Economy
Equity Investors Gain N165bn After Two-Day Stalemate
By Dipo Olowookere
After closing flat for two straight sessions, the Nigerian Stock Exchange (NSE) on Friday bounced back to finish 1.11 per cent higher.
The growth was influenced by buying pressure across the major sub-sectors of the market tracked, especially in the banking space, which appreciated by 4.47 per cent.
The consumer goods sector grew by 1.29 per cent, the energy counter improved by 1.08 per cent, the insurance industry increased by 0.63 per cent, while the industrial goods index rose by 0.34 per cent.
At the close of business, the All-Share Index (ASI) moved up by 315.41 points to 28,659.45 points from 28,344.04 points, while the market capitalisation went up by N165 billion to N14.980 trillion from N14.815 trillion.
Business Post reports that the market breadth, which measures investor sentiment, was positive today as there were 30 price gainers and 11 price losers, with 17 closing flat.
Leading the gainers’ chart was Total Nigeria, which added N10.20 to its equity price to settle at N112.20 per unit and was trailed by Presco, which rose by N5.40 to finish at N65.90 per unit.
Zenith Bank appreciated by N1.55 to close at N21.55 per share, NASCON improved by 90 kobo to end at N13 per unit, while GTBank gained 85 kobo to finish at N30.35 per share.
On the losers’ table, Eterna picked the top spot after losing 39 kobo to settle at N4.90 per share and was followed by eTranzact, which fell by 18 kobo to close at N1.73 per unit.
Cutix also depreciated by 18 kobo to finish at N1.62 per share, Fidson lost 6 kobo to end at N3.50 per share, while the value of Union Bank went down by 5 kobo to N4.95 each.
During the session, the value of shares transacted by investors decreased by 6.34 per cent to N4.7 billion from N5.0 billion, while the volume of stocks traded rose by 42.93 per cent to 489.1 million units from 342.2 million units, with the number of deals rising by 39.62 per cent to 5,652 from 4,048.
Much of the trades were done on banking equities with UBA emerging the most attractive, trading 100.2 million units valued at N696.3 million.
Zenith Bank exchanged 73.9 million shares for N1.6 billion, FBN Holdings traded 54.2 million stocks worth N344.0 million, Fidelity Bank sold 34.6 million equities valued at N70.9 million, while investors traded 29.2 million Access Bank shares for N230.0 million.
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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