Economy
Nigerian Stocks Rebound by 0.62% as Investor Sentiment Recovers
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited rebounded by 0.62 per cent on Friday after four days in the bears’ territory as a result of sustained selling pressure.
However, an improvement in investor confidence in Nigerian stocks triggered the growth reported on the last trading session of the week.
Business Post reports that investor sentiment turned bullish yesterday after the bourse finished with 39 appreciating stocks and 26 depreciating stocks, indicating a positive market breadth index.
May & Baker was the best-performing equity after it jumped by 10.00 per cent to N7.04, Geregu Power expanded by 9.92 per cent to N675.90, Meyer rose by 9.86 per cent to N6.91, Veritas Kapital gained 9.84 per cent to sell at 67 Kobo, and Juli increased by 9.78 per cent to N1.01.
On the flip side, Eterna ended as the worst-performing stock after it lost 9.80 per cent to trade at N17.95, Industrial and Medical Gases declined by 9.38 per cent to N13.05, DAAR Communications retreated by 9.21 per cent to 69 Kobo, Neimeth went down by 9.09 per cent to N1.80, and Unity Bank depreciated by 8.33 per cent to N2.31.
During the session, investors traded 321.9 million shares worth N7.4 billion in 8,925 deals compared with the 478.4 million shares worth N7.2 billion traded in 10,957 deals on Thursday, representing a rise in the value of transactions by 2.78 per cent, a decline in the volume of transactions and the number of deals by 32.71 per cent and 18.55 per cent, respectively.
Transcorp ended the day as the most traded stock with a turnover of 33.3 million units valued at N439.0 million, Universal Insurance transacted 21.3 million units worth N7.8 million, Ecobank exchanged 18.8 million units valued at N486.0 million, UBA traded 17.6 million units valued at N448.5 million, and Access Holdings sold 16.2 million units for N408.1 million.
It was observed that the five major sectors of the NGX closed in the green territory of Friday, with the insurance space rising by 2.69 per cent.
The banking index appreciated by 1.34 per cent, the consumer goods counter improved by 0.72 per cent, the energy sector jumped by 0.09 per cent, and the industrial goods sector increased by 0.02 per cent.
At the close of business, the All-Share Index (ASI) went up by 690.95 points to 101,858.37 points from 101,227.42 points, and the market capitalisation advanced by N345 billion to N55.735 trillion from N55.390 trillion.
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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