Economy
Consumer Goods Lift Equity Market to N24b Gain
By Modupe Gbadeyanka
Gains recorded by stocks in the consumer goods sector rescued the local bourse from bears, ensuring that trading for the day and week closed on a positive note.
The Nigerian Stock Exchange (NSE) had shed N167 billion yesterday following loses recorded by oil stocks led by Total Plc and Mobil Plc.
But the market rebounded on Friday, closing 0.19 percent higher mainly influenced by gains in the shares of International Breweries, Nigerian Breweries, Stanbic IBTC, Flour Mills of Nigeria and Dangote Sugar.
However, financial stocks attracted attention of investors today with Unity Kapital emerging the most active, trading 231.4 units at N115.7 million.
It was followed by Access Bank, which transacted 39.8 million shares worth N403.3 million, and Fidelity Bank, which exchanged 17.2 million shares valued at N22.4 million.
Furthermore, GTBank sold 12 million shares worth N485.7 million, while Diamond Bank transacted 9.6 million shares valued at N11.5 million.
In all, a total of 422.5 million shares exchanged hands on the floor of the NSE on Friday worth N3.3 billion executed in 3,618 deals.
Business Post reports that International Breweries led the gainers’ chart today after adding N2.50k to its share value to settle at N37 per share.
It was closely followed by Nigerian Breweries, which rose by N2 to end at N190 per share, and Stanbic IBTC, which advanced by N1.49k to finish at N40 per share.
Flour Mills of Nigeria grew by N1.42k to settle at N29.94k per share, while Dangote Sugar appreciated by 60k to close at N13.65k per share.
On the flip side, Mobil emerged the heaviest loser, dropping N10.57k to settle at N192.55k per share, and was followed by Unilever, which lost N1.50k to close at N41.30k per share.
Dangote Cement fell by 56k to end at N216 per share, Guinness Nigeria slumped by 50k to finish at N81.50k per share, while NASCON also depreciated by 50k to end at N13 per share.
At the close of trading activities on the floor of the NSE on Friday, the market capitalisation increased by N24 billion to settle at N12.63 trillion, while the All-Share Index (ASI) added 70.60 points to finish at 36,646.46 points.
Investors are upbeat the when the stock market resume for trading activities next Monday, the bulls would maintain its grip on the market.
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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