Economy
Stocks Gain N44bn as Mutual Benefits, FCMB Attract Investors
By Dipo Olowookere
Trading activities ended bullish on Tuesday at the nation’s stock market following sustained bargain hunting by investors.
The equity market improved during the session by 0.34 percent to shorten the year-to-date loss to 5.61 percent at the close of transactions.
Consequently, the All-Share Index (ASI) increased by 84.95 points to 25,335.15 points from 25,250.20 points, while the market capitalisation rose by N44 billion to N13.216 trillion from N13.172 trillion.
Business Post reports that trades on the floor of the Nigerian Stock Exchange (NSE) were buoyed on Tuesday by the huge interest in Mutual Benefits Assurance Plc.
The insurance stock was the most active, trading 99.5 million units valued at N20.9 million, while FCMB traded 21.9 million units for N37.7 million.
FBN Holdings transacted 17.9 million shares for N96.6 million, UBA exchanged 12.1 million stocks valued at N82.2 million, while Caverton traded 10.6 million equities valued at N26.1 million.
At the close of business, 265.4 million stocks worth N1.1 billion were traded in 4,054 deals in contrast to the 222.4 million shares worth N2.1 billion transacted in 4,503 deals the previous session.
At the market on Tuesday, there were 13 price gainers and 22 price losers.
BUA Cement topped the gainers’ chart with a price appreciation of N1.70 to sell at N43.20 per unit, while BOC Gas gained 41 kobo to trade at N4.51 per share.
Dangote Sugar grew by 40 kobo to quote at N14.95 per unit, Neimeth rose by 19 kobo to sell at N2.13 per share, while Prestige Assurance gained 6 kobo to settle at 70 kobo per unit.
Conversely, Mobil Nigeria dominated the losers’ log with a price depreciation of N21.30 to trade at N192.60 per share, while Fidson fell by 25 kobo to finish at N3 per share.
Red Star Express depreciated by 25 kobo to end at N3.56 per unit, FBN Holdings lost 15 kobo to quote at N5.35 per share, while Cadbury Nigeria decreased by 15 kobo to close at N7.50 per unit.
A look at the sectoral performance indicated that the industrial goods space gained 2.65 percent yesterday, while the insurance counter grew by 0.40 percent, with the consumer goods index up by 0.26 percent. However, the energy space declined by 2.26 percent, while the banking index fell by 0.20 percent.
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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