Economy
Nigerian Stocks Gain 0.11% Despite 1.50% Interest Rate Hike
By Dipo Olowookere
Nigerian stocks shrugged off an increase in the interest rate by 150 basis points to 26.25 per cent by the Central Bank of Nigeria (CBN) on Tuesday at its Monetary Policy Committee (MPC) meeting.
The Nigerian Exchange (NGX) Limited reacted positively to this and appreciated by 0.11 per cent during the session, buoyed by the 0.79 per cent growth posted by the consumer goods sector and the 0.16 per cent rise recorded by the banking index.
The duo suppressed the 0.38 per cent loss reported by the insurance counter, as the energy and industrial goods sectors closed flat at the close of business.
When trading activities ended for the session, the All-Share Index (ASI) was up by 107.45 points to 98,285.33 points from 98,177.88 points, and the market capitalisation gained N61 billion to settle at N55.598 trillion compared with Monday’s closing value of N55.537 trillion.
Business Post reports that Customs Street was relatively quiet on Tuesday as investors kept an eye on the MPC outcome, resulting in the cautious trading.
A total of 222.9 million stocks worth N5.2 billion exchanged hands in 7,228 deals during the session compared with the 405.7 million stocks worth N6.7 billion transacted in 8,439 deals in the preceding day, representing a decline in the trading volume, value, and the number of deals by 45.06 per cent, 22.39 per cent, and 14.35 per cent, respectively.
GTCO sat on top of the activity table yesterday after transacting 40.6 million shares valued at N1.6 billion, Access Holdings traded 27.5 million equities worth N469.1 million, UBA sold 24.0 million stocks for N502.4 million, Transcorp exchanged 22.8 million shares for N260.7 million, and Jaiz Bank traded 11.6 million stocks valued at N24.3 million.
Berger Paints topped the gainers’ chart on Tuesday after chalking up 9.96 per cent to close at N14.90, Nestle Nigeria improved by 9.76 per cent to N900.00, Sovereign Trust Insurance rose by 8.11 per cent to 40 Kobo, Royal Exchange jumped by 7.14 per cent to 60 Kobo, and Tantalizers grew by 6.38 per cent to 50 Kobo.
On the flip side, International Energy Insurance lost 9.70 per cent to trade at N1.49, Deap Capital plunged by 8.33 per cent to 44 Kobo, UPDC shrank by 7.69 per cent to N1.20, Coronation Insurance fell by 7.25 per cent to 64 Kobo, and Sterling Holdings moderated by 6.25 per cent to N4.20.
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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