Economy
Weekly Investment in Nigerian Stocks Drops to N9.5bn
By Dipo Olowookere
Investment in Nigerian stocks declined last week to N9.5 billion from N11.5 billion in the preceding week just as the All-Share Index and market capitalisation declined by 0.18 per cent to close at 38,256.95 points and N19.940 trillion respectively.
Data from the Nigerian Exchange (NGX) Limited showed that similarly, all other indices finished lower with the exception of premium, pension, insurance and oil/gas indices, which appreciated by 0.96 per cent, 0.16 per cent, 1.01 per cent and 0.85 per cent respectively, while the ASeM index closed flat.
A total of 1.0 billion shares were traded in 17,577 deals in the week compared with the 1.1 billion shares exchanged in 17,233 deals in the preceding week.
It was observed that financial equities dominated the trading week with 687.6 million units worth N5.659 billion carried out in 9,506 deals, accounting for 66.29 per cent and 59.75 per cent of the total trading volume and value respectively.
Shares in the conglomerates sector recorded a turnover of 106.1 million units valued at N545.0 million in 1,146 deals, while ICT shares accounted for 84.3 million units N350.7 million executed in 604 deals.
Business Post reports that Zenith Bank, GTBank and Fidelity Bank were the most traded equities last week with the sale of 229.5 million units worth N4.3 billion in 3,634 deals, contributing 22.12 per cent and 45.20 per cent to the total trading volume and value respectively.
A total of 32 stocks appreciated in price, higher than 26 stocks in the previous week, while 30 equities depreciated in price, lower than 41 equities in the previous week, with 98 shares closing flat, higher than 93 shares of the earlier week.
Regency Alliance was the best-performing stock with a price appreciation of 44.12 per cent, closing at 49 kobo, followed by Consolidated Hallmark Insurance, which gained 43.14 per cent to sell for 73 kobo.
Royal Exchange improved by 30.65 per cent to 81 kobo, C&I Leasing rose by 19.21 per cent to N4.84, while Vitafoam appreciated by 12.22 per cent to N10.10.
Conversely, ABC Transport was the worst-performing stock with a price decline of 17.07 per cent to settle at 34 kobo, trailed by Academy Press, which lost 15.38 per cent to close at 33 kobo.
Nigerian Enamelware went down by 9.75 per cent to N16.20, FTN Cocoa dropped 9.52 per cent to 38 kobo, while AIICO Insurance declined by 8.66 per cent to N1.16.
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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