Economy
Nigerian Stock Market Index Hits New All-time High of 67,527.19 points
By Dipo Olowookere
The first trading session in September 2023 on the floor of the Nigerian Exchange (NGX) Limited closed on a positive, with a 1.67 per cent growth on Friday.
The local bourse also broke a record in the trading session after the All-Share Index (ASI) gained 978.20 points to hit a new all-time high of 67,527.19 points. The previous day, it closed at 66,548.99 points, which was its highest level in 15 years.
It was observed that the feat was achieved because investors were willing to stake more funds in Nigerian stocks, raising the market capitalisation of the bourse by N535 billion at the close of business to N36.958 trillion from N36.423 trillion.
Business Post reports that all the key sectors of the market attracted traders today, with the banking, insurance, industrial goods, consumer goods, and energy counters growing by 4.69 per cent, 1.68 per cent, 1.63 per cent, 1.46 per cent, and 0.07 per cent, respectively.
The market breadth index reflected the enthusiasm investors had for the domestic equities during the session, as the exchange closed with 41 price gainers and 14 price losers.
Dangote Sugar, Lasaco Assurance, and Tantalizers improved their share prices by 10.00 per cent each to N60.50, N1.98, and 33 Kobo apiece, as NASCO rose by 9.99 per cent to N55.60 and NAHCO appreciated by 9.96 per cent to N25.95.
On the flip side, Prestige Assurance declined by 8.70 per cent to 42 Kobo, GlaxoSmithKline lost 6.47 per cent trade at N13.00, Honeywell Flour depreciated by 5.88 per cent to N3.20, Champion Breweries shed 5.71 per cent to N3.30, and May and Baker fell by 4.90 per cent to N4.85.
Despite the upbeat, the level of transactions decreased on Friday, with the trading volume, value, and the number of deals going down by 18.87 per cent, 4.17 per cent, and 4.59 per cent apiece.
This was because 503.8 million shares worth N6.9 billion were traded in 7,606 deals during the session compared with the 621.0 million shares worth N7.2 billion transacted in 7,972 deals yesterday.
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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