Economy
Investors Pull Out N222bn from Stock Market on Monday
By Dipo Olowookere
The sum of N222 billion was lost by the Nigerian Stock Exchange (NSE) on Monday, no thanks to profit takers, who embarked on sell offs.
The local bourse depreciated on the first trading day of the week by 2.02 percent, expanding the year-to-date loss to 23.00 percent after the All-Share Index (ASI) reduced by 425.24 points to 20,669.38 points from 21,094.62 points. In the same vein, the market capitalisation decreased by N222 billion to N10.772 trillion from N10.994 trillion.
Business Post reports that the activity level was green yesterday as the volume, value and number of deals recorded yesterday increased by 42.98 percent, 38.60 percent and 4.91 percent respectively.
Investors traded 336.4 million stocks worth N4.1 billion in 4,184 deals on Monday in contrast to the 235.3 million equities worth N3.0 billion transacted in 3,988 deals last Friday.
FBN Holdings was the most active stock by volume yesterday, trading 98.6 million units valued at N393.4 million.
GTBank exchanged 55.7 million shares worth N1.0 billion, Zenith Bank transacted 32.5 million for N392.8 million, FCMB traded 27.2 million shares worth N40.6 million, while Fidelity Bank transacted 23.6 million stocks for N41.8 million.
An analysis of the price movement chart indicated that Seplat was the heaviest price loser, going down by N54.40 to N490.10 per unit, while Dangote Cement followed with an N8 loss to sell at N117 per share.
BUA Cement decreased by N3.50 to quote at N31.80 per share, BOC Gas depreciated by 40 kobo to settle at N3.65 per unit, while NAHCO depleted by 26 kobo to sell at N2.34 per unit.
At the other side, Flour Mills emerged the highest price gainer, adding N1 to its share value to sell at N21.50 per unit, while Lafarge Africa gained 85 kobo to trade at N9.80 per share.
Access Bank appreciated by 60 kobo to quote at N6.65 per share, GTBank improved by 25 kobo to N17.85 per unit, while Nigerian Breweries garnered 20 kobo to finish at N22.20 per share.
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.
-
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
