Economy
Nigerian Stock Market Returns to Familiar Territory After 0.21% Loss Tuesday
By Dipo Olowookere
The Nigerian Stock Exchange (NSE) on Tuesday ended on a negative note to reverse the gains it recorded the previous session, Business Post reports.
At the market yesterday, traders embarked on profit taking on the back of the price appreciation recorded on Monday. This led to the 0.21 loss posted by the local bourse on Tuesday to expand the year-to-date loss to 13.91 percent.
Business Post observed that the stock market fell yesterday despite the growth recorded across the sectors. The banking index rose by 1.88 percent, the insurance index increased by 0.59 percent, the oil and gas index appreciated by 0.99 percent, the industrial index improved by 0.56 percent, while the consumer goods index grew by 0.22 percent.
Also, the market breadth ended positive on Tuesday with 27 price gainers and 10 price losers.
Dominating the decliners’ table was MTN Nigeria, which lost N6.10k to settle at N132.60k per share. Conoil, which followed, went down by 85 kobo to finish at N16.80k per share.
At the market yesterday, PZ Cussons lost 50 kobo to end at N5.50k per unit, NCR depreciated by 30 kobo to close at N5.50k per share, while Union Bank declined by 15 kobo to finish at N6.85k per unit.
At the other side of the table, Nestlé Nigeria emerged as the highest price gainer on Tuesday, appreciating by N7.30k to close at N1121.20k per share.
It was trailed by Dangote Cement, which rose by N1.50k to settle at N166 per unit, and Berger Paints, which improved its share value by 65 kobo to finish at N7.50k.
Furthermore, UAC Nigeria grew yesterday by 45 kobo to trade at N5.25k per unit, while Access Bank gained 40 kobo to exchange at N6.50k per share.
On the activity chart, the volume of transactions went down by 16.40 percent to 209.6 million to 250.7 million, while the value of the trades depreciated by 22.40 percent to N3.2 billion from N4.2 billion, with the number of deals executed on the floor of the NSE going down by 9.06 percent to 3,743 from 4,116 recorded on Monday.
Transcorp dominated trading yesterday with a turnover of 43.6 million units of its shares sold for N42.7 million. GTBank, which followed, traded 43.0 million equities valued at N1.1 billion.
Zenith Bank transacted 34.1 million shares worth N592 million, Ecobank exchanged 24.2 million equities for N148.6 million, while FBN Holdings transacted 6.3 million units worth N31.4 million.
An analysis of the major market gauges on Tuesday indicated that the All-Share Index (ASI) depreciated by 57.27 points to close at 27,058.62 points, while the market capitalisation reduced by N28 billion to finish at N13.186 trillion.
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