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Saturday, 30 May 2026

It's a waste of time to plan a coup in Nigeria, says the defence minister.

It's a waste of time to plan a coup in Nigeria, says the defence minister.

 Insisting that democracy is still far superior than military power, Nigeria's Minister of Defense, Christopher Musa, has said that any attempt to launch a coup would be pointless.

According to the minister, officers who were allegedly planning to topple President Bola Tinubu's administration lacked support and would have faced opposition from regular Nigerians in the absence of military action.

In an interview with Arise News on Friday, Musa discussed the impending court martial of officers suspected of being involved in the purported October 2025 coup plot.

He declared, "Anyone who plans a coup is wasting his time." "Any military regime is substantially inferior than democracy. This is a chance to demonstrate to the younger ones that a coup is unprofitable. The minister called the alleged plotters "confused individuals" who tricked subordinate officers into getting into trouble. 

"When I looked at the folks involved, I shook my head because they were just a bunch of confused people who exposed extremely junior officers who didn't know their left from their right and now put them in this situation. It's very regrettable," he remarked.

He said that if the accused plotters had tried to carry out their schemes, even citizens would have confronted them.

They would have been defeated even by Nigerian people. Therefore, I believe that doing what they wanted to do was plain careless," he continued.

"The military leadership always felt saddened whenever personnel found themselves in such situations," Musa said, expressing sympathy for the junior officers on trial.

In an interview with Arise News on Friday, Musa discussed the impending court martial of officers suspected of being involved in the purported October 2025 coup plot.

The minister stated that the accused cops were being given a fair chance to defend themselves and that due process was being followed in the current case.

"The inquiry was extremely comprehensive. The court martial will proceed as scheduled, and the prosecution is now proceeding. We are providing them with every advantage they need to protect themselves.

However, the reality on the ground is really evident, and I can assure you that we are according to every procedure. Nothing is concealed, he declared.

Additionally, the minister insisted that there was no reason for a coup attempt, claiming that the current administration had provided sufficient support for the military services.

"They had no justification for acting in that way. Everything in the country was going great. The military has received excellent attention. Our salaries have never caused us any problems.

"We've even tried to raise our allowances. "Our troops are doing pretty well," he continued.

NGX Price Summary Compilation For the Month of May by Emon Vision

 

NGX Price Summary Compilation For the Month of May by Emon Vision

Fidelity Bank grows gross earnings by 38% to N434.95 billion in Q1

Fidelity Bank records N92.4 billion Q1 2026 profit

Fidson to allot all N21 billion Rights Issue shares as offer closes oversubscribed

Signature Bank reports stronger 2025 performance as profit rises to ₦3.59bn

Tantalizers signs MoU with Karflex Fisheries to acquire 24 fish trawlers, other assets

Tantalizers Plc uses a fully subscribed private placement to obtain N1.07 billion.

NIGERIA'S STOCK PRICE SUMMARY FOR THE MONTH OF MAY 2026

STOCK TICKER MAY 15
ENDED PRICE
MAY 22
ENDED PRICE(N)
MAY 29
ENDED PRICE
CHANGE Dividend links
Abbey Mortgage Bnk Plc ABBEY 7.30 7.05 6.35
Access Holding ACCESSCORP 25.75 24.95 24.05
Aiico Insurance Plc AIICO 4.64 4.50
Academy Press .. ACADEMY 7.05 9.15 9.15
African Prudential Plc AFRICAN PRUDENTIAL 13.95 13.35
Airtel Africa AIRTELAFRI 3,655.7
Aluminium Extrusion... ALEX 9.00 9.90 9.90
Aradel Holdings ARADEL 1,834.00 1,836.00 1,933.80
Associated Bus Com... ABCTRANS 6.27 9.08 8.25
Austin Laz & Company plc AUSTINLAZ 3.96
Axamansard Insurance Plc MANSARD 13.65 13.50
BUA Cement BUACEMENT 435.00 420.00 420.00
BUA Foods BUAFOODS 967.00 967.00 967.00
Berger Paints BERGER 168.60 147.95 147.60
BETA Glass BETA GLASS 570 570
Cadbury Nigerian Plc CADBURY 69.00 69.00
CAP Plc CAP 179.1
CHAMS CHAMS 4.00 3.95 4.01
Caverton Offshore Support Group CAVERTON 6.75 6.45
C & I Leasing PLC CAVERTON 6.60 6.10
Champion Brew CHAMPIO 14.55 13.85 13.05
Computer Warehouse Gro.. CWG 24.800 23.000 24.000
CONOIL PLC CONOIL 194
Coronation Infastructure Fund CNIF 110.00 110.00
Chemical And Allied... CAP 233.70 199.00 179.10
Corner Stone Insurance co. CORNERSTONE 5.85 5.90
Consolidated Hallmark Holdings CONHALL PLC 5.85 6.25
Curtix plc Curtix 3.19 3.10
Custodian & Allied Plc Curtix 83
Dangote Sugar Refineries DANGSUG 91.00 87.00 71.15
Dangote Cement DANGCEM 1,180.00 1,180.00 1,180.00
Daar Communications PLC DAARCOM 2.25 2.09 1.95
Deap Capital Management & Trust DEAPCAP 5.68
Ella Lakes ELLAHLA 10.95 10.05 10.05
ETERNA Plc ETERNA 34.35 34.45
Eunisell Interlink plc EUNISELL 209.95 209.95
Nigerian Enamel Ware Company EENAMELWARE 37.00 37.95 37.00
E-Tranzact International PLC E-TRANZACT 17.10 18.00
First HoldCo FIRSTHOLD 70.00 70.00 70.00
FCMB Group PLC FCMB 11.55 11.70
FTN Cocoa Process... FTNCOCO 8.90 9.90 8.95
Fortis Global Insurance Plc FTGINSURE 1.08 1.00
Fidelity Bank Plc FIDELTYBK 42.12 42.12 21.20
Fidson FIDSON 136.50 136.50 136.50
GEREGU Power Plc GEREGU 1,132.00 1,132.50
Golden Guinea Brew. Plc FIDSON 7.1
Guaranty Trust Holdings GTCO 146.80 145.00 137.00
Guinness Nigeria Plc GUINNES 402.60 402.60 402.60
Haldane McCall HMCALL 3.60 3.84
Honey Well Flour Mills HONEYWELL 18.15 18.20
Initiate Plc TIP 32.30 33.80 28.40
Industrial & Medical Gases IMG 42.30 38.10 38.10
IKEJA Hotel Plc IKEJA 38.00 40.20
Infinity Trust Mortgage Bank INFINITY 9.35 9.35
International Breweries Plc INTBREW 12.65
International Energy Insurance INTENEG 2.79 3.41 4.52
Jaiz Bank JAIZBANK 9.00 8.97 9.10
John Holt Plc JOHN HOLT 18.80 16.95
Japaul Gold Ventures JAPAULGOLD 3.34 3.82 3.75
Juli Plc JULI 7.25 7.25
Julius Berger JBERGER 315.00 315.00 315.00
Lafarge Africa WAPCO 337.00 342.00 342.00
Lasaco Assurance Plc LASACO 2.08
Learn Africa Plc LEARNAFRCA 10.85 12.90 12.75
Legend Internet Plc Legend 6.12 6.06
Livestock Feeds LFL 9.80 8.90 9.35
Living Trust Mortgage Bank LIVINGTRUST 4.07 4.01
Linkage Trust Assurance Plc LINKAGE 1.73 1.78
MTN Nigeria MTN 820.00 820.00 820.00
Maybaker MAYBAKER 47.30 50.00 46.70
Morison Industrial PLC MORISON 10.62 10.62
Mutual Benefit Assurance MBENEFI 4.30 4.70 4.39
Mecure Industries PLC MECURE 94.90 94.90 94.90
Mc Nichols plc MCNICHOLS 8.00 8.70
Meyer Plc MEYER 20.60 20.60
Multiverse Plc MULTIVERSE 25.65
National salt co. Nig. ltd NASCON 220.00 210.00 220
New mont corp NEM 30.00 30.00 32.90 1.50/per share
NEIMETH International Pharmaceutical NEIMETH 10.30 10.20
Nigerian Exchange NGXGROUP 149.50 149.50
Nigerian Breweries NB 86.95 86.00 83.60
Nestle Nigeria NESTLE 3,125.00 3,125.00 3,125.00
Nigerian aviation handling ..hco NAHCO 205.00 201.900 189.50
Nothern Nigerian Flour Mills N.NIGERIAN FLOUR 79.40 79.40
NPF Microfinance Bank NPFMCRF 5.76 5.76 5.74
NCR (Nigeria) PLC NCR 179.00 161.20 161.20
Oando OANDO 52.50 51.00
Okomu Oil Palm OKOMUOI 1,750.00 1,750.00
Omatek Ventures Plc OMATEK 1.90 1.99
Premier Paints plc PREMIER PAINTS 37.50 33.75
Presco PLC PRESCO 2,300.00 2,300.00 2,300.00
Prestige Assurance.. PRESTIGE 1.50 1.55 1.56
PZ Cussons Nigeria PZ 102.00 98.00
Redstarex REDSTAR 31.90 34.95 34.00
Regency Alliance Insurance REDSTAR 1.01
RT Briscoe 14.06 13.65
Royal Exchange 1.48 1.50
Sterling Financial STERLINGNG 7.90 7.90
SCOA Plc SCOA 33.05 33.05 33.05
Secure Electronic Technology SET 0.87 0.88 0.86
Seplat Petroleum SEPLAT 11,486.20 11,486.20 N113/Per share
Sky Way Aviation Handling CO SKYAVN 156.95 156.95
STANBIC IBTC Holdings.. IBTC 163.00 174.50 169.35
Soveriegn Trust Insurance plc SOVERIEGN TRUST 2.28 2.75
SFS Real Estate Investment Trust SFSREIT 418.17 418.80
Sunnu Assurance Ltd SUNNU 4.52 4.44
STERLING Financials Holding STERLING FINANCIAL 7.90 7.90
Transnational Corperation of Nigeria TRANSCORP 47.750 46.00
Trans Nationwide Express TRANS EXPRESS 5.72 5.28
Transcorp Hotels plc TRANSCOHOT 223.30
Transcorp Power Plc TRANSCOP POWER 272.00 245.50
Tantalizer TANTALIZER 4.38 4.13 4.89 Tantalizers signs MoU with Karflex Fisheries.....
Total Energies Marketing Nigeria plc TOTAL 640.00 640.00
Tripple Gee and Company Ltd TRIPPLE GEE 3.96 3.98
UBA UBA 45.00 44.50
UH Investment Trust UHOMREIT 84.70 84.70
United Capital UCAP 18.50 18.65
Unilever Nigeria UNILEVE 168.00 156.00
Union Dicon Salt PLC UNION DICON 21.70 23.75
United Capital Plc UNITED CAPITAL 18.50 18.65
UAC Of Nigeria UACN 189.95 183.00
University Press Plc 6.40 6.15
Universal Insurance Plc UNIVERSAL 1.08 1.12
Unity Bank plc UNITYBNK 1.51
UPDC Real Estate
Investment Trust
UPDC 10.70 10.15 4.40
Veritas Kapital Insurance PLC VERITAS 1.67 1.65
VFD Group PLC VFDGROUP 9.95 10.80
Vitafoam Nig VITAFOAM 194.00 194.00
Wema Bank WEMABANK 33.40 33.50
Zenith Bank ZENITHB 132.00 131.10
Zichis Agro Allied ZICHIS 29.43 33.65 33.00