Economy
Energy, Industrial Goods Stocks Weaken Market by N44bn
By Dipo Olowookere
The Nigerian Stock Exchange (NSE) returned to the negative territory on Friday after rising by 1.40 per cent on Thursday.
During the trading day yesterday, the market slumped by 0.34 per cent as a result of selling pressure on some energy, industrial goods and consumer goods stocks.
Business Post reports that the oil/gas index went down by 4.98 per cent, while the industrial goods counter lost 1.01 per cent, with the consumer goods space losing 0.08 per cent.
However, the insurance goods index put up a good performance on Friday, rising by 0.29 per cent, while the banking sector appreciated by 0.01 per cent.
For the benchmark index, the All-Share Index (ASI) increased by 84.54 points to 24,427.73 points from 24,512.27 points, while the market capitalisation grew by N44 billion to N12.743 trillion from N12.787 trillion.
Despite the weak performance of the stock exchange yesterday, the market breadth closed positive with 17 price gainers and 13 price losers.
The worst performing stock of the session was Seplat, which is expected to release its half-year results next week. The stock lost N38.60 yesterday to settle at N347.40 per unit.
BUA Cement lost N1 to sell at N39 per share, Unilever Nigeria depreciated by 60 kobo to close at N12.25 per unit, UBA declined by 10 kobo to finish at N6 per share, while Lafarge Africa depreciated by 5 kobo to settle at N10.95 per unit.
The gainers’ chart was led by Julius Berger yesterday after appreciating by N1.55 to settle at N17.05 per share.
Stanbic IBTC gained N1 to close at N30 per share, Custodian Investment rose by 50 kobo to N5.50 per unit, Dangote Sugar grew by 20 kobo to sell at N11.90 per unit, while NAHCO improved by 17 kobo to N2.20 per share.
More trades occurred at the local bourse yesterday as the total number of shares transacted by investors increased by 6.03 per cent to 174.2 million units from the previous day’s 164.3 million units.
Also, the value of traded stocks rose by 12.17 per cent to N2.4 billion from N2.1 billion, while the number of deals rose by 24.68 per cent to 3,723 deals from 2,986 deals.
Zenith Bank was investors’ delight yesterday, transacting 34.6 million units worth N537.6 million, and was followed by FBN Holdings, which traded 28.1 million units valued at N140.1 million.
UBA transacted 14.5 million stocks for N87.9 million, Access Bank exchanged 9.8 million shares worth N60.4 million, while Nigerian Breweries sold 9.7 million equities valued at N301.3 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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