Economy
UPDC, Transcorp, Jaiz Bank Contribute 81% to Weekly Trading Volume
By Modupe Gbadeyanka
Shares of UAC Property Development Company, Transcorp and Jaiz Bank were busy at the market last week, accounting for 81.22 per cent and 18.50 per cent to the trading volume and value respectively.
A total of 11.4 billion shares worth N35.9 billion were traded in the week in 39,265 deals in contrast to the 4.5 billion equities worth N58.7 billion transacted a week earlier in 47,140 deals.
But the three equities accounted for 9.3 billion units worth N6.6 billion exchanged in 1,958 deals.
By sector, the construction/real estate was the most active, selling 8.5 billion shares valued at N6.1 billion in 438 deals. contributing 74.82 per cent and 16.87 per cent to the total equity turnover volume and value respectively.
It was followed by the financial services, which traded 2.0 billion shares worth N19.9 billion in 21,725 deals, while the conglomerate traded 423.7 million shares worth N526.7 million in 1,962 deals.
In the week, the All-Share Index and market capitalisation depreciated by 2.57 per cent to close at 34,136.82 points and N17.838 trillion respectively.
Similarly, all the other indices finished lower with the exception of insurance, which appreciated by 0.51 per cent while the ASeM index closed flat.
A total of 21 equities appreciated in price during the week, lower than 69 equities in the previous week, while 55 equities depreciated in price, higher than 12 equities in the previous week, with 85 equities closing flat, higher than 80 recorded in the previous week.
BOC Gases was the highest gainer as its stocks rose by 39.88 per cent to close at N6.77 per share. Tripple Gee gained 19.57 per cent to finish at 55 kobo per share, NEM Insurance appreciated by 17.27 per cent to end at N2.58 per share, AIICO Insurance garnered 12,22 per cent to close at N1.01 per share, while Ikeja Hotels gained 10.00 per cent to finish at N1.10 per share.
On the losers’ chart, Coronation Insurance occupied the top spot after declining by 21.15 per cent to finish at 41 kobo per share, Oando lost 19.75 per cent to end at N3.21 per share, Japaul declined by 18.18 per cent to 27 kobo per share, Transcorp depreciated by 13.04 per cent to N1.00 per share, while FBN Holdings depleted by 12.12 per cent to end at N7.25 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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