Economy
19 Equities Raise Stock Market Value by N17bn
By Dipo Olowookere
The value of stocks on the Nigerian Stock Exchange (NSE), captured by the market capitalisation, increased on Thursday by N17 billion to N12.947 trillion from N12.930 trillion on Wednesday.
Business Post reports that the equity market printed a 0.13 percent growth yesterday with renewed buying interest witnessed during the session as a result of inability of some investors to buy treasury bills the previous day.
On Wednesday, the Central Bank of Nigeria (CBN) auctioned T-bills worth N150.6 billion, but received subscriptions valued at N533.9 billion. Some of the excess amount of from treasuries market chased some value stocks at the local bourse yesterday, especially in the banking and the energy sectors.
This resulted in the banking index rising by 0.65 percent and the energy index growing by 0.68 percent. However, the consumer goods index fell by 0.30 percent, the industrial goods index dropped 0.14 percent, while the insurance index slightly went down by 0.01 percent,
At the close of transactions, the All-Share Index (ASI) improved by 34.4 points to settle at 26,824.50 points from 26,790.10 points, while the year-to-date loss reduced to 14.66 percent.
The volume of shares transacted by investors increased yesterday by 60.02 percent from 189.7 million to 303.8 million, while the value of the trades rose by 15.93 percent from N1.5 billion to N1.7 billion. However, the number of deals decreased by 7.60 percent from 3,410 to 3,151.
Law Union was the most active stock, trading 151.7 million units worth N91.3 million, while UBA followed with 20.4 million units valued at N142.6 million.
Access Bank sold 12.4 million shares valued at N111.7 million, Mutual Benefits traded 11.1 million equities for N2.2 million, while Zenith Bank exchanged 19.4 million shares worth N193.1 million.
A total of 19 stocks led by Cadbury Nigeria appreciated in price on Thursday, while 13 equities led by Dangote Sugar closed with their prices declining.
Cadbury Nigeria gained 90 kobo to close at N9.90 per share, GlaxoSmithKline rose by 55 kobo to finish at N6.25 per unit, UAC Nigeria gained 50 kobo to settle at N7.50 per share, FBN Holdings improved by 30 kobo to trade at N6.80 per unit, while Oando garnered 22 kobo to quote at N3.72 per share.
On the flip side, Dangote Sugar lost 70 kobo to finish at N13.80 per share, C&I Leasing depreciated by 65 kobo to end at N5.95 per unit, Dangote Cement fell by 60 kobo to settle at N143 per unit, Jaiz Bank declined by 6 kobo to close at 63 kobo per share, while Livestock Feeds decreased by 4 kobo to end at 51 kobo per share.
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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