Economy
Blue-Chip Stocks Expand Investors’ Wealth by N85bn
By Dipo Olowookere
Investors further gained N85 billion at the Nigerian Stock Exchange (NSE) on Thursday, following buy interests in some blue-chip equities at the market.
During the session, the market capitalisation of the exchange expanded to N12.441 trillion from N12.356 trillion after the N85 billion growth.
The positive performances of these bellwether stocks, which further lifted the market higher by 0.77 percent, increased the All-Share Index (ASI) by 183.48 points to 23,892.92 points from 23,709.44 points.
Business Post reports that there were 18 price gainers and 14 price losers yesterday, with the advancers led by Nestle Nigeria, which added N40 to its share price to close at N1,040 per unit.
Dangote Cement increased its share value by N2.50 to sell at N146 per share, GTBank gained 55 kobo to trade at N22 per unit, Zenith Bank rose by 30 kobo to quote at N15.40 per share, while Fidson appreciated by 23 kobo to settle at N2.62 per share.
Leading the decliners’ club on Thursday was Custodian Investment, which lost 60 kobo to settle at N5.70 per unit and was followed by International Breweries, which fell by 20 kobo to sell at N4.80 per share.
Lafarge Africa depreciated by 20 kobo to quote at N10.80 per unit, NEM Insurance declined by 16 kobo to finish at N2 per unit, while AIICO Insurance crashed by 7 kobo to trade at 86 kobo per share.
A look at the sectoral performance showed that only the insurance sector closed negative with a 1.92 percent loss, while the energy sector closed flat.
The consumer goods counter was the best performing sector with 1.51 percent growth. The banking index gained 1.39 percent, while the industrial goods index rose by 0.34 percent.
The level of activity at the market on Thursday improved as the volume and value of trades, with the number of deals increasing by 14.76 percent, 51.19 percent and 27.12 percent respectively.
A total of 182.7 million stocks valued at N2.3 billion exchanged hands in 4,542 deals yesterday compared with the 159.2 million equities worth N1.5 billion transacted the previous day in 3,573 deals.
Zenith Bank was the most active stock at the market. The lender traded at total of 27.3 million units worth N413.3 million at the session.
GTBank transacted 24.6 million shares valued at N540.7 million, FBN Holdings exchanged 18.8 million units for N92.8 million, Custodian Investment transacted 15.2 million equities valued at N95.4 million, while Fidson traded 11.4 million shares worth N27.2 million.
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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