Economy
Buying Interest in Nigerian Stocks Continues as ASI Rises 0.52%
By Dipo Olowookere
The buying interest in Nigerian stocks continued on Friday and this increased the All-Share Index (ASI) by 0.52 per cent or 213.00 points to 41,176.14 points from 40,963.14 points.
During the session, investors took special interests in equities in the insurance and consumer goods sectors and this expanded the market capitalisation of the Nigerian Stock Exchange (NSE) by N111 billion to N21.530 trillion from N21.419 trillion.
As earlier stated, Business Post reports that bargain hunters pounced on insurance and consumer goods stocks and this caused their respective indices to rise by 4.14 per cent and 1.41 per cent.
Also, the banking counter grew by 0.54 per cent, while the industrial goods index appreciated by 0.08 per cent, with the energy space closing 0.54 per cent lower.
Yesterday, investors transacted 666.6 million stocks worth N6.4 billion in 6,980 deals compared with the 809.4 million equities worth N8.9 billion traded in 6,706 deals, indicating 17.64 per cent decline in the trading volume, 28.18 per cent decline in the trading value and 4.09 per cent rise in the number of deals.
Japaul closed the day as the most traded stock, selling 115.8 million units worth N174.9 million. Access Bank traded 48.0 million shares for N461.7 million, Mutual Benefits Assurance exchanged 42.6 million equities for N17.9 million, GTBank sold 38.6 million stocks valued at N1.3 billion, while UBA traded 37.3 million shares valued at N341.9 million.
On the price movement table, Flour Mills topped the gainers’ chart with a price appreciation of N2.80 to finish at N32.80 per unit.
Presco gained N2 to close at N74 per share, MTN Nigeria rose by N2 to settle at N170 per unit, Nigerian Breweries grew by N1.95 to sell at N60 per share, while UAC Nigeria appreciated by 75 kobo to close at N8.25 per unit.
Conversely, Ardova topped the losers’ table with a price depreciation of N2.15 to close at N19.70 per share, May & Baker lost 22 kobo to settle at N3.63 per share, Zenith Bank declined by 10 kobo to quote at N26.30 per unit, Unilever Nigeria fell by 5 kobo to close at N13.45 per unit, while Sterling Bank declined by 4 kobo to trade at N2 per share.
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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