Economy
Bargain Hunters Buoy N134bn Gain at Stock Market
By Dipo Olowookere
The Nigerian Stock Exchange (NSE) rebounded by 1.04 per cent on Wednesday after bargain hunters took over the market during the session.
This lifted the market capitalisation by N134 billion to N13.115 trillion from N12.981 trillion and pushed the All-Share Index (ASI) higher by 257.78 points to 25,141.48 points from 24,883.70 points.
The gains at the midweek trading session were spurred by the energy sector, which rose by 5.24 per cent, the insurance space, which appreciated by 0.64 per cent, and the consumer goods index, which grew by 0.19 per cent.
The banking space depreciated yesterday by 0.36 per cent, while the industrial goods counter declined by 0.26 per cent.
On the price movement chart, Seplat led the gainers’ group after adding N35 to its share price to finish for the day at N385 per unit.
Airtel Africa appreciated by N32 to close at N380 per unit, Presco rose by N3.50 to settle at N51.50 per share, Okomu Oil appreciated by N3 to end at N80 per share, while Guinness Nigeria gained 90 kobo to settle at N15.40 per unit.
On the losers’ table, BUA Cement claimed the first spot after depreciating by 25 kobo to close at N38.70 per share and was followed by Access Bank, which lost 15 kobo to trade at N6.40 per share.
Zenith Bank declined by 10 kobo to finish at N16.75 per share, Champion Breweries decreased by 8 kobo to 78 kobo per unit, while Lafarge Africa went down by 5 kobo to N11.90 per share.
Business Post reports that GTBank buoyed trading activities on Wednesday, with investors transacting 66.3 million units of the stock for N1.7 billion.
Access Bank sold 24.0 million shares for N155.8 million, Zenith Bank traded 15.2 million stocks worth N255.3 million, FBN Holdings exchanged 14.0 million equities valued at N70.6 million, while Sterling Bank traded 13.2 million shares for N15.7 million.
At the close of transactions, a total of 204.9 million stocks worth N3.8 billion exchanged hands in 3,636 deals compared with the 206.6 million shares worth N2.5 billion traded in 3,925 deals on Tuesday.
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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