Economy
Stocks Shed 0.23% Amid Fears Over CBN Forex Policy
By Modupe Gbadeyanka
A further decline was recorded on the floor of the Nigerian Stock Exchange (NSE) on Thursday as uncertainty over the direction of the Central Bank of Nigeria (CBN) on the foreign exchange system weighed on the market.
This week, it was reported that the central bank had finally floated the Naira. This came from an information posted on the website of the CBN that said the local currency was now market driven.
However, the apex bank quickly reacted to the news, saying the current multiple exchange systems were still in place, removing the ‘wrong’ information from its website.
The fears created by this issue led to some foreign portfolio investors taking out their money out of the capital market, where their funds are tied to.
At the early hours of trading yesterday, the market was looking like it would record its first gains in some days, but it soon evaporated, closing 0.23 percent lower.
This left the All-Share Index (ASI) going down by 70.68 points to finish at 30,029.15 points, while the market capitalisation went down by N31 billion to settle at N13.225 trillion.
Despite the worries of foreign portfolio investors, local investors took the opportunity of the low prices stocks are trading to increase their holdings.
This resulted in the rise in the volume and value of shares transacted yesterday on the floor of the exchange, which jumped by 3.93 percent and 69.19 percent respectively.
A total of 242.6 million shares worth N6 billion were transacted on Thursday in 3,153 deals against the 233.5 million equities worth N3.5 billion traded on Wednesday in 3,169 deals.
GTBank was the most traded equity on the nation’s bourse yesterday, trading 78.3 units of its stock for N2.4 billion.
Zenith Bank transacted 34 million shares worth N681.3 million, while UBA exchanged 25.5 million equities valued at N158.9 million.
Ecobank sold 18.1 million shares for N177 million, while MTN Nigeria traded 9.5 million equities worth N1.3 billion.
On the price movement chart, Presco took the first spot on the losers’ chart with a price depreciation of N3 to close at N55 per share.
Dangote Cement declined by N2 to finish at N183 per share, while C&I Leasing went down by 69 kobo to settle at N6.30k per share.
Dangote Sugar lost 30 kobo to close at N10.70k per share, while UAC Nigeria depreciated by 20 kobo to end at N6.20k 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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