Economy
17 Stocks Weaken Investors’ Wealth by N188bn
By Dipo Olowookere
The sum of N188 billion was lost by the stock market in Nigeria on Monday, reducing its size to N12.577 trillion from N12.695 trillion it closed last Friday.
Business Post reports that the sustained profit-taking witnessed during the day led to the 0.93 percent loss printed by the Nigerian Stock Exchange (NSE) yesterday.
This reduced the All-Share Index (ASI) by 226.47 points to 24,109.65 points as against the previous 24,336.12 points.
It was observed that the weakening of the market on the first trading session of the week was caused by the poor outings of 17 stocks, which overpowered the gains recorded by 14 equities during the session.
Nestle Nigeria dominated the laggards’ log with a loss of N81.80, closing its share price for the day at N1,175 per share.
Beta Glass lost N6.80 to sell at N61.55 per unit, BUA Cement shed N2.10 to quote at N39.90 per share, Julius Berger depreciated by N1.80 to finish at N16.55 per share, while C&I Leasing lost 35 kobo to close at N3.80 per unit.
On the flip side, Flour Mills topped the gainers’ chart after adding 90 kobo to its share value to finish at N18.50 per share.
Zenith Bank gained 80 kobo to close at N16.05 per share, GTBank appreciated by 20 kobo to trade at N21 per share, NAHCO also gained 20 kobo to sell at N2.20 per unit, while Union Bank improved by 10 kobo to quote at N5.45 per unit.
GTBank was the most active stock of the session, transacting 60.5 million units of its shares valued at N1.3 billion, with Access Bank trading 25.3 million stocks for N161.4 million.
UBA sold 8.8 million shares worth N53.2 million, FBN Holdings exchanged 8.5 million equities for N42.8 million, while Zenith Bank traded 8.0 million shares valued at N125.8 million.
In all, a total of 189.7 million stocks worth N2.8 billion were transacted on Monday in 4,216 deals compared with last Friday’s 144.3 million shares valued at N1.5 billion traded in 3,993 deals.
This indicated a 31.44 percent, 82.91 percent and 5.58 percent increases in the volume, the value of traded shares and the number of deals executed respectively.
Business Post reports that the financial services sector of the market put up a good fight yesterday, but this covered in blood by equities in the other sectors.
The banking index grew by 1.51 percent on Monday just as the insurance counter appreciated by 1.05 percent.
However, the consumer goods sector depreciated by 3.18 percent, the industrial goods space lost 2.35 percent, while the energy sector fell by 0.04 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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