Economy
Dangote Cement Lifts NSE Index after Gaining N5 Per Share
By Dipo Olowookere
For the first time this week, the Nigerian stock market finished bullish, closing 0.65 percent higher.
Business Post reports that bargain hunting activities as well as gains recorded by Dangote Cement and other stocks lifted the spirit of investors at the market today.
The Nigerian Stock Exchange (NSE) had had to battle with profit taking for the past three sessions this week until Dangote Cement came to its rescue on Thursday.
At the close of business today, the All-Share Index (ASI) increased by 244.15 points to close at 37,743.22 points, while the market capitalisation appreciated by N88 billion to settle at N13.673 trillion.
Dangote Cement, which topped the gainers’ table today, rose by N5 to close at N228 per share, while Nigerian Breweries followed with a gain of N2 to close at N113 per share.
Furthermore, Cement Company of Northern Nigeria (CCNN) grew by N1.10k to close at N24.30 per share, Julius Berger went up by 90 Kobo to end at N28.95k per share, while Dangote Sugar improved by 65 kobo to close at N19 per share.
Conversely, Mobil Oil Nigeria posted the highest price loss today after losing N15 of its share value to settle at N175 per share.
It was followed by Flour Mills, which went down by N1.75k to close at N31 per share, and International Breweries, which depreciated by N1.35k to close at N41 per share.
UAC of Nigeria fell by 35 Kobo today to close at N13.55k per share, while NEM Insurance lost 30 kobo to close at N3.10k per share.
While the volume of shares traded by investors today decreased by 0.52 percent, the value went up by 88.31 percent.
A total of 503.1 million shares were traded on Thursday in 3,710 deals worth N5.9 billion in contrast to the 505.7 million valued at N3.1 billion sold on Wednesday at the market.
It was observed that the Financial Services sector led the activity chart today with 444.3 million shares exchanged for N5.1 billion, while the Oil and Gas thanks industry followed with 21.4 million shares traded for N86 million.
But UBA emerged the toast of investors today with the firm selling a total of 294.9 million shares worth N3.1 billion.
It was followed by Zenith Bank, which traded 38.3 million equities for N930.7 million, and Access Bank, which exchanged 34.4 million shares worth N356.1 million.
GTBank transacted 13.7 million shares valued at N546.1 million, while FBN Holdings sold 11.8 million equities valued at N123.5 million.
With the gains recorded, investors would be expecting the market to maintain today’s momentum tomorrow when the market resumes for the last time this week.
Economy
SEC Postpones Q2 2026 Pre-registration Training, Examination for CMOs
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.
Economy
Fidson Lists Additional 600 million Shares on Stock Exchange
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.”
Economy
FG Approves Payments to 1,240 Contractors to Ease Liquidity Pressure
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.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
