Economy
Nigerian Bourse Sustains Growth by 0.17%
By Dipo Olowookere
Transactions on the Nigerian Stock Exchange (NSE) closed positive on Friday with the local bourse sustaining its upward movement by 0.17 percent.
Yesterday, there was a significant rise in the volume and value of equities traded by investors on the floor of the NSE as a result of activities around Access Bank stock.
The counter sold 1.2 billion units worth N15.5 billion, pushing the total volume of shares transacted by 167.33 percent, while the value increased by 480.66 percent.
A total of 1.5 billion shares exchanged hands on Friday in 4,599 deals worth N19.7 billion compared with 574.8 million stocks traded for N3.4 billion in 4,340 deals on Thursday.
At the close of business yesterday, the Financial Services sector led the activity chart with 1.4 billion shares exchanged for N17.8 billion, while the Consumer Goods sector followed with 80.2 million equities sold for N1.7 billion.
Business Post reports that the All-Share Index (ASI) appreciated yesterday by 75.24 points to settle at 43,167.86 points, while the market capitalisation advanced by N27.8 billion to finish at N15.508 trillion.
On the price movement chart, Nestle topped the gainers’ log after increasing by N6 to finish at N1381 per share.
It was followed by Nigerian Breweries, which improved by N3 to close at N129.5 0k per share, and Dangote Cement, which also appreciated by N3 to end at N265 per share.
Lafarge grew by N1.80k to settle at N53 per share, while Total Plc also added N1.80k to its share value to close at N242 per share.
At the other end, Unilever emerged the biggest price loser after going down by N2.40k to finish at N62.20k per share.
GTBank depreciated by N1.30k to close at N47.70k per share, while Stanbic IBTC declined by 85k to end at N48.50k per share.
Forte Oil shed 80k yesterday to settle at N44 per share, while NASCON went down by 65k to finish at N23.90k per share.
Economy
SEC Postpones Q2 2026 Pre-registration Training, Examination for CMOs
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.
Economy
Fidson Lists Additional 600 million Shares on Stock Exchange
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.”
Economy
FG Approves Payments to 1,240 Contractors to Ease Liquidity Pressure
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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