Economy
Domestic Stock Market Maintains Upward Movement, Gains 2.03%
By Dipo Olowookere
Investors are gradually building confidence in the domestic stock market again after enduring days of consistent negative trading due to macroeconomic issues like inflation and foreign exchange (FX) scarcity, among others.
On Thursday, the Nigerian Exchange (NGX) Limited further expanded by 2.03 per cent on the back of renewed bargain hunting, especially in the financial and consumer goods sectors.
Data showed that only the industrial goods space lost yesterday as it fell marginally by 0.01 per cent. The consumer goods, energy, insurance and banking counters improved by 0.76 per cent, 0.65 per cent, 0.35 per cent and 0.19 per cent respectively.
The positive performances of these sectors pushed the All-Share Index (ASI) higher by 986.63 points during the session to 49,661.87 points from 48,675.24 points. Also, the market capitalisation increased by N532 billion to close at N26.786 trillion in contrast to the midweek’s value of N26.254 trillion.
Business Post reports that investor sentiment was good on Thursday as the market breadth finished positive with 11 price decliners and 18 price advancers led by CWG, which chalked up 10.00 per cent to trade at 99 Kobo.
Learn Africa stretched by 9.78 per cent to N2.47, Caverton rose by 9.52 per cent to N1.15, Multiverse also climbed higher by 9.52 per cent to N2.30, while Chams expanded by 8.00 per cent to 27 Kobo.
However, the price of Mutual Benefits retreated by 9.68 per cent to 28 Kobo, Honeywell Flour moderated by 8.42 per cent to N2.72, Flour Mills shrank by 7.06 per cent to N27.00, Unity Bank contracted by 4.76 per cent to 40 Kobo, while FCMB withered by 3.51 per cent to N3.02.
Unlike the preceding session, the trading volume improved yesterday by 35.15 per cent, while the trading value and the number of trades waned by 18.08 per cent and 6.29 per cent apiece.
A total of 226.5 million stocks worth N2.8 billion were transacted in 3,515 deals on Thursday in contrast to the 167.2 million stocks worth N3.4 billion transacted in 3,751 deals on Wednesday.
Analysis revealed that Mutual Benefits recorded the highest trading volume with the sale of 74.5 million shares valued at N22.8 million. FBN Holdings transacted 23.4 million equities worth N251.9 million, Access Holdings exchanged 15.9 million stocks for N130.2 million, UBA sold 15.3 million equities worth N107.1 million, while NEM Insurance traded 13.5 million shares for N62.1 million.
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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