Economy
23 Equities Raise Customs Street by 0.37%
By Dipo Olowookere
A 0.37 per cent growth was recorded by Customs Street on Thursday, the last trading session of the week because of the public holiday declared by the federal government for Good Friday.
This happened despite the insurance sector closing lower by 2.92 per cent during the trading session due to profit-taking.
However, the banking space increased by 1.33 per cent, the consumer goods index appreciated by 1.24 per cent, and the energy counter gained 0.44 per cent, while the industrial goods and the commodity sectors remained unchanged.
When the Nigerian Exchange (NGX) Limited closed for the session, the All-Share Index (ASI) grew by 381.93 points to 104,233.81 points from 103,851.88 points and the market capitalisation gained N239 billion to settle at N65.499 trillion compared with the preceding session’s N65.260 trillion.
Abbey Mortgage Bank topped the gainers’ chart yesterday after it chalked up 9.94 per cent to sell for N8.96, Nigerian Breweries improved by 9.86 per cent to N36.20, ABC Transport expanded by 9.23 per cent to N1.42, Livestock Feeds rose by 9.20 per cent to N9.50, and Ecobank surged by 8.94 per cent to N29.25.
On the flip side, Sunu Assurances headed the losers’ table after it shed 9.91 per cent to close at N5.00, Ellah Lakes decreased by 9.76 per cent to N3.05, Cornerstone Insurance went down by 9.44 per cent to N2.59, Sovereign Trust Insurance crashed by 9.18 per cent to 89 Kobo, and Universal Insurance lost 7.55 per cent to trade at 49 Kobo.
At the trading day, there were 23 price gainers and 24 price losers, representing a negative market breadth index and weak investor sentiment.
Universal Insurance was the busiest stock with a turnover of 89.3 million units valued at N44.4 million, Fidelity Bank sold 49.5 million units for N915.9 million, Access Holdings transacted 32.9 million units worth N715.3 million, Zenith Bank traded 15.6 million units valued at N685.4 million, and Nigerian Breweries transacted 15.4 million units worth N555.6 million.
When the closing gong was beaten by 2:30 pm to signal the end of trading activities for the session, a total of 376.3 million equities valued at N7.9 billion exchanged hands in 11,204 deals versus the 351.7 million equities worth N13.7 billion in 12,141 deals transacted a day earlier, indicating an increase in the trading volume by 7.00 per cent, and a slide in the trading value and the number of deals by 42.34 per cent and 7.72 per cent, respectively.
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.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn