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Economy

Continuous Sell-offs Bury Nigerian Equities in Red Zone

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Nigerian Equities

By Modupe Gbadeyanka

The free-fall at the trading floor of the Nigerian Stock Exchange (NSE) continued on Tuesday with sell-offs majorly seen in the banking and oil and gas sectors.

The local bourse closed 0.43 percent lower yesterday with the Year-to-Date (YtD) returns shrinking to 5.25 percent.

The All-Share Index (ASI) went down by 175.78 points to close at 40,249.29 points, while the market capitalisation declined by N63 billion to finish at N14.580 billion.

The Financial Services sector led the activity chart yesterday with 170.7 million shares sold for N1.8 billion, while the Services industry followed with 39.5 million equities exchanged for N78 million.

At the close of transactions, a total of 281.3 million shares were sold on Tuesday in 4,304 deals worth N4.1 billion compared with the 271.3 million equities traded at N2.3 billion.

This showed a 3.68 percent increase in the volume of shares traded yesterday and 77.68 percent in the value of equities sold by investors.

Business Post reports that Ikeja Hotels led the activity chart with 34.6 million shares worth N70.5 million exchanged by investors on Tuesday.

Fidson followed with 32.4 million equities traded at N180.2 million, and Zenith Bank, which sold 26.5 million shares valued at N740.9 million.

FBN Holdings exchanged 17.7 million shares valued at N189.7 million, while Sovereign Trust Insurance sold 17.2 million shares worth N4.4 million.

On the price movement chart, Mobil Oil Nigeria led the losers’ table with N8.50k of its share value lost to close at N172.50k per share.

Dangote Cement trailed with N1 lost to finish at N244 per share, and Dangote Sugar fell by 70k to close at N18.25k per share.

Nigerian Breweries also went down by 70k to end at N123 per share, while Flour Mills declined by 65k to settle at N33.35k per share.

At the other end, Okomu Oil increased by N3.90k to close at N82.30k per share, while CCNN advanced by N1.20k to end at N25.20k per share.

NNFM grew by 30k to close at N6.85k per share, Access Bank rose by 20k to finish at N10.90k per share, and Ikeja Hotels garnered 18k to settle at N2.04k per share.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Economy

SEC Postpones Q2 2026 Pre-registration Training, Examination for CMOs

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capital market operators

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.

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Economy

Fidson Lists Additional 600 million Shares on Stock Exchange

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fidson

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.”

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Economy

FG Approves Payments to 1,240 Contractors to Ease Liquidity Pressure

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FG contractors protest

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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