Economy
Industrial Stocks Help NSE Index Rise 2.92%
By Dipo Olowookere
Stocks in the industrial goods sector led by Dangote Cement helped the local bourse sustain its bullish run on Thursday, appreciating by 2.92 percent at the close of business.
The cement giant mainly contributed to the 7.98 percent rise posted by the sector, which was the only gainer yesterday. Selloffs in the banking sector caused its 0.39 percent downfall during the session just as the profit taking affected the consumer goods sector, which went down by 0.21 percent and the oil/gas index, which declined by 0.07 percent, with the insurance sector closing flat.
Dangote Cement topped the gainers’ chart on Thursday after adding N11 to its share value to close at N175 per unit, while MTN Nigeria followed closely with a growth of N6.50 to finish at N116 per share.
Presco continued it positive momentum with a price appreciation of N5.05 to end at N57.05 per unit, GTBank gained N1.30 to settle at N32.55 per share, while Lafarge Africa rose by 55 kobo to close at N15.40 per unit.
On the losers’ side, Union Dicon claimed the number one position with a price depreciation of N1.20 to close at N10.95 per share, while Access Bank trailed with a decline of 65 kobo to finish at N10.95 per share.
Unilever Nigeria depreciated by 60 kobo to close at N19 per unit, UBA lost 50 kobo to settle at N8.35 per share, while Flour Mills went down by 40 kobo to finish at N23 per share.
Activity level was dull on Thursday as the volume of shares traded by investors reduced by 6.56 percent to 693.2 million from 741.8 million, while the value dropped 19.22 percent to N7.4 billion from N9.2 billion, with the number of deals executed decreasing by 12.96 percent to 6,634 from 7,622.
Wapic Insurance was the most traded stock at the market yesterday, selling 190.1 million units worth N68.5 million, while Transcorp trailed with 82.8 million shares worth N89.8 million.
Zenith Bank exchanged 80.8 million units valued at N1.8 billion, FBH Holdings transacted 41.6 million equities worth N315.6 million, while UBA sold 39.7 million shares worth N337.0 million.
Business Post reports that at the close of transactions on Thursday, the All-Share Index (ASI) increased by 833.09 points to 29,395.57 points from 28,562.48 points, while the market capitalisation significantly went up by N1.4 trillion as a result of the listing of BUA Cement shares on the exchange to close at N15.164 trillion from N13.787 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.
-
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