Economy
Buying Pressure on Cement Stocks Expands NSE Index by 0.25%
By Dipo Olowookere
Transactions on the floor of the Nigerian Stock Exchange (NSE) further closed positive for the fifth consecutive session on Tuesday after a 0.25 per cent growth when activities were wrapped up.
This was boosted by the buying pressure on cement stocks at the exchange, mainly BUA Cement and Lafarge Africa as the gains printed by the equities suppressed losses from banking shares.
They helped their sector, the industrial goods, close 1.10 per cent higher during the session, while the insurance sector appreciated by 1.62 per cent.
Business Post reports that the selling pressure on banking stocks crashed its index by 0.22 per cent yesterday, while the profit-taking in the consumer goods space reduced its index by 0.07 per cent, with the energy counter closing flat.
But the benchmark performance indicator, the All-Share Index (ASI), increased on Tuesday by 62.66 points to 25,291.78 points from 25,229.12 points, while the market capitalisation appreciated by N33 billion to N13.195 trillion from N13.162 trillion.
BUA Cement, which led the gainers’ chart yesterday, appreciated by N1.10 to finish at N40 per unit, while Julius Berger, which followed, gained 50 kobo to sell for N17 each.
Lafarge Africa improved its share price by 20 kobo to N11.70 per unit, Flour Mills rose by 20 kobo to N18.70 per share, while NEM Insurance grew by 18 kobo to N2.05 each.
On the flip side, Beta Glass led the losers’ chart with a price depreciation of N6.15 to close at N55.40 per share, while C&I Leasing went down by 40 kobo to N4 per unit.
May & Baker lost 30 kobo to trade at N2.73 each, Vitafoam depreciated by 30 kobo to sell for N5.15 per unit, while GTBank declined by 20 kobo to quote at N25 per share.
Transcorp has continued to witness huge activities around its stocks lately at the exchange and on Tuesday, the company was the most active on the activity chart, trading 94.9 million units of its shares valued at N52.3 million.
UBA transacted 33.2 million shares for N216.5 million, Wema Bank exchanged 14.6 million equities for N7.4 million, Zenith Bank traded 10.4 million stocks worth N176.5 million, while Sterling Bank transacted 9.6 million units valued at N11.3 million.
At the close of business yesterday, a total of 251.3 million stocks worth N1.2 billion were traded by investors in 3,713 deals compared with the 251.2 million units worth N2.4 billion transacted in 3,737 deals on Monday.
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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