Economy
Equity Investors’ Wealth Grows N1.158trn on Sallah Eve Trading Session
By Dipo Olowookere
The domestic stock market appreciated by 1.63 per cent at Thursday’s trading session ahead of the Eid-El Kabir (Sallah) break on Friday and Monday.
Investors were in high spirits yesterday, with bargain-hunting dominating the Nigerian Exchange (NGX) Limited because of the renewed confidence in the market.
Consequently, the market capitalisation closed higher by N1.158 trillion to N72.276 trillion from the preceding day’s N71.118 trillion and the All-Share Index (ASI) increasing by 1,835.02 points to 114,616.75 points from 112,781.73 points.
Business Post reports that the commodity index gained 2.96 per cent, the energy space improved by 2.73 per cent, the industrial goods sector surged by 2.37 per cent, the banking counter rose by 2.21 per cent, the insurance industry soared by 1.31 per cent, and the consumer goods index went up by 1.02 per cent.
It was a busy session on Customs Street on Thursday due to strong appetite for local equities, with the trading volume, value and number of deals spiking by 144.40 per cent, 104.27 per cent, and 21.72 per cent apiece.
A total of 1.5 billion stocks valued at N33.5 billion exchanged hands in 16,410 deals during the session versus the 598.2 million stocks worth N16.4 billion traded in 13,482 deals at midweek.
Fidelity Bank was traders’ toast yesterday, leading the activity chart with the sale of 829.7 million equities for N16.0 billion, followed by Legend Internet, which exchanged 180.3 million units for N1.0 billion.
Further, Zenith Bank transacted 62.8 million shares valued at N3.1 billion, Japaul traded 34.8 million equities worth N69.6 million, and GTCO sold 30.9 million units valued at N2.2 billion.
Investor sentiment remained bullish during the trading day after the bourse ended with 40 appreciating equities and 22 depreciating equities, representing a positive market breadth index.
Champion Breweries and NGX Group gained 10.00 per cent each to sell for N7.70, and N39.60 apiece, MTN Nigeria appreciated by 9.99 per cent to N319.20, Oando soared by 9.96 per cent to N56.85, and Morison Industries chalked up 9.90 per cent to trade at N3.22.
On the flip side, Northern Nigeria Flour Mills depreciated by 9.97 per cent to N125.05, ABC Transport crashed by 9.77 per cent to N2.40, Legend Internet weakened by 9.49 per cent to N5.34, Livestock Feeds soured by 7.82 per cent to N8.25, and Omatek deflated by 7.59 per cent to 73 Kobo.
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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