Economy
Nigerian Stock Market in ‘Python Dance’ Mood, Further Falls by 0.38%
By Modupe Gbadeyanka
Negative sentiments still persisted on the trading floor of the Nigerian Stock Exchange (NSE) today amid tension in the South Eastern part of the country caused by the deployment of troops to the region for the Operation Python Dance II exercise by the Nigerian Army.
The army started the exercise last Friday to clampdown on members of the Indigenous People Of Biafra (IPOB) led by their leader, Mr Nnamdi Kanu, who want to break away from the country. The military intervention has however received mixed reactions.
But at the resumption of transactions on the floor of the NSE on Monday, bears still held their grip on the market, closing 0.38 percent lower to reduce the year-to-date gain to 29.76 percent.
Business Post recalls that last Friday, the stock market lost 1.84 percent at the close of activities with investors losing N226 billion.
Today, the market capitalisation further went down by N46.5 billion to settle at N12 trillion, while the All-Share Index (ASI) depreciated by 132.50 points to close at 34,873.07 points.
The market, which closed with 14 advancing stocks and 18 depreciating equities, saw Seplat emerging the heaviest decliner, crashing by N24.3k to finish at N456.76k per share.
It was followed by Nigerian Breweries, which fell by N5 to close at N170 per share, and Presco, which slumped by N2.49k to end at N58 per share.
Lafarge declined by 97k to settle at N49 per share, while Oando lost 30k of its share value to finish at N5.75k per share.
On the flip side, GTBank topped the gainers’ chart with N1 growth to close at N38 per share, while Cadbury moved up by 49k to finish at N11 per share.
Furthermore, Newrest ASL Nigeria (Air Service) grew by 32k to end at N6.82k per share, Stanbic IBTC advanced by 30k to finish at N39.50k per share, and Ecobank increased by 20k to close at N18 per share.
Though the volume of shares traded by investors slightly went up today, the value went down by 50 percent as a total of 162.7 million equities exchanged hands today in 3,225 deals worth N1.5 billion against 160 million shares transacted last Friday in 3,367 deals valued at N3 billion.
A breakdown of these transactions showed Access Bank emerging the most traded stocks in terms of volume, exchanging 35.4 million units worth N354.2 million.
It was trailed by Meyer, which moved 18.9 million shares valued at N13.2 million, and Fidelity Bank, which transacted 18.6 million shares valued at N24 million.
FBN Holdings traded 13.8 million shares at N75.7 million, while FCMB exchanged 12.6 million shares valued at N13.2 million.
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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