Economy
Consumer Goods Stocks Drag NSE Index Lower
By Modupe Gbadeyanka
Losses recorded by stocks in the Consumer Goods sector brought an end to the three-day bullish run at the Nigerian equity market on Thursday.
Leading the pack today was Nigerian Breweries, which went down N4.77k to settle at N145.23k per share.
It was closely followed by International Breweries, which depreciated by N1.1k to close at N48.99k per share, and Unilever, which fell by N1 to finish at N40 per share.
In addition, PZ Cussons deflated by 91k to end at N21.70k per share, while Dangote Cement lost 50k to wrap the day at N227 per share.
Business Post reports that trading resumed on the floor of the Nigerian Stock Exchange (NSE) with investors in high spirits due to the recent positive momentum, however, some traders quickly capitalised on the gains in the past three days to take profit.
At the close of transactions, the stock market declined marginally by 0.03 percent, with the year-to-date return finishing at 37.22 percent.
However, the volume of equities exchanged by investors increased today by 27.59 percent, while the valued decreased by 24.07 percent.
A total of 318.2 million shares worth N3.9 billion were transacted on Thursday at the market in contrast to 249.4 million shares valued at N5.2 billion traded on Wednesday.
The Financial Services sector still led the activity chart with 224.375 million shares exchanged for N2.167 billion, while the Healthcare sector followed with 60.583 million shares exchanged at N0.039 billion.
A breakdown showed FBN Holdings emerging the most traded shares in terms of volume, exchanging 73.4 million units for N513.2 million.
It was trailed by Union Diagnostic & Clinical Services, which sold 58 million shares for N29 million, and UBA, which traded 32 million shares worth N316.7 million.
Fidelity Bank exchanged 19.8 million at N31 million, while Zenith Bank transacted 17.2 million shares at N441.2 million.
Despite the NSE closing bearish today, the market breadth ended positive with 27 stocks appreciating in price, against 18 equities, which depreciated.
The gaining stocks were led by Flour Mills of Nigeria, which grew by N1.58k to settle at N33.69k per share.
It was followed by FBN Holdings, which appreciated by 60k to close at N7.11k per share, and NASCON, which rose by 45k to finish at N16 per share.
UBA advanced by 39k to close at N10 per share, while Dangote Sugar garnered 28k to settle at N15.50k per share.
A look at the major market indicators showed that the All-Share Index (ASI) lost 10.05 points to close at 36,877.15 points, while the market capitalisation dropped N3.5 billion to finish at N12.8 trillion.
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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