Economy
Nigerian Equities Finish 0.31% Higher to Halt Two-Day Loss
By Dipo Olowookere
Transactions on the floor of the Nigerian Stock Exchange (NSE) finished on a positive note on Thursday for the first time this week.
Business Post reports that the equity market ended 0.31 percent higher today thanks to the gains recorded by Dangote Cement, which appreciated by 1.59 percent.
Sector performance as measured by the NSE sector indices showed that the NSEIND, NSEINS10, NSEBNK10 and NSEOILG5 recorded respective gains of 0.65 percent, 0.44 percent, and 0.27 percent and 0.08 percent.
However, the NSEFBT10 declined by 0.83 percent at the close of business today.
For the All-Share Index (ASI), it appreciated by 125.83 points to settle at 40,875.69 points, while the market capitalisation increased by N45.5 billion to end at N14.766 trillion.
Just like yesterday, the market breadth still finished negative today with 21 stocks appreciating in value against 24 depreciating equities.
Dangote Cement was the biggest price riser on Thursday after adding N4 to its share value to close at N255 per share.
It was trailed by Ecobank, which rose by 65k to finish at N17 per share, and Eterna, which grew by 28k to close at N6.29k per share.
NASCON appreciated by 20k to end at N21.20k per share, while Zenith Bank advanced by 15k to settle at N27.50k per share.
On the flip side, GlaxoSmithKline emerged the biggest price loser today, going down by N3.35k to finish at N31.50k per share.
It was followed by International Breweries, which lost N2.70k to close at N51.70k per share, and Julius Berger, which fell by N1.20k to end at N24.70k per share.
Nigerian Breweries depreciated by 70k to close at N128.30k per share, while Union Bank went down by 30k to end at N6.65k per share.
Business Post’s Dipo Olowookere reports that the volume and value of transactions recorded by investors at the stock market improved on Thursday by 23.47 percent and 13.35 percent respectively.
By the time market activities were brought to a close, a total of 495.6 million shares were sold in 4,614 deals worth N7.7 billion compared with the 401.4 million units traded yesterday in 5,370 deals valued at N6.8 billion.
The shares of UBA caught the most attention of investors on Thursday, trading a total of 103.5 million units worth N1.2 billion.
Fidelity Bank sold 90.2 million shares valued at N241 million, while GTBank transacted 63 million equities for N2.8 billion.
Furthermore, Access Bank exchanged 40.3 million shares for N474.6 million, while FBN Holdings sold 31.4 million equities worth N380.6 million.
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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