Economy
Neimeth Gives Shareholders 45.20% Weekly Gain
By Modupe Gbadeyanka
Shareholders of Neimeth International Pharmaceuticals were joyous last week as the value of their holdings in the firm grew by 45.20 percent.
The stock has been performing well at the Nigerian Stock Exchange (NSE) lately and for the past three weeks, it has led the weekly gainers’ chart.
At the close of transactions last week, the stock gained 80 kobo to settle at N2.57 per unit, while Royal Exchange, which claimed the second spot on the log, appreciated by 20.00 percent to 24 kobo per unit.
ABC grew by 19.51 percent to sell at 49 kobo per share, Prestige Assurance rose by 18.64 percent to settle at 70 per share, while Linkage Assurance improved by 17.78 percent to finish at 53 kobo per share.
On the flip side, Japaul Oil was the worst performing stock last week, losing 16.67 percent to finish at 25 kobo per share.
Red Star Express depreciated by 13.39 percent to close at N3.30 per share, Mobil Oil declined by 9.96 percent to finish at N192.60 per share, Honeywell Flour lost 9.80 percent to end at 92 kobo per share, while C&I Leasing went down by 9.43 percent to close at N4.80 per share.
In the week, 34 equities appreciated in price, higher than 26 equities in the previous week, while 31 equities depreciated in price, lower than 39 equities in the previous week, with 98 equities closing flat, same as 98 equities recorded in the previous week.
A total of 1.1 billion shares worth N9.9 billion were traded in 16,616 deals in the week by investors in contrast to the 1.5 billion shares valued at N23.6 billion that exchanged hands a week earlier in 22,911 deals.
The financial services industry led the activity chart with 814.3 million shares valued at N7.2 billion traded in 8,352 deals, contributing 73.82 percent and 72.76 percent to the total equity turnover volume and value respectively.
The oil and gas sector followed with 66.8 million shares worth N143.1 million in 1,044deals, while the third place was the consumer goods industry, with a turnover of 57.8 million shares worth N1.0 billion in 2,559 deals.
Trading in Mutual Benefits Assurance, GTBank and FBN Holdings accounted for 485.3 million shares worth N5.1 billion in 2,683 deals, contributing 44.00 percent and 51.11 percent to the total equity turnover volume and value respectively.
Business Post reports that despite the profit taking witnessed during the four-day trading week, the All-Share Index (ASI) and market capitalisation both appreciated by 0.67 percent to close at 25,182.67 points and N13.137 trillion respectively.
All other indices finished higher with the exception of NSE MERI Growth, consumer goods and oil/gas indices which depreciated by 0.07 percent, 0.20 percent and 2.62 percent respectively, while NSE ASeM 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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