Economy
Market Records Turnover of 1.3bn Shares Worth N13.9bn
By Modupe Gbadeyanka
A total turnover of 1.290 billion shares worth N13.873 billion were traded in 17,307 deals last week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 1.752 billion equities valued at N19.681 billion exchanged the previous week in 22,319 deals.
A breakdown of these trades showed that the financial stocks led the activity chart by volume with 1.084 billion units sold for N11.612 billion in 11,169 deals, contributing 84.06 percent and 83.70 percent to the total equity turnover volume and value respectively.
Data from the NSE showed that the equities in the conglomerates sector followed with 57.699 million shares worth N93.347 million in 810 deals, while the third place was taken by shares in the consumer goods space with a turnover of 56.938 million units valued at N938.881 million execute in 2,627 deals.
Trading in the top three equities; Zenith Bank, Diamond Bank and FBN Holdings, measured by volume, accounted for 460.632 million shares worth N5.754 billion in 4,087 deals, contributing 35.70 percent and 41.47 percent to the total equity turnover volume and value respectively.
During the week, 24 equities appreciated in price, lower than 26 in the previous week, while 37 counters depreciated in price, lower than 38 equities of the previous week, with 107 stocks remaining unchanged higher than 104 equities recorded in the preceding week.
An analysis of the major market indices indicated that the All-Share Index and market capitalisation appreciated by 0.31 percent to close at 31,924.51 points and N11.905 trillion respectively.
Similarly, all other indices finished higher with the exception of the NSE Insurance, NSE Consumer Goods, NSE Oil/Gas, NSE Lotus II and NSE Industrial Goods indices which depreciated by 1.30 percent, 1.02 percent, 2.56 percent, 1.09 percent and1.72 percent respectively.
Also traded during the week were a total of 2,971 units of Exchange Traded Products (ETPs) valued at N766,883.30 executed in 7 deals compared with a total of 101,254 units valued at N577,835.06 that was transacted a week earlier in 19 deals.
In addition, a total of 15,496 units of Federal Government Bonds valued at N15.750 million were traded in the week in 12 deals compared with a total of 25,740 units valued at N26,597 million transacted the previous week in 22 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.
-
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