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Economy

Financial Stocks Lead N72b Nigerian Market Gain

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financial stocks

By Modupe Gbadeyanka

The Nigerian Stock Exchange (NSE) closed 0.56 percent higher on Wednesday to leave the year-to-date return at 37.26 percent.

Business Post reports that at the close of midweek trade, the Financial Services sector led the activity chart with 212.322 million shares exchanged for N2.392 billion, while the Consumer Goods came next with 15.986 million shares traded for N1.031 billion.

FBN Holdings transacted the highest number of shares, exchanging 40 million units worth N255 million.

It was followed by Sterling Bank, which traded 32 million shares valued at N32 million, and Diamond Bank moved 26 million shares for N26.3 million.

Stanbic Bank traded 20 million shares at N850.5 million, while Fidelity Bank exchanged 19.8 million for N30.4 million.

At the close of business on Wednesday, a total of 249.4 million shares valued at N5.2 billion were exchanged in 4,119 deals, in contrast to 259 million shares worth N3 billion traded by investors in 4,503 deals yesterday.

The All-Share Index (ASI) today appreciated by 206.91 points to settle at 36,887.20 points, while the market capitalisation improved by N71.6 billion to N12.8 trillion.

The market breadth closed positive on Wednesday with 23 stocks appreciating in value compared with 21 equities, which depressed.

Mobil led the gainers’ chart with an addition of N6 to its share price to settle at N161 per share, and was trailed by Dangote Cement, which increased by N3.50k to finish at N227.50k per share.

Presco rose by N3.32k to close at N69.82k per share, International Breweries appreciated by N1.1k to end at N50 per share, while Flour Mills of Nigeria progressed by 61k to end at N32.11k per share.

On the flip side, Nestle emerged the day’s biggest loser, shedding N2 of its share value to close at N1250 per share.

It was followed by Stanbic IBTC, which fell by N1.14k to finish at N42.50k per share, and NASCON, which slumped by 65k to end at N15.55k per share.

PZ Cussons declined by 39k to settle at N22.61k per share, while Cadbury also went down by 39k to close at N10.11k 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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