Economy
Stock Market Reaches N50trn Valuation After 2.04% Rise
By Dipo Olowookere
The market capitalisation of the Nigerian Exchange (NGX) Limited increased by 2.04 per cent or N1.006 trillion on Thursday to settle at N50.290 trillion compared with Wednesday’s closing value of N49.284 trillion.
This new milestone was achieved after Customs Street maintained its upswing during the trading session as investors continue to mop up equities across the key sectors of the market, though the financial services counter experienced profit-taking.
Analysis showed that the insurance counter fell by 2.11 per cent and the banking industry depreciated 1.89 per cent, while the industrial goods space grew by 7.83 per cent, the energy index appreciated by 2.69 per cent, and the consumer goods sector improved by 0.87 per cent.
Consequently, the All-Share Index (ASI) went up by 1,833.72 points to close the day at 91,896.97 points compared with the preceding day’s 90,063.25 points.
Business Post reports that investor sentiment, unlike the previous session, was weak, as a result of a negative market breadth index after there were 33 price gainers and 42 price losers.
Conoil, John Holt, Unity Bank, NEM Insurance, and Eterna gained 10.00 per cent each to sell at N112.20, N2.53, N3.30, N8.25, and N20.90.
Conversely, Ikeja Hotel shed 9.79 per cent to trade at N8.11, Royal Exchange lost 9.78 per cent to quote at 83 Kobo, Mutual Benefits depreciated by 9.57 per cent to 85 Kobo, Linkage Assurance fell by 9.40 per cent to N1.35, and Japaul dropped 9.33 per cent to N2.43.
A total of 1.1 billion stocks valued at N19.3 billion were transacted in 17,804 deals yesterday compared with the 1.3 billion stocks worth N16.4 billion traded in 17,471 deals, indicating a decline in the trading volume by 15.39 per cent, and a rise in the trading value and the number of deals by 17.68 per cent, and 1.91 per cent, respectively.
Transcorp kept the top spot on the activity chart on Thursday after it sold 156.6 million equities for N3.0 billion, followed by Universal Insurance with 114.6 million shares valued at N55.6 million. Veritas Kapital traded 69.4 million stocks worth N47.3 million, Jaiz Bank exchanged 65.9 million shares worth N243.9 million, and GTCO transacted 63.4 million equities valued at N2.9 billion.
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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