Economy
Nigerian Stocks Close 0.28% Lower as Low Trade Persists
By Modupe Gbadeyanka
The Nigerian Stock Exchange (NSE) began the month of September on a negative note on Tuesday, closing 0.28 percent lower.
It was also the first trading day of the week following the 2-day public holiday declared last week by the Federal Government to mark Sallah on Friday and Monday.
Business Post reports that the volume of shares exchanged at the market today finished lower, though the value improved.
At the close of transactions, a total of 230 million shares were moved in 4,188 deals worth N4.8 billion in contrast to 266.5 million units traded in 2,263 deals last Thursday valued at N4 billion.
It was observed that banking stocks attracted greater interests from investors with Access Bank exchanging 63.3 million shares worth N606.9 million.
UBA sold 27.6 million shares at N246.9 million, while Zenith Bank exchanged 17.8 million shares worth N413.6 million.
FBN Holdings traded 14.8 million shares valued at N85.4 million, and Stanbic IBTC transacted 13 million shares worth N498.6 million.
On the price movement chart, Seplat lost N24.52k of its share value to close at N465.98k per share, while Total Plc shed N12 to settle at N233 per share.
Lafarge fell by N2.84k to finish at N54.14k per share, 7up declined by N2 to end at N90 per share, and Julius Berger slumped by N1.62k to finish at N30.87k per share.
At the other end, Guinness Nigeria led the gainers’ log after posting an impressive performance in its 2017 full year earnings today, adding N3.77k to its share value to settle at N79.27k per share.
It was followed by Mobil, which advanced by N2.39k to close at N167.50k per share, and Conoil, which grew by N1.30k to end at N29 per share.
Forte Oil progressed by 70k to wrap the day at N49.70k per share, while FBN Holdings expanded by 28k to finish at N5.98k per share.
A look at the market indicators showed the All-Share Index (ASI) going down by 100.7 points to close at 35,403.92 points, while the market capitalisation depreciated by N34.7 billion to finish at the day N12.2 trillion.
Also, the year-to-date return trimmed to 31.74 percent, while the market breadth closed negative with 21 advancing stocks and 25 decliners.
Business Post predicts that the bearish sentiments will likely continue tomorrow despite Nigeria getting out of recession, according to the National Bureau of Statistics (NBS) today.
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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