Economy
Keep Eye on These Four Stocks This Week
By Modupe Gbadeyanka
Major elections in Nigeria are now over and winners and losers in the exercise, which kicked off with the presidential and National Assembly elections on February 23, 2019 and ended with the governorship and state houses of assembly polls on March 9, 2019, have emerged.
With the elections gone, investors will begin to take position and see how they can gain more from their investments in the nation’s capital market.
Analysts at Meristem Research have highlighted four equities to look out for in this trading week.
One of the stocks is Dangote Cement, which traded at N195 per unit last week. The company released its financials for the 2018 fiscal year recently, with its performance exciting investors. The stock is expected to yield 19.03 percent to hit a target price of N232.11k per unit.
Another stock on the list is Mobil Oil Nigeria, which announced last week that it would release its FY 2018 statements very soon, having had the results already approved by the board. With the company hinting that it would reward shareholders with dividend, the stock is expected to reach a target price of N199.38k per share, indicating a 17.28 percent return when compared with its current price of N170 per unit.
Also on the list is NEM Insurance, which is getting attention of investors in the market lately.
According to Meristem Research, this insurance stock currently trading at N2.40k per share should return 25.83 percent to its holders to hit N3.02k per share.
The final stock to keep an eye on this week is UBA, which is yet to release its 2018 numbers.
There is a high expectation on this stock, especially as regards dividend announcement. This is likely to push the stock 20.52 percent higher this week to reach N9.22k from N7.65k.
Last week, Wema Bank was the best performing stock, rising 11.69 percent to close at 86 kobo per share.
Following were Cutix, which rose by 9.76 percent to N2.25k per share, and Sovereign Trust Insurance, which appreciated by 8.70 percent to 25 kobo per unit.
On the flip side, Mutual Benefits Assurance topped the losers’ chart with 14.81 percent loss to end at 23 kobo per share.
PZ Cussons dropped 13.38 percent to N11.65k, while Veritas Kapital Assurance declined by 12.50 percent to 21 kobo per share.
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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