Economy
BUA Cement Leads 18 Others to Halt Losing Streaks on NSE
By Dipo Olowookere
The bulls were brought back to Nigerian Stock Exchange (NSE) on Thursday to provide succour to the market participants, thanks to BUA Cement and 18 other stocks.
For five straight sessions, investors were subjected to the pains brought by the bears, but these 19 stocks intervened, leaving the market rising by 0.17 percent at the close of business yesterday.
This increased the All-Share Index (ASI) by 45.83 points to 27,568.91 points from 27,523.08 points, and the market capitalisation by N24 billion to N14.362 trillion from N14.338 trillion.
The key gains came from the industrial goods sector, which improved by 1.66 percent and from the insurance space, which appreciated by 1.30 percent. The banking still remained depressed by 0.51 percent, the energy sector fell by 0.86 percent, while the consumer goods counter declined by 0.04 percent.
Business Post reports that BUA Cement was the highest price gainer during the session, appreciating by N1.05 to sell at N36.05 per unit, while C&I Leasing rose by 50 kobo to trade at N6.85 per share.
United Capital further improved yesterday by 32 kobo to N3.54 per unit, Africa Prudential rose by 13 kobo to quote at N5.25 per share, while Ikeja Hotel gained 11 kobo to trade at N1.21 per unit.
At the other end, SFS REIT led the losers’ chart with a price depreciation of N8.55 to close at N76.95 per share, while GTBank maintained its free fall with a loss of 40 kobo to settle at N28 per unit.
Oando went down by 23 kobo to N3.26 per share, Zenith Bank fell by 10 kobo to N19.40 per unit, while Champion Breweries declined by 9 kobo to sell at 88 kobo each.
The activity chart was mixed during the session as market participants exchanged 485.0 million shares worth N3.6 billion in 4,187 deals compared with the 290.2 million equities worth N5.0 billion exchanged the previous session in 3,528 deals.
This indicated that the volume of shares traded by investors increased by 67.15 percent, while the number of deals grew by and 18.68 percent, with the value of transactions reducing by 28.56 percent.
Sovereign Trust Insurance was the most traded stock at the market on Thursday. The insurance firm sold 200 million units of its shares worth N40.0 million.
GTBank exchanged 56.3 million equities for N1.6 billion, Zenith Bank transacted 36.7 million valued at N713.9 million, UBA sold 32.4 million stocks worth N247.5 million, while FBN Holdings traded 31.2 million equities valued at N179.4 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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