Economy
Nigerian Stock Market Remains Under Water, Down 0.45%
By Dipo Olowookere
Trading activities on the floor of the Nigerian Stock Exchange (NSE) further closed in the negative territory on Wednesday as profit-taking persisted.
When the market wrapped up for the day’s business, it was down by 0.45 percent, sinking the Year-to-Date gain deeper to -2.59 percent.
This was despite the volume of shares exchanged by investors yesterday appreciating by 34.65 percent, though the value went down by 0.41 percent.
Business Post reports that at the close of transactions on Wednesday, a total of 287.1 million equities exchanged hands in 3,526 deals worth N3.7 billion against the 213.2 million shares sold on Tuesday valued at N3.8 billion.
These trades were dominated by financial stocks, which transacted 238.3 million units worth N3.1 billion and the conglomerates stocks, which exchanged 24.1 million units valued at N33 million.
A look at the individual stock showed that Access Bank was the most traded yesterday, selling 116 million units worth N1.2 billion.
It was trailed by Zenith Bank, which sold 41.1 million shares valued at N999 million, and Transcorp, which exchanged 23.7 million shares worth N29.1 million.
GTBank exchanged 14.7 million equities for N588.9 million, while FBN Holdings transacted 12.4 million shares valued at N129.8 million.
The All Share Index (ASI) decreased yesterday by 167.76 points to close at 37,253.25 points, while the market capitalisation depreciated by N61 billion to finish at N13.495 trillion.
Wednesday’s highest price loser was Julius Berger as its shares depreciated by N3 at the close of business to settle at N27 per share.
Following were International Breweries, which lost N2.65k to finish at N38.35k per share, and Dangote Cement, which fell by N2 to end at N225 per share.
Lafarge decreased by N1.85k to close at N33.90k per share, while Flour Mills went down by 25 kobo to finish at N30.75k per share.
At the other side, it was a fruitful day for Mobil Oil Nigeria as its shares appreciated by N15.50k to close at N180.50k per share.
It was followed by Forte Oil, which went up by N1.45k to close at N31.30k per share, and Nigerian Breweries, which increased by N1 to end at N111 per share.
Custodian and Allied grew by 57 kobo to settle at N6.27k per share, while UAC of Nigeria increased by 35 kobo to finish at N13.55k 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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