Economy
Nigerian Stocks Blossom on Bullish Investor Sentiment
By Modupe Gbadeyanka
The positive investor sentiment recorded last Friday was retained at the market on the first trading day of this week.
The Nigerian Stock Exchange (NSE) finished 0.30 percent higher as bargain hunting activities continued on Monday from last Friday, leaving the year-to-date returns closing at -4 percent from -4.29 percent recorded last Friday.
Business Post reports that the stock market recorded 20 price gainers at the close of transactions today versus 18 price losers.
Dangote Cement emerged the highest price today after adding N1.30k to its share value to close at N236 per share.
It was followed by GTBank, which grew by 80 kobo to settle at N38.80k per share, and NASCON, which improved by 55 kobo to finish at N20.80k per share.
Nigerian Breweries went up by 50 kobo to end at N108 per share, while CAP also appreciated by 50 kobo to wrap the day at N35 per share.
On the flip side, Forte Oil topped the losers’ chart with N2.70k of its share price lost to close at N25.20k per share.
It was followed by Oando, which depreciated by 40 kobo to end at N5.15k per share, and Stanbic IBTC, which went down by 25 kobo to close at N48.55k per share.
UPL fell by 25 kobo to settle at N2.30k per share, while Dangote Flour declined by 20 kobo to finish at N8.90k per share.
Business Post reports further that while the All Share Index (ASI) increased by 133.39 points to close at 36,603.44 points, the market capitalisation improved by N49 billion to settle at N13.260 trillion.
All the sector indices increased except the NSEOILG5, which recorded a loss of 1.66 percent.
However, the NSEBANK10, NSEIND, NSEINS10, and NSEFBT10 recorded respective gains of 0.63 percent, 0.37 percent, 0.33 percent and 0.10 percent.
At the close of transactions, the volume of equities traded on the floor of the stock exchange on Monday increased by 129.24 percent, while the value decreased by 19.75 percent.
A total of 679.9 million shares were traded today in 3,677 deals valued at N3.9 billion in contrast to the 296.6 million equities worth N4.9 billion transacted last Friday.
The Financial Services sector led the activity chart with 500.2 million shares sold for N2.6 billion, while the Services sector followed with 102.5 million shares exchanged for N222 million.
MedView Air topped the activity chart today with 100 million equities sold for N214 million.
It was followed by Transcorp, which sold 16.2 million units worth N19.6 million, and Zenith Bank, which transacted 11.3 million shares worth N260.3 million.
GTBank exchanged 8.2 million shares valued at N315.6 million, while Access Bank sold 6.8 million equities for N67.5 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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