Economy
Nigerian Shares Open Week Bullish with 0.08% Growth
By Dipo Olowookere
The local bourse opened on a positive note on Monday after the public holiday declared last Friday to mark Eid-el Maloud in celebration of the birthday of Prophet Mohammed.
At the Nigerian Stock Exchange (NSE) yesterday, equities recorded a marginal growth of 0.08 percent to leave the year-to-date return at 41.30 percent.
However, the market breadth ended negative on Monday as there were 25 declining stocks as against 20 price gainers.
Also, the volume and value of shares transacted by investors reduced as a total of 500.2 million equities exchanged hands on Monday in 4,966 deals worth N6.4 billion compared with 11.8 billion shares valued at N21.4 billion traded in 5,152 deals last trading day on Thursday.
Business Post reports that Nestle led the gainers chart after adding N15.11k to its share value to settle at N1330.11k per share.
It was trailed by Seplat, which grew by N3 to close at N498 per share, and Total, which advanced by N2 to finish at N240 per share.
Cadbury gained N1.31k to end at N14.25k per share, while Nigerian Breweries progressed by N1.20k to close at N133.50k per share.
However, it was not a palatable story for Mobil, which topped the losers’ log after losing N7.44k to close at N152.21k per share.
It was followed by Guinness Nigeria, which went down by N4.87k to end at N92.64k per share, and Forte Oil, which depreciated by N1 to settle at N44.99k per share.
UAC of Nigeria declined by 50k to end at N17 per share, while CCNN shed 48k to settle at N9.39k per share.
At the close of transactions yesterday, it was Custodian and Allied that emerged the most traded stock in terms of volume, trading 70 million units worth N262.5 million.
FBN Holdings sold 56.9 million shares valued at N412 million, while Zenith Bank traded 55.6 million shares for N1.4 billion.
Transcorp exchanged 54.2 million shares valued at N72.3 million, and Fidelity Bank traded 50.5 million shares worth N103 million.
A look at the market indicators showed that the All-Share Index (ASI) slightly increased by 29.98 points to close at 37,974.58 points, while the market capitalisation added N10.8 billion to settle at N13.2 trillion.
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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