Economy
Nigerian Stocks Lose N37b as YtD Gain Drops to 1.79%
By Dipo Olowookere
The last trading session for this week at the local stock exchange ended on a negative note on Thursday as a result of sustained profit-taking by investors.
Business Post reports that the Nigerian Stock Exchange (NSE) fell by 0.27 percent yesterday to reduce the Year-to-Date (YtD) returns to 1.79 percent.
In addition, the All-Share Index (ASI) went down by 103.25 points to close at 38,928.47 points, while the market capitalisation decreased by N37 billion to settle at N14.102 trillion.
It was observed that the Financial Services sector topped the activity chart on Thursday with 261.6 million shares sold for N620 million, while the Consumer Goods industry followed with 24.7 million equities transacted for N529 million.
United Capital Plc emerged the most active stock for the day, trading 101.6 million shares worth N327.7 million.
It was followed by UBA, which sold 66.1 million equities for N720.8 million and Diamond Bank, which exchanged 20.2 million shares valued at N31.6 million.
GTBank transacted 14.2 million shares worth N587.3 million, while Transcorp traded 13.8 million equities valued at N20.5 million.
At the close of business yesterday, investors exchanged a total of 336.6 million shares worth N5.3 billion executed in 3,667 deals compared with the 456.5 million shares transacted the previous day in 3,517 deals valued at N4.1 billion.
This showed that the volume of equities exchanged at the market yesterday depreciated by 26.26 percent, while the total value of trades rose sharply by 26.90 percent.
On the price movement chart, Okomu Oil emerged the biggest price gainer, appreciating by N8.40k to settle at N90.40k per share.
It was trailed by NASCON, which gained 95 kobo to close at N23.95k per share and Stanbic IBTC, which grew by 50 kobo to finish at N49 per share.
Dangote Sugar increased by 40 kobo to end at N19.40k, while Eterna went up by 30 kobo to close at N6.30k per share.
Conversely, Seplat closed the day as the heaviest price faller, going down by N14.10k to settle at N754.90k per share.
It was followed by Nigerian Breweries, which depreciated by N5 to close at N110 per share and Presco, which declined by N1.70k to finish at N72 per share.
International Breweries fell by 45 kobo to end at N41.30k, while Zenith Bank dropped 35 kobo of its share price to close at N26.40k per share.
Business Post reports that trading activities will resume of the floor of the stock exchange next Tuesday as a result of the public holidays declared by the federal government on Friday and Monday in celebration of end of Ramadan by Muslims.
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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