Economy
Buy Pressure on Champion Breweries, FBNH Lifts Market by 0.45%
By Dipo Olowookere
Nigerian stocks rebounded on Tuesday by 0.45 per cent on the back of buy pressure on Champion Breweries, FBN Holdings and 25 other equities.
The share price of Champion Breweries rose by 10.00 per cent to N2.53, with Cornerstone Insurance trailing with a growth of 9.80 per cent to settle at 56 kobo.
FBN Holdings appreciated by 9.79 per cent to N10.65, Sovereign Trust Insurance grew by 9.09 per cent to 24 kobo, while Livingtrust Mortgage Bank gained 8.96 per cent to settle at 73 kobo.
On the reverse side, a total of 13 shares depreciated in price on Tuesday with Consolidated Hallmark Insurance leading the pack after its value went down by 6.78 per cent to trade at 55 kobo.
Japaul lost 6.25 per cent to settle at 45 kobo, NEM Insurance depreciated by 3.81 per cent to trade at N2.02, Ikeja Hotel dropped 3.51 per cent to sell for N1.10, while Oando declined by 3.46 per cent to N5.02.
Business Post reports that apart from the energy sector which lost 0.71 per cent, every other major index finished strong with insurance rising by 1.02 per cent. The banking counter gained 1.00 per cent, the industrial goods space went up by 0.51 per cent, while the consumer goods index appreciated by 0.06 per cent.
When trading activities closed yesterday, the All-Share Index (ASI) jumped by 182.96 points to 40,896.96 points from 40,714.00 points, while the market capitalisation rose by N96 billion to N21.311 trillion from N21.215 trillion.
During the session, the number of deals went down by 3.23 per cent to 4,253 deals from 4,395 deals, the trading volume went up by 194.75 per cent to 563.9 million units from 191.3 million units, while the trading value increased by 96.72 per cent to N5.1 billion from N2.6 billion.
FBN Holdings was investors’ toast at the market yesterday, selling 317.3 million units valued at N3.3 billion and was followed by Champion Breweries, which traded 49.9 million units valued at N126.3 million.
Ecobank transacted 38.1 million shares worth N269.2 million, UBA exchanged 22.5 million stocks valued at N181.4 million, while Fidelity Bank transacted 16.6 million equities valued at N43.4 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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