Economy
Market Value of Nigerian Equities Rises 4.92% to N15.111trn
By Dipo Olowookere
The value of equities listed on the local exchange increased by N709 billion or 4.92 per cent on Tuesday to N15.111 trillion from N14.402 trillion on Monday.
This significant growth in a single trading session was influenced by the renewed confidence in the stock market by domestic investors, who have remained very active at the market since the exit of the foreign portfolio investors early this year.
When the global health crisis, Coronavirus, found its way to Nigeria in late February and threatened the economy in March, offshore investors quickly pulled the plug, fearing the worse for the country.
However, the strategies adopted by the management of the Nigerian Stock Exchange (NSE), especially the remote trading, helped the market to remain active and this gave local investors the confidence the continue normal business transactions on the exchange.
Yesterday, the strong appetite for domestic equities buoyed the 1,354.88 points rise recorded by the All-Share Index (ASI), which closed the session at 28,909.37 points as against the previous day’s 27,554.49 points.
From the analysis of the sectorial performance by Business Post, the banking sector recorded the highest growth, rising by 7.48 per cent, while the industrial goods sector followed with a 5.64 per cent growth.
The consumer goods counter appreciated by 2.95 per cent, the energy industry improved by 1.15 per cent, while the insurance counter gained 0.26 per cent.
On the price movement chart, the stock exchange closed with 45 price gainers yesterday as against the eight price losers recorded.
On top of the gainers’ table were Dangote Cement, which appreciated by N14.20 to close at N158.20 per share, and MTN Nigeria, which grew by N7.70 to sell for N142.70 per share.
In addition, Presco appreciated by N5.50 to finish at N60.50 per unit, Nigerian Breweries rose by N3.50 to close at N52.30 per share, while Stanbic IBTC gained N2 to end at N42.50 per share.
On the losers’ log, Berger Paints claimed the top spot after going down by 40 kobo to trade at N6.10 per unit and was closely followed by NPF Microfinance Bank, which lost 12 kobo to sell at N1.25 per share.
Neimeth depreciated by 10 kobo to trade at N1.85 per unit, Red Star Express went down by 5 kobo to N3.25 per share, while Wapic Insurance fell by 3 kobo to 36 kobo per unit.
A look at the activity chart showed that a total of 749.5 million stocks worth N9.5 billion exchanged hands in 8,075 deals on Tuesday compared with the 603.9 million shares worth N7.4 billion transacted in 5,984 deals on Monday.
This indicated growth in the trading volume, value and number of deals by 24.10 per cent, 27.89 per cent and 34.94 per cent respectively.
Business Post observed that the heavy transactions on Zenith Bank shares seen lately continued yesterday as the lender was the most attractive to investors, selling 135.7 million units valued at N2.8 billion.
UBA traded 112.9 million equities worth N768.2 million, FBN Holdings transacted 89.9 million shares for N544.4 million, Access Bank exchanged 56.0 million units worth N426.3 million, while GTBank traded 40.1 million stocks valued at N1.2 billion.
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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