Economy
All-Share Index Drops 0.35% as 26 Stocks Suffer Losses
By Dipo Olowookere
The All-Share Index (ASI) of the Nigerian Stock Exchange (NSE) depreciated by 0.35 percent or 93.23 points on Wednesday to close at 26,790.10 points against 26,883.33 points of the previous session.
Similarly, the market capitalisation, which ended at N12.975 trillion on Tuesday, decreased by N45 billion or 0.35 percent yesterday to settle at 12.930 trillion as investors take profit.
A total of 189.9 million shares worth N1.5 billion exchanged hands at the session in 3,410 deals compared with the 208.0 million stocks worth N3.1 billion transacted in 4,081 deals the previous day, indicating a 9.58 percent decline in the trading volume, 52.18 percent decrease in the value of trades and 16.44 percent decline in the number of trades.
Apart from the insurance sector, which appreciated by 0.54 percent, every other index closed bearish, with the energy index taking the lead with 1.07 percent fall. The banking index depreciated by 0.49 percent, the consumer goods sector went down by 0.20 percent, while the industrial goods industry dropped 0.08 percent.
A total of 26 stocks went down at the midweek session against 19 price gainers.
Cadbury Nigeria was the heaviest price loser, going down by 90 kobo to finish at N9 per unit, while GlaxoSmithKline went down by 60 kobo to close at N5.70 per share.
FBN Holdings fell by 45 kobo to finish at N6.50 per share, Dangote Cement crashed by 40 kobo to settle at N143.60 per unit, while UAC Nigeria also declined by 40 kobo to end at N7 per share.
At the other end, Zenith Bank topped the price risers’ log after adding 15 kobo to its share value to close at N18.50 per unit, while Cutix gained 11 kobo to finish at N1.44 per unit.
The trio of Airtel Africa, GTBank and CAP appreciated by 10 kobo each to close at N298.90 per share, N29.90 per share and N24.30 per share respectively.
Transcorp was the busiest stock on Wednesday, trading the highest volume with 26.4 million units worth N26.6 million, while Zenith Bank followed with 22.5 million units sold for N416.4 million.
Chams traded 18.9 million equities worth N7.8 million, Fidelity Bank exchanged 11.1 million shares valued at N22.2 million, while FBN Holdings transacted 10.5 million units for N70.0 million.
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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