Economy
Persistent Profit Taking Drops NSE Market Cap Below N15trn
By Dipo Olowookere
The market capitalisation of the Nigerian Stock Exchange (NSE) dropped below the N15 trillion region it reached last Thursday when BUA Cement listed its shares on the local bourse.
This was caused by the decision of investors to take profit after recording price appreciation since the beginning of trades this year. This resulted in the 0.75 percent loss printed by the market yesterday, further reducing the year-to-date gain to 8.27 percent.
Consequently, the market capitalisation was trimmed by N114 billion to N14.992 trillion from N15.106 trillion, while the All-Share Index (ASI) was cut by 220.65 points to 29,062.50 points from 29,283.15 points.
Business Post observed that investors sold off some of the stocks that have gained considerably in the sessions. MTN Nigeria closed the midweek session as the heaviest price loser, losing N3.70 to close at N120.50 per unit.
BUA Cement continued its fall yesterday, losing 95 kobo to settle at N38 per share, Ecobank fell by 60 kobo to finish at N7.20 per share, UAC Nigeria dropped 35 kobo to end at N10.70 per unit, while Dangote Sugar depreciated by 30 kobo to close at N14.50 per unit.
The other side of the coin showed Beta Glass taking the top spot on the gainers’ log, adding N5.90 to its share price to finish at N64.90 per unit and was followed by Forte Oil, which gained N1.15 to settle at N19 per unit.
GlaxoSmithKline went up by 40 kobo to trade at N6 per share, UBA appreciated by 25 kobo to quote at N8.50 per unit, while GTBank improved by 20 kobo to sell at N31.80 per share.
The activity chart did not look good on Wednesday as the volume of shares exchanged during the session decreased by 46.00 percent to 360.1 million from 666.8 million and the value dropped 56.49 percent to N2.8 billion from N6.5 billion.
Morison Industries was the most active stock with a turnover of 126.8 million shares worth N57.1 million, while Access Bank traded 52.5 million valued at N536.6 million.
UBA exchanged 32.0 million equities worth N274.1 million, Zenith Bank transacted 31.6 million units for N674.0 million, while Transcorp sold 17.9 million valued at N19.0 million.
Economy
SEC Postpones Q2 2026 Pre-registration Training, Examination for CMOs
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.
Economy
Fidson Lists Additional 600 million Shares on Stock Exchange
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.”
Economy
FG Approves Payments to 1,240 Contractors to Ease Liquidity Pressure
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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