Economy
NSE Weekly Report: Market Capitalisation Falls By 0.93%
By Modupe Gbadeyanka
A turnover of 873.838 million shares worth N8.024 billion in 15,944 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 678.710 million shares valued at N6.875 billion that exchanged hands last week in 11,808 deals.
Extracts from the NSE weekly report revealed that the Financial Services Industry (measured by volume) led the activity chart with 654.180 million shares valued at N2.837 billion traded in 9,835 deals; thus contributing 74.86% and 35.36% to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 74.722 million shares worth N4.141 billion in 2,367 deals.
The third place was occupied by the Conglomerates Industry with a turnover of 61.617 million shares worth N93.366 million in 666 deals.
It was disclosed that the All-Share Index and Market Capitalization depreciated by 1.15 percent and 0.93 percent to close the week at 26,981.60 and N9.288 trillion respectively.
Similarly, all other Indices finished lower during the week with the exception of the NSE Insurance, NSE Lotus II and NSE Industrial Goods Indices that depreciated by 1.29 percent, 2.11 percent and 2.98 percent respectively while the NSE ASeM Index closed flat.
Trading in the Top Three Equities namely – Sterling Bank Plc, FCMB Group Plc and Transnational
Corporation of Nigeria Plc (measured by volume) accounted for 250.205 million shares worth N237.138 million in 3,654 deals, contributing 28.63 percent and 2.96 percent to the total equity turnover volume and value respectively.
Data also obtained from the report by Business Post revealed that during the week under review, a total of 56,688 units of Exchange Traded Products (ETPs) valued at N817,310 were executed in 31 deals, compared with a total of 5.079 million units valued at N49.828 million transacted last week in 57 deals.
Also, a total of 13,020 units of Federal Government Bonds valued at N12.953 million were traded in 14 deals compared to 4,100 units valued at N4.287 million transacted last week in 3 deals.
The report also pointed out that 24 equities appreciated in price during the week, higher than 21 equities of the previous week, while 37 equities depreciated in price, lower than 41 equities of the previous week and 120 equities remained unchanged higher than 118 equities recorded in the preceding week.
During the week too, a total of 413,175,709 ordinary shares were added to the outstanding shares of
Lafarge Africa Plc. The shares arose from the acquisition of indirect 50 percent shareholding of United Cement Company Ltd. By this action, the total outstanding shares of the company now stood at 5,423,567,700.
The top five gainers for the week are Learn Africa Pls, Airline Services, Okomu Oil, MRS and Dangote, while the top losers are Oando, University Press, UACN, Ashaka Cement and Meryer Plc.
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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