Economy
Sell-offs Across Sectors Weaken NSE Index Further by 0.26%
By Dipo Olowookere
The Nigerian Stock Exchange (NSE) further depreciated on Wednesday amid sell-offs on many counters across different sectors of the market.
The equity market suffered a 0.26 percent loss at the close of trading today, pulling back the year-to-date returns to 6.55 percent.
For the market indices today, the All-Share Index (ASI) decreased by 105.78 points to settle at 40,749.86 points, while the market capitalisation reduced by N38.2 billion to close for the day at N14.720 trillion.
The NSEIND and NSEOILG5 were the only sector indices which traded positive, with gains of 0.59 percent and 0.07 percent respectively.
However, the NSEBNK10 declined the most with a loss of 0.92 percent, followed by the NSEFBT10, 0.26 percent; and the NSEINS10, 0.63 percent.
Business Post reports that outcome of the first Monetary Policy Committee (MPC) meeting of year did not sway the direction of the market.
The committee, as anticipated by various observers, did not cut the Monetary Policy Rate (MPR), but left at the current level of 14 percent.
According to Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, this was an unanimous decision of members of the committee.
Back to the stock market, the market breadth finished negative today with the market recording 18 price gainers and 27 price losers.
However, the market participation improved slightly with the volume of equities transacted improving by 9.76 percent, while the value rose by 8 percent.
A total of 401.4 million shares were traded on Wednesday in 5,370 deals worth N6.8 billion compared with the 365.7 million equities worth N6.3 billion exchanged on Tuesday in 4,173 deals
The most active stock of the day was FBN Holdings, which sold 70.8 million units worth N863.6 million.
It was followed by Zenith Bank, which traded 61.2 million equities for N1.7 billion, and Fidelity Bank, which exchanged 43.7 million shares valued at N109.8 million.
Access Bank traded 28.9 million equities valued at N332.4 million, while GTBank transacted 22.9 million shares for N992.4 million.
On the price movement chart, Forte Oil emerged the biggest price gainer after adding N1.10k to its share value to settle at N41.90k per share.
It was trailed by Stanbic IBTC, which rose by N1 to finish at N49 per share, and GTBank, which advanced by 90k to close at N44.30k per share.
Lafarge went up by 55k to end at N44 per share, while Access Bank also rose by 55k to settle at N11.80k per share.
On the flip side, Mobil Oil Nigeria emerged the heaviest price loser after going down by N2 to close at N183 per share.
Dangote Flour lost N1.45k to finish at N13.75k per share, while Ecobank went down by 65k to settle at N16.35k per share.
Flour Mills depreciated by 50k to end at N36.80k per share, while NASCON also fell by 50k to close at N21 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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