Economy
Equities Market Lose N234b on Weakened Investors’ Confidence
**As Nestle, Dangote Cement Top Losers’ Chart
By Modupe Gbadeyanka
Transactions on the floor of the Nigerian Stock Exchange (NSE) started the week on a bearish note on Monday with 1.53 percent loss.
This brought to an end the three consecutive bullish sessions recorded at the close last week.
Business Post reports that profit taking by investors as well as poor performance recorded by market heavyweights like Dangote Cement and Nestle dragged the local bourse lower.
Also, weakened investors’ confidence in the market as reflected by the market value, which depreciated by 71.65 percent today, contributed to the bearish performance.
At the close of trading activities today, the year-to-date return depreciated to 9.79 percent with the market breadth closing negative with 16 price gainers and 32 price losers.
The market capitalisation declined on Monday by N233.5 billion to settle at N15.068 trillion, whilst the All-Share Index (ASI) decreased by 650.65 points to finish at 41,988.18 points.
The top losers’ chart was led today by Nestle, which went down by N58.20k to close at N1341.80k per share.
It was followed by Dangote Cement, which depreciated by N8.60k to finish at N251.30k per share, and Nigerian Breweries, which fell by N2.10k to settle at N128.90k per share.
PZ Cussons lost N2 to close at N23 per share, while Nigerian Enamelware dropped N1.15k of its share value to end at N22.10k per share.
On the flip side, International Breweries emerged the biggest price gainer after appreciating by N1.25k to close at N59 per share.
It was trailed by GTBank, which rose by N1 to finish at N47.50k per share, and CCNN, which progressed by 35k to end at N18.50k per share.
Fidson gained 22k to settle at N4.69k per share, while Axa Mansard increased by 13k to close at N2.78k per share.
Business Post reports further that the volume and value of equities transacted by investors on Monday declined by 64.80 percent and 71.65 percent respectively.
A total of 287.2 million shares worth N2.3 billion were sold today in 4,646 deals, compared with 815.9 million shares traded last Friday in 4,808 deals valued at N8.1 billion.
Banking stocks dominated the market on Monday with Skye Bank emerging the most traded stock, exchanging 58 million shares worth N63.2 million.
It was followed by Diamond Bank, which sold 40.3 million units valued at N106.7 million, and FCMB, which traded 35.3 million valued at N89.4 million.
Jaiz Bank traded 19 million shares worth N20.4 million, while Zenith Bank transacted 15.7 million equities for N497 million.
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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