Economy
Nigerian Stocks Post 7.19% Weekly Growth
By Modupe Gbadeyanka
Equities on the Nigerian Stock Exchange (NSE) appreciated by 7.19 percent last week amid bargain hunting by investors at the market.
The All-Share Index (ASI) increased in the week 22,921.59 points, while the market capitalisation rose to N11.946 trillion. Except the ASem index, which closed flat, all other indices finished higher.
In the four-day trading session, the transaction volume reduced to 1.5 billion equities from 2.4 billion shares, while the transaction value decreased to N12.9 billion from N19.9 billion, with the number of deals rising to 20,982 from 18,918.
Business Post’s analysis of the trading activities showed that financial stocks were the volume driver, recording 1.2 billion units worth N8.4 billion, thus contributing 82.82 percent and 65.33 percent to the total equity turnover volume and value respectively.
Equities in the healthcare industry traded 73.0 million units valued at N386.1 million in 465 deals, while shares in the consumer goods sector traded 48.6 million units worth N1.9 billion in 2,611 deals.
According to the NSE, Omoluabi Mortgage Bank, FBN Holdings and Zenith Bank accounted for 755.1 million shares worth N4.6 billion in 5,758deals, contributing 50.50 percent and 35.56 percent to the total equity turnover volume and value respectively.
A total of 37 equities appreciated in price during the week, higher than 35 equities in the previous week, while 21 equities depreciated in price, higher than 18 equities in the previous week, with 105 equities remaining unchanged, lower than 110 equities recorded in the preceding week.
Nigerian Breweries was the best performing stock, rising by 45.72 percent to close at N32.35 per share. Conoil gained 32.32 percent to close at N17.40 per share, Champion Breweries grew by 20.00 percent to finish at 96 per share, May & Baker rose by 18.64 percent to close at N2.61 per share, while Nestle Nigeria appreciated by 16.48 percent to finish at N967.00 per share.
On the flip side, NAHCO ended the week as the worst performing equity, depreciating by 11.25 percent to close at N2.13 per share. Ardova lost 10.22 percent to close at N10.10, Arbico fell by 9.82 percent to finish at N2.57 per share, John Hold declined by 8.93 percent to finish at 51 per share, while Cadbury Nigeria decreased by 8.70 percent to settle at N6.30 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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