Economy
Market Indices Close Bullish as Investors Gain N14b
By Dipo Olowookere
The last trading day of the week on the Nigerian Stock Exchange (NSE) ended bullish on Friday as investors take advantage of the low prices of high value stocks to increase their holdings.
The bargain hunting led to the 0.12 percent growth recorded by the market with the All-Share Index (ASI) appreciating by 39.16 absolute points to close at 32,456.98 absolute points, and the market capitalisation increasing by N14 billion to finish at N11.849 trillion.
The Financial Services emerged the most active sector at the market, accounting for 98.7 million units of shares exchanged for N1.3 billion.
This was followed by equities in the Consumer Goods industry, which transacted 39.4 million units valued at N694 million.
A further breakdown showed that Honeywell Flour was the busiest stock at the session, trading 22.9 million shares worth N29.6 million.
FBN Holdings transacted 14.9 million shares valued at N135.6 million, while Zenith Bank exchanged 13.6 million equities for N300.7 million.
Furthermore, Ecobank recorded the sale of 11.6 million units of its stocks worth N203.3 million, while GTBank traded 11.6 million units for N422.7 million.
At the close of transactions, a total of 162.4 million shares worth N2.2 billion exchanged hands on Friday compared with the 148.5 million equities transacted on Thursday worth N2.9 billion.
This indicated that the volume of shares traded yesterday increased by 9.35 percent, while the value dropped by 21.70 percent.
The heaviest price loser on Friday at the close of market was Nestle Nigeria, which fell by N30 to finish at N1400 per share.
It was followed by Flour Mills, which depreciated by N1.15k to end at N20.80k per share, and Cadbury Nigeria, which went down by 80 kobo to settle at N9.50k per share.
Cutix declined by 43 kobo to close at N3.90k per share, while Axa Mansard shed 18 kobo to settle at N1.80k per share.
However, Nigerian Breweries put up a good performance and got a reward of N3, closing the day at N88 per share.
International Breweries grew by N1.50k to settle at N32 per share, while Unilever Nigeria appreciated by N1 to close at N43.50k per share.
Zenith Bank rose by 15 kobo to end at N22.20k per share, while Access Bank went up by 10 kobo to quote at N8 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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