Economy
Blue Chip Stocks Lift NSE Index by 0.86%
By Dipo Olowookere
The much needed breather at the Nigerian Stock Exchange (NSE) came on Friday after some blue chip equities rallied to put a halt to the recent downward trends.
This came a day after the release of the financial statements of FCMB for Q3 of this year, which improved investors’ confidence.
Yesterday, the market recorded a gain for the first time this week, appreciating by 0.86 percent and reducing the year-to-date loss to 19.27 percent.
The market capitalisation saw an improvement of N95 billion to settle at N11.271 trillion, while the All-Share Index (ASI) increased by 262.62 points to close at 30,874.17 points.
Mobil Oil Nigeria, which led the gainers’ chart on Friday, added N15 to its share price to settle at N175 per share, while Nigerian Breweries trailed with a N3.20k appreciation to end at N82.60k per share.
Dangote Cement went up by N1.90k to finish at N186.90k per share, Total Nigeria grew by N1.50k to end at N198 per share, while UBA rose by 45 kobo to quote at N7.50k per share.
Conversely, CAP closed yesterday as the biggest loser after shedding N3.45k of its share value to stay at N31.50k per share.
It was followed by Stanbic IBTC, which reduced by N2 to settle at N48 per share, and Seplat, which lost 50 kobo to end at N589.50k per share.
Custodian Investment decreased by 40 kobo to close at N4.90k per share, while Eterna went down by 30 kobo to finish at N4.20k per share.
On the activity chart, the Financial Services sector dominated with a total turnover of 222.5 million shares traded for N1.5 billion, while the Consumer Goods sector trailed with 10.9 million equities sold for N347 million.
Diamond Bank was the most traded stock at the market on Friday, selling a total of 121.4 million units worth N78.8 million.
Following was FBN Holdings, which transacted 21.8 million shares valued at N152.6 million, and Zenith Bank, which exchanged 20.1 million equities for N463.5 million.
GTBank traded 16.7 million shares worth N571.2 million, while Access Bank transacted 11.4 million equities valued at N86.4 million.
At the close of the day, despite the growth recorded by the market, the volume and value of shares exchanged by investors reduced by 43.52 percent and 46.34 percent respectively.
A total of 249.4 million shares worth N2.4 billion were traded by investors yesterday compared with the 441.6 million equities valued at N4.5 billion transacted the previous day.
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.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn