Economy
Blue Chip Stocks Raise Nigerian Stocks Value by 1.41%
By Modupe Gbadeyanka
Trading on the Nigerian Stock Exchange (NSE) kicked off for the new week on a very bright note, closing 1.41 percent higher today.
Blue-chop stocks like Total, Nestle and others performed well at the stock market on Monday to raise its value by N176 billion at the close of business.
Business Post reports that while the All Share Index (ASI) closed at 36,831.93 against the previous close of 36,320.93, the market capitalization ended at N12.678 trillion against N12.502 trillion it ended last Friday.
However, the positive mood did not extend to the volume and value of shares traded today by investors as the volume traded fell by 28.58 percent from 367.068 million to 262.167 million, while the total value of stock transacted declined by 19.97 percent from N3.743 billion to N2.996 billion in 4,283 deals.
But the Financial Services industry led the activity chart with 217.606 million shares worth N1.624 billion traded by investors, while the Consumer Goods sector followed with a total of 16.092 million shares exchanged at N997 million.
Diamond Bank emerged the most traded equity on the floor of the NSE on Monday, trading 76.3 million shares worth N80.3 million.
It was trailed by Access Bank, which transacted 28 million units at N275.7 million, and Zenith Bank, which exchanged 23.7 million shares valued at N595 million.
Furthermore, FBN Holdings traded 15.7 million shares at N95.3 million, while Transcorp moved 13.4 million shares worth N18 million.
On the price movement chart, Total Plc gained N12 to lead the gainers’ log, closing at N253 per share.
Nestle, which came second, advanced by N7.5k to settle at N1230.6 per share.
Dangote Cement rose by N6.39k to finish at N224 per share, International Breweries saw its share price growing by N1.90k to end at N39.90k per share, while GTBank chalked up N1.32k to expand to N42.2k per share.
On the flip side, Lafarge deflated by 42k to close at N56.89k per share, while Cadbury fell 33k to end at N10 per share.
PZ Cussons lost 31k to finish at N23.24k per share, Dangote Sugar declined by 18k to settle at N13.80k per share, and Presco decreased by 17k to wrap the day at N67.83k per share.
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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