Economy
Weekly Investments in Nigerian Stocks Slump to N5.2bn
By Dipo Olowookere
Investments in Nigerian stocks last week waned N5.2 billion from N10.9 billion achieved in the preceding week. This was caused by the two-day holiday declared by the federal government in the week on Tuesday and Wednesday to mark Eid-el-Kabir.
Business Post reports that the market only opened for business for only three days and this affected the weekly turnover, which slumped to 896.2 million units from the previous week’s 1.0 billion units. Also, the number of deals depreciated last week to 11,714 deals from 17,297 deals.
It was observed that financial equities dominated the activity chart with 718.6 million units worth N3.0 billion traded in 6,223 deals, contributing 80.18 per cent and 57.48 per cent to the total trading volume and value respectively.
Consumer goods shares followed with 46.4 million units worth N948.5 million in 1,856 deals, while conglomerates stocks occupied the third spot with a turnover of 39.8 million units worth N207.1 million in 366 deals.
The analysis also showed that Jaiz Bank Plc, Sterling Bank Plc and Fidelity Bank Plc were the most individual stocks, trading 369.9 million units worth N385.5 million in 785 deals, contributing 41.27 per cent and 7.36 per cent to the total trading volume and value respectively.
On the price movement chart, 43 equities appreciated in price during the week, higher than 29 equities in the previous week, while 16 equities depreciated in price, lower than 22 22 equities in the prior week, with 97 equities remaining unchanged, higher than 95 equities recorded in the preceding week.
Cutix was the best-performing stock for the week with a price appreciation of 32.51 per cent to sell at N4.81. Total Nigeria grew by 20.95 per cent to N203.20, Oando gained 20.67 per cent to trade at N3.97, United Capital appreciated by 13.08 per cent to N7.35, while Unity Bank improved by 12.96 per cent to 61 kobo.
Conversely, Smart Products Nigeria was the worst-performing stock last week as its value went down by 38.46 per cent to trade at 16 kobo.
Sovereign Trust Insurance depreciated by 12.12 per cent to 29 kobo, AIICO Insurance waned by 7.83 per cent to N1.06, Red Star Express declined by 4.76 per cent to N3.20, while Veritas Kapital Assurance dropped 4.00 per cent to 24 kobo.
As for the major market performance indicators, the All-Share Index (ASI) and market capitalisation of the Nigerian Exchange (NGX) Limited appreciated by 1.90 per cent to close the week at 38,667.90 points and N20.147 trillion respectively.
Similarly, all other indices finished higher with the exception of insurance and ASeM indices which depreciated by 0.74 per cent and 0.31 per cent respectively, while the growth index closed flat.
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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