumped by 12.90 per cent to N1.40, and Northern Nigeria Flour Mills gained 12.03 per cent to trade at N13.50.
Conversely, ABC Transport shed 33.63 per cent to quote at 75 Kobo, Omatek fell by 31.03 per cent to 40 Kobo, eTranzact dropped 26.50 per cent to N7.35, Guinea Insurance lost 19.44 per cent to close at 29 Kobo, and Tantalozers declined by 17.39 per cent to 38 Kobo.
A look at the index movement showed that the All-Share Index (ASI) and the market capitalisation depreciated last week by 1.10 per cent to 67,395.74 points and N36.886 trillion, respectively.
Similarly, all other indices finished lower except insurance, Meri Growth and growth indices, which appreciated by 0.46 per cent, 0.55 per cent and 4.15 per cent apiece as the ASeM index 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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