Economy
Nigerian Equities Gain 1.49% as Buying Pressure Persists
By Dipo Olowookere
Transactions on the floor of the Nigerian Stock Exchange (NSE) started the first trading day of the week on a positive note.
This was mainly influenced by buying pressure witnessed on large cap stocks in the Industrial Goods and the Oil and Gas sectors.
At the close of business activities, the local bourse appreciated by 1.49 percent, expanding the year-to-date return to 13.78 percent.
In addition, the market breadth closed positive with 32 price gainers and 25 price losers.
The biggest price gainer was Seplat, which added N59.90k to its share value to settle at N760 per share.
It was followed by Total Plc, which grew by N11.50k to close at N254 per share, and Dangote Cement, which appreciated by N10 to finish at N275 per share.
Presco advanced by N5.25k to end at N78 per share, while Beta Glass increased by N3.60k to close at N75.70k per share.
At the other hand, Mobil led the losers’ table after going down by N2 to settle at N175 per share, while Guinness Nigeria went down by N1.70k to close at N98 per share.
Nigerian Breweries depreciated by N1.10k to end at N129.90k per share, Flour Mills declined by 55k to close at N33.5k per share, while Zenith Bank lost 45k to finish at N31.10k per share.
But despite the gains recorded by the Nigerian bourse on Monday, the volume and value of equities traded by investors went down by 37.48 percent and 37.13 percent respectively.
A total of 252 million shares worth N5.8 billion were traded today in 4,270 deals compared with 403 million shares sold at the last trading session valued at N9 billion in exchanged in 4,738 deals.
Business Post reports that GTBank emerged the most trading stock at the market on Monday, trading 46 million units for N2.3 billion.
It was trailed by Access Bank, which sold 28.7 million shares worth N383 million, and FBN Holdings, which transacted 25.4 million equities for N292.7 million.
Courteville Business Solutions exchanged 15.4 million equities valued at N4.7 million, while UBA traded 13.6 million shares at N173.9 million.
Business Post expects the positive momentum to be maintained tomorrow as investors await release of more companies’ earnings this week.
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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