Economy
29 Stocks Grow Investors’ Wealth by N375bn on Tuesday
By Dipo Olowookere
Some investors at the Nigerian Stock Exchange (NSE) had their portfolios showing green at the close of transactions on Tuesday.
This was boosted by the price appreciation recorded by 29 equities on the exchange, which erased the effect of losing seven stocks during the trading day.
The All-Share Index (ASI) increased yesterday by 719.45 points to settle at 23,809.31 points in contrast to the previous 23,089.86 points.
Equally, the market capitalisation grew by N375 billion to settle at N12.408 trillion compared with N12.033 trillion of the previous day.
The volume of shares transacted by investors increased by 38.15 percent to 345.2 million from 249.9 million as the value of trades went up by 77.45 percent to N4.3 billion from N2.4 billion, while the number of deals decreased by 28.28 percent to 4,689 deals from 6,538 deals.
GTBank was the most active stock at the market on Tuesday, trading 54.3 million units of its securities worth N1.1 billion.
Mutual Benefits Assurance traded 41.9 million equities valued at N9.0 million, Zenith Bank sold 40.3 million shares for N591.0 million, Sterling Bank exchanged 30.8 million stocks for N37.6 million, while Access Bank transacted 28.8 million shares valued at N177.9 million.
On the price movement chart, Nestle Nigeria dominated the gainers’ table with a price appreciation of N54.80 to settle at N975 per share.
Dangote Cement gained N13 to sell at N143 per unit, MTN Nigeria appreciated by N4 to trade at N120 per share, Zenith Bank rose by 50 kobo to close at N14.85 per unit, while Access Bank added 40 kobo to its share price to sell at N6.50 per share.
At the other side of the coin, Flour Mills was the heaviest loser, suffering a N1.25 loss to settle for the day at N19.75 per unit.
BUA Cement shed 80 kobo to sell at N31.80 per share, May & Baker lost 27 kobo to trade at N2.43 per unit, NPF Microfinance Bank depreciated by 12 kobo to quote at N1.13 per share, while Linkage Assurance decreased in value by 5 kobo to 48 kobo per unit.
Business Post reports that only the insurance index closed in the red territory on Tuesday, losing 0.32 percent.
The banking and consumer goods indices appreciated by 2.42 percent each, the industrial goods counter gained 1.56 percent, while the oil/gas space rose by 0.73 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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