Economy
Zenith Bank, GTBank, First Bank Shares Attract Investors
By Modupe Gbadeyanka
Last week, investors put special interest in the shares of Zenith Bank, GTBank and FBN Holdings at the Nigerian Stock Exchange (NSE).
This made the three equities contribute 49.18 percent and 57.71 percent to the total equity turnover volume and value respectively in the 5-day trading sessions of the week.
The three stocks cumulatively accounted for 713.8 million shares worth N8.6 billion traded in 8,608 deals.
According to data obtained by Business Post from the exchange, last week, the market recorded a total turnover of 1.5 billion shares worth N14.9 billion executed in 21,828 deals.
A week earlier, traders at the market had exchanged 2.8 billion shares valued at N32.6 billion in 31,715 deals.
A breakdown of the trades showed that the financial services sector led the activity chart with 1.2 billion shares valued at N10.6 billion traded in 14,944 deals, contributing 84.32 percent and 70.99 percent to the total equity turnover volume and value respectively.
The conglomerates sector followed with 50.3 million shares worth N61.5 million in 442 deals, while the consumer goods industry traded 47.3 million shares worth N2.5 billion in 2,225 deals.
In the week, 34 equities appreciated in price, lower than 35 in the previous week, while 30 equities depreciated in price, higher than 27 equities in the previous week, with 99 equities remaining unchanged, lower than 101 equities recorded in the preceding week.
Wapic Insurance was the best performing stocks during the trading week, rising by 23.81 percent to settle at 26 kobo per share.
Cutix gained 20.69 percent to close at N1.40 per share, Morison Industries appreciated by 20.00 percent to settle at 60 kobo per share, Neimeth rose by 20.00 percent to close at 48 kobo per share, while CAP chalked up 18.97 percent to settle at N23.20 per share.
The worst performing stock in the week was Nigerian Breweries. Share price of the company dropped 15.00 percent to close at N25.50 per share.
Africa Prudential lost 11.17 percent to settle at N3.42 per share, Total Nigeria depreciated by 10.00 percent to close at N96.30 per share, Caverton declined by 10.00 percent to settle at N2.25 percent, while Dangote Sugar fell by 10.00 percent to close at N9 per share.
When market activities wrapped up last Friday, the All-Share Index and market capitalisation depreciated for the week by 1.52 percent and 1.51 percent to 21,861.78 points and N11.393 trillion respectively.
All other indices finished lower with the exception of NSE Banking, NSE Insurance, NSE-AFR Bank Value and NSE MERI Value which appreciated by 2.06 percent, 3.25 percent, 3.47 percent and 2.93 percent, while NSE ASeM 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.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn