Economy
Market Capitalisation Drops By N172b On NSE
Dealings on the Nigerian Stock Exchange (NSE) on Thursday ended on a rather bad note as market capitalisation dipped by N172 billion or 1.79 percent.
This was because major stocks traded on the stock exchange recorded price losses.
The All-Share Index, which opened at 27,880.46 at the beginning of the market on Thursday, dropped by 500.51 points to close at 27,379.95.
On Wednesday, the market capitalisation had closed lower at N9.403 trillion from the N9.575 trillion.
The News Agency of Nigerian (NAN) reports that Dangote Cement led the price losers’ chart by N8.5 to close at N172 per share, while Forte Oil depreciated by N1.6 to close at N177 and Nigerian Breweries lost N1.1 to close at N140.65 per share.
For Dangote Sugar, it dipped by 30k to close at N6.5, while Zenith Bank fell by 29k to close at N15.3 per share.
On the other hand, Seplat led the price gainers’ chart by N4.89 to close at N275 per share.
7UP followed the gainers with N3.83 to close at N113, while CAP grew by N1.36 to close at N28.66 per share.
Flour Mill appreciated by 4k to close at N20 and Glaxosmith improved by 1k to close at N18.6 per share.
FBN Holdings exchanged 42.67 million shares valued at N132.29 million, while UBA exchanged 20.29 million shares worth N90.62 million.
GTBank traded 11.15 million shares valued at N292.21 million, while Zenith Bank accounted for 8.82 million shares worth N136.88 million
The Financial Service Sector drove activity in the market as Diamond Bank emerged the most traded stock, accounting for 54.46 million shares worth N57.34 million.
In all, investors exchanged a total of 215.34 million shares worth N1.42 billion in 2,939 deals.
This was against the 230.29 million shares valued at N2.95 billion traded in 3,002 deals on Wednesday.
NAN
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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