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Economy

Nigerian Shares Extend Rally as Investors Gain N67b

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By Modupe Gbadeyanka

Trading activities on the floor of the Nigerian Stock Exchange (NSE) closed on a positive note again on Tuesday as the major market indices closed in the green territory.

Business Post reports that a bit of profit taking was observed today and as at past 1pm, the stock market was in the red zone, but some late transactions pushed the market away from danger, finishing 0.42 percent higher after the close of business.

When the market ended for the day, 38 stocks appreciated in value, while 24 equities went down, leaving the market breadth to end positive.

The All-Share Index (ASI) appreciated by 187.31 points to close at 44,493.79 points, while the market capitalisation rose by N67 billion to finish at N15.950 trillion, and the year-to-date return stood at 16.34 percent.

At the close of trading activities on Tuesday, the volume of equities transacted by investors increased by 52.96 percent, while the value rose by 26.38 percent.

A total of 877 million shares worth N7.4 billion shares exchanged hands in 8,780 deals today compared with the 573.4 million equities bought and sold yesterday in 6,756 deals valued at N5.9 billion.

The Financial Services sector led the activity chart with 566.2 million shares exchanged for N3.5 billion, while the Conglomerates industry followed with 162.3 million equities traded for N416 million.

Transcorp topped the activity chart with a total of 161 million shares transacted for N393.7 million, followed by Diamond Bank, which sold 99.9 million shares valued at N318.4 million.

Skye Bank traded 93.6 million shares worth N141.3 million, Honeywell Flour exchanged 87.2 million units valued at N260.9 million, while FCMB transacted 74 million shares for N240.8 million.

Guinness Nigeria was the day’s biggest price gainer, appreciating by N3 to settle at N113              per share.

It was trailed by Beta Glass, which rose by N2.95k to close at N62.35k per share, and Dangote Cement, which increased by N2 to finish at N270 per share.

Presco improved by N1 today to end at N71 per share, while Stanbic IBTC also went up by N1 to finish at N46 per share.

At the other end, Nestle suffered the biggest price loss after going down by N30 to settle at N1470 per share.

Seplat followed after depreciating by N7.60k to close at N685 per share, and CCNN went down by 49k to end at N17.60k per share.

Unilever depreciated by 30k to close at N44.20k per share, while Air Service declined by 25k to finish at N5.35k per share.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Economy

SEC Postpones Q2 2026 Pre-registration Training, Examination for CMOs

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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.

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Economy

Fidson Lists Additional 600 million Shares on Stock Exchange

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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.”

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Economy

FG Approves Payments to 1,240 Contractors to Ease Liquidity Pressure

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FG contractors protest

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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