Economy
NSE Index Adds 0.17% amid Rising Trading Volume
By Dipo Olowookere
Trading activities on the floor of the Nigerian Stock Exchange (NSE) ended on a positive note on Friday with the major market indicators pointing north at the close of business.
The market, which went down on Thursday by 0.03 percent on profit taking, reversed the negative trend to finish the day 0.17 percent higher.
The All-Share Index (ASI) recorded a growth of 62.44 points to settle at 36,939.59 points, while the market capitalisation increased by N21.6 billion to finish at N12.8 trillion.
In addition, the market breadth ended positive with 21 price gainers and 19 price losers, while the year-to-date return closed the day at 37.45 percent.
Business Post reports that at the close of business on Friday, the volume of equities traded by investors increased by 13.49 percent from 318.148 million to 361.052 million, while the total value of stocks transacted decreased by 6.79 percent from N3.950 billion to N3.682 billion in 4,396 deals.
Live the previous trading day, the Financial Services sector led the activity chart with 303.97 million shares exchanged for N2.267 billion, while the Consumer Goods industry came second with 31.844 million shares traded for N1.271 billion.
FBN Holdings attracted interests from investors, emerging the most traded stock, exchanging a total of 88.7 million shares worth N628.8 million at the market yesterday.
It was closely followed by UBA, which transacted 50.7 million shares valued at N500.4 million, and Diamond Bank, which sold 29.5 million shares for N30.5 million.
FCMB traded 27.4 million shares at the market on Friday at N29.2 million, while AIICO sold 21 million shares worth N11.4 million.
On the price movement chart, Nestle emerged the highest gainer yesterday, adding N40 to its share value to settle at N1290 per share.
It was followed by Flour Mills of Nigeria, which gained N1.78k to close at N35.47k per share, and Lafarge, which grew by N1.45k to end at N51.45k per share.
PZ Cussons rose by N1.30k to finish at N23 per share, while Eterna appreciated by 27k to close at N4.15k per share.
Economy
SEC Postpones Q2 2026 Pre-registration Training, Examination for CMOs
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.
Economy
Fidson Lists Additional 600 million Shares on Stock Exchange
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.”
Economy
FG Approves Payments to 1,240 Contractors to Ease Liquidity Pressure
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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