Economy
Bargain Hunters Raise NSE Market Capitalisation to N12.882trn
By Dipo Olowookere
The market capitalisation of the Nigerian Stock Exchange (NSE) increased to N12.882 trillion on Wednesday, thanks to bargain hunters.
At the midweek trading session, investors, inspired the positive half-year earnings released so far, began to mop up some stocks trading at low prices. This raised the market value by N23 billion from the previous N12.859 trillion.
It equally elevated the All-Share Index (ASI) by 0.18 per cent or 43.57 points to 24,693.73 points from the previous day’s 24,650.16 points.
The positive performance of the session was boosted by the oil/gas space, which appreciated by 4.58 per cent. The insurance index grew by 1.40 per cent, the consumer goods counter gained 0.51 per cent, while the industrial goods improved by 0.27 per cent.
Business Post observed that the banking sector was the only decliner of the five key sectors yesterday, going down by 0.21 per cent.
Unlike in the previous session, the market breadth closed positive on Wednesday with 18 price advancers and 14 price decliners.
The highest price gainer was Seplat, which appreciated by N28.20 to settle at N310.20 per share, while BUA Cement followed with a 40 kobo price appreciation to close at N39.40 per unit.
UAC Nigeria grew by 20 kobo to quote at N7 per share, PZ Cussons gained 20 kobo to sell for N4.10 per share, while GlaxoSmithKline appreciated by 10 kobo to close at N4.90 per unit.
On the losers’ table, Guinness Nigeria dominated after shedding 50 kobo to close at N13 per unit and was trailed by Lafarge Africa, which depreciated by 25 kobo to trade at N11.75 per share.
Studio Press lost 19 kobo to finish at N1.80 per share, Arbico depreciated by 15 kobo to N1.39 per unit, while NPF Microfinance Bank depleted by 13 kobo to N1.18 per share.
For the second straight day, the activity chart was in red following the 2.51 per cent, 32.45 per cent and 50.78 per cent decline in the number of deals, trading volume and trading value respectively.
A total of 101.6 million shares worth N973.6 million were traded yesterday in 3,685 deals compared with the previous day’s 150.4 million stocks valued at N2.0 billion in 3,780 deals.
A breakdown showed that GTBank accounted for 10.9 million units of the total traded shares with a value of N244.7 million.
FBN Holdings transacted 9.7 million equities valued at N49.1 million, UBA traded 9.5 million stocks for N58.6 million, Ecobank exchanged 6.1 million shares worth N25.4 million, while Sterling Bank transacted 5.9 million stocks for N7.0 million.
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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