Economy
CAP, GTBank Lead Equities Market Back to Growth by 0.02% Friday
By Dipo Olowookere
The Nigerian Stock Exchange (NSE) rebounded on Friday following the marginal 0.02 per cent growth printed by the equities market at the close of activities.
CAP, GTBank and 10 other stocks boosted the gains yesterday, performing well to chase the bears from the market and slightly reduced the year-to-date loss to 5.71 per cent.
CAP added 55 kobo to its share price to close at N16.70 per unit, GTBank gained 20 kobo to finish at N25.40 per share, Access Bank bounced back with a price appreciation of 15 kobo to sell for N6.40 per share, FCMB appreciated by 5 kobo to N2.15 per unit, while United Capital grew by 5 kobo to N3.10 per unit.
At the other side, Guinness Nigeria was heaviest price loser, depreciating by N1.45 to trade at N14.15 per share, FBN Holdings fell by 10 kobo to N4.95 per unit, UAC Nigeria, UBA and Ecobank depreciated by 5 kobo each to close at N5.70 per share, N6.35 per unit and N3.90 per share respectively.
Business Post reports that the activity level was weak in the final trading session of the week following the 44.99 per cent, 41.09 per cent and 0.90 per cent in the trading volume, value and the number of deals respectively.
A total of 137.1 million shares worth N920.5 million were traded in 2,869 deals on Friday in contrast to the 249.1 million equities worth N1.6 billion transacted in 2,895 deals on Thursday.
It was observed that the low price Access Bank shares were sold the previous day gave investors the opportunity to mop them up yesterday as predicted in our earlier report, closing as the most active after trading 25.8 million units valued at N162.5 million.
FBN Holdings exchanged 15.7 million equities valued at N77.7 million, FTN Cocoa sold 11.3 million units valued at N2.4 million, Royal Exchange transacted 11.2 million shares worth N2.5 million, while FCMB exchanged 8.1 million stocks for N17.2 million.
Apart from the consumer goods sector, which lost 0.20 per cent and the energy index, which closed flat again, every other sector closed in green.
The insurance counter gained 0.62 per cent, the banking space appreciated by 0.37 per cent, while the industrial goods sector recorded a marginal growth of 0.01 per cent.
Also, the All-Share Index (ASI) appreciated slightly by 0.02 per cent or 5.12 points to settle at 25,309.37 points as against the previous 25,304.25 points.
In the same vein, the market capitalisation increased by 0.02 per cent or N3 billion to close at N13.204 trillion versus N13.201 trillion it ended on Thursday.
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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