Economy
Nigerian Equities Sustain Upward Trend With N70b Gain
By Modupe Gbadeyanka
The positive momentum, which returned on the floor of the Nigerian Stock Exchange (NSE) yesterday, mainly influenced by Nestle, was again retained today also by gains recorded by Nestle at the market.
Business Post reports that at the close of transactions on Thursday, investors posted a gain of N70 billion, further boosting their confidence that the week might eventually end positive tomorrow.
Unlike yesterday, the volume of transactions and market turnover increased today with 128.3 million shares transacted by investors in 3,241 deals worth N2.7 billion, compared with 119.9 million shares traded on Wednesday in 3,015 deals valued at N1.8 billion.
A larger percentage of those trades were dominated by banking stocks with Zenith Bank emerging the most active, exchanging 20.2 million shares worth N451.8 million.
It was trailed by GTBank, which traded 19 million shares at N724.5 million, and Skye Bank, which moved 10.5 million shares worth N5.4 million.
FBN Holdings transacted 7.3 million shares at N42 million, while Jaiz Bank sold 7.1 million shares valued at N4.7 million.
On the price movement chart, Nestle topped the gainers’ log with N15 added to its share value to settle at N1205 per share.
Dangote Cement rose by N4.99k to finish at N213.99k per share, while Okomu Oil grew by N3.61k to end at N66.50k per share.
Flour Mills of Nigeria advanced by 50k to close at N27 per share, and Nigerian Breweries moved up by 49k to finish at N180.55k per share.
On the flip side, Total Plc went down by N2.90k to settle at N232.10k per share, while Unilever lost N2.20k to finish at N41.80k per share.
In the same vein, ConOil fell by N1.45k to close at N27.55k per share, Zenith Bank depreciated by 55k to end at N22.20k per share, and International Breweries shed 47k to wrap the day at N37.53k per share.
Business Post also reports that when market activities were brought to a halt on Thursday, the year-to-date was pushed forward to 32.69 percent following 0.55 percent rise recorded by the NSE, while the All-Share Index (ASI) grew by 195.7 points to settle at 35,660.04 points.
In addition, the market capitalisation increased by N70 billion to close at N12.3 trillion, while the market breath still remained negative like yesterday, closing today with 16 gainers and 22 losers.
Business Post observed that investors are treading cautiously at the market as they look forward to the release of third quarter earnings of listed stocks next month.
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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