Economy
UPDC, Zenith Bank, LASACO Shares Witness Heavy Transactions
By Modupe Gbadeyanka
There were heavy transactions around shares of UACN-Property Development Company (UPDC), Zenith Bank and LASACO Assurance on the floor of the Nigerian Stock Exchange (NSE) last week.
Business Post reports that one of the reasons for the activities in UPDC was the transfer of stocks held in the company by UAC Nigeria to Custodian Investment, which is taking control of the real estate company going forward. Also, the interim dividend proposed by the board of Zenith Bank lured investors to trade the lender’s securities.
During the five-day trading week, UPDC, Zenith Bank and LASACO Assurance accounted for 1.2 billion shares worth N3.2 billion in 2,148 deals, contributing 55.61 per cent and 29.60 per cent to the total equity turnover volume and value respectively.
Data from the exchange showed that investors traded a total 2.2 billion shares worth N11.0 billion in 18,013 deals in contrast to a total of 1.1 billion shares valued at N7.4 billion transacted in 16,684 deals the previous week.
It was observed that this time, unlike the previous weeks, the construction/real estate industry led the activity chart with 954.5 million shares valued at N681.4 million traded in 218 deals, contributing 43.21 per cent and 6.22 per cent to the total equity turnover volume and value respectively.
The financial services sector, which used to top the table, was pushed to the second position with 889.9 million shares worth N6.5 billion in 10,107 deals, while the third place was the conglomerates industry, with a turnover of 209.4 million shares worth N580.0 million in 677 deals.
A total of 41 equities appreciated in price during the week, higher than 29 equities in the previous week, while 19 equities depreciated in price, lower than 36 equities in the previous week, with 103 equities remaining unchanged, higher than 98 equities recorded in the previous week.
On the gainers’ chart was led by Royal Exchange, which appreciated by 26.92 per cent to close at 33 kobo per share and was followed by Cornerstone Insurance, which rose by 17.86 per cent to settle at 66 kobo per share.
Union Diagnostic and Clinical Services gained 12.50 per cent to finish at 27 kobo per share, UAC Nigeria appreciated by 10.53 per cent to close at N6.30 per share, while Livestock Feeds gained 10.00 per cent to settle at 66 kobo per share.
On the flip side, The Initiatives was the worst-performing stock, losing 18.57 per cent to settle at 57 kobo per share, while LASACO Assurance trailed with a price depreciation of 16.13 per cent to close at 26 kobo per share.
Tripple Gee and Company declined by 12.00 per cent to settle at 44 kobo per share, C&I Leasing lost 10.00 per cent to end at N3.60 per share, while Academy Press depreciated by 10.00 per cent to finish at 27 kobo per share.
In the week, the All-Share Index (ASI) and market capitalisation appreciated by 1.17 per cent to close at 25,605.64 points and N13.358 trillion respectively. Also, all other indices finished higher with the exception of the ASeM index, which depreciated by 1.63 per cent.
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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