Economy
Investors Sustain Selloff as Stocks Shed N40bn
By Dipo Olowookere
The first trading session of the week on the Nigerian Stock Exchange (NSE) ended on a negative note after the market lost 0.27 per cent on Monday.
This was caused by the sustained selloff by investors, who have continued to take profit, leaving the market in red for the past four consecutive trading sessions.
Yesterday, the All-Share Index (ASI) continued its downward movement after depreciating by 77.82 points to settle at 28,337.49 points versus 28,415.31 points of the previous session.
In the same vein, the market capitalisation further reduced by N40 billion to close at N14.812 trillion in contrast to N14.852 trillion it ended last Friday.
Apart from the value of transactions, which rose by 26.53 per cent on Monday to N5.1 billion from N4.0 billion, the two other performance indicators on the activity chart pointed south.
The trading volume reduced by 3.90 per cent to 369.2 million units from 384.1 million units, while the number of deals executed by investors decreased by 17.52 per cent to 4,750 deals from 5,759 deals.
UBA was the most attractive stock to market participants yesterday, trading 95.1 million units valued at N678.7 million and was trailed by GTBank, which transacted 65.2 million units worth N2.0 billion.
Zenith Bank exchanged 47.2 million equities valued at N944.3 million, FBN Holdings sold 37.6 million shares for N231.9 million, while Transcorp traded 28.1 million stocks worth N18.2 million.
The market breadth ended the session negative with 16 price losers and 13 price gainers, with Flour Mills dominating the losers’ table after losing N1 to close at N21 per unit.
BUA Cement depreciated by 60 kobo to finish at N40.90 per share, MTN Nigeria went down by 50 kobo to N140 per unit, International Breweries fell by 43 kobo to N4.29 per share, while Africa Prudential shed 13 kobo to close at N5.60 per unit.
On the flip side, Seplat was the highest price gainer, adding N10 to its share value to finish at N420 per unit, while Eterna gained 36 kobo to sell for N3.99 per unit.
Access Bank appreciated by 10 kobo to close at N7.90 per share, Cutix improved by 8 kobo to settle at N1.80 per unit, while FCMB grew by 5 kobo to N2.31 per share.
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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