Economy
N23bn Stocks Exchange Hands in 21,156 Deals in One Week
By Modupe Gbadeyanka
Last week, 1.2 billion shares worth N22.8 billion were transacted on the floor of the Nigerian Stock Exchange (NSE) in 21,156 deals compared with the 2.1 billion stocks valued at N26.5 billion that exchanged hands the previous week in 24,262 deals.
A breakdown showed that equities in the financial services industry dominated trading with 837.5 million units worth N10.5 billion executed in 12,041 deals, contributing 67.69 percent and 46.17 percent to the total equity turnover volume and value respectively.
It was also observed that shares in the industrial goods sector followed with 154.5 million units worth N3.0 billion in 2,862 deals, while stocks in the ICT industry transacted 52.7 million units valued at N1.3 billion carried out in 709 deals.
From these transactions, Access Bank, Zenith Bank and Guaranty Trust Bank (GTBank) accounted for 421.8 million shares worth N8.8 billion in 5,886 deals, contributing 34.10 percent and 38.52 percent to the total equity turnover volume and value respectively.
In the week, 32 equities appreciated in price, higher than 21 equities in the previous week, while 28 stocks depreciated in price, lower than 42 equities in the previous week, with 103 equities closing flat, higher than 100 shares recorded in the preceding week.
Law Union and Rock Insurance led the gainers’ chart after appreciating by 38 percent to close at 69 kobo per share, while Honeywell Flour Mill rose by 14.56 percent to settle at N1.18 per share, with NEM Insurance growing by 12.24 percent to finish at N2.20 per share.
On the flip side, NCR Nigeria led the losers’ chart after depreciating by 18.27 percent to close at N3.31 per share, while Eterna dropped 12.50 percent to close at N3.15 per share, with Arbico losing 9.97 percent to close at N3.16 per share.
Business Post reports that the All-Share Index (ASI) and market capitalisation both posted a weekly growth of 0.03 percent to close at 29,628.84 points and N15.262 trillion respectively.
All other indices finished lower with the exception of NSE Premium, NSE Pension, NSE Insurance, NSE Oil/Gas, NSE Lotus ll and NSE Industrial Goods index, which appreciated by 0.61 percent, 0.65 percent, 3.05 percent, 2.54 percent, 0.02 percent, and 5.10 percent respectively, while NSE 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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