Economy
Nigerian Stocks Extend Losses to Three as Negative Sentiments Persist
By Modupe Gbadeyanka
Trading activities on the floor of the Nigerian Stock Exchange (NSE) closed on a bearish note on Thursday, making it the third day in a row the stock exchange was recording losses this week as a result of continued selloffs of some high cap stocks at the market.
The weakening of the local bourse has been influenced by investor sentiment towards the market, which has remained bearish in the absence of any significant market information to arouse any buying interest.
Though the depreciation recorded by the stock market yesterday was marginal, 0.07 percent, it left the year-to-date gain at -2.66 percent.
While the All-Share Index reduced by 26.81 points to close at 37,226.44 points, the market capitalisation shed N10 billion to finish at N13.485 trillion.
Business Post reports that at wrap of transactions, the local bourse finished with a total of 16 gainers and 28 price losers.
Beta Glass emerged as the highest price loser yesterday after losing N9.10k of its share value to finish at N81 per share.
Forte Oil declined by N1.10k to settle at N30.20k per share, while Nigerian Breweries depreciated by 80 kobo to close at N110.20k per share.
Dangote Sugar decreased by 50 kobo to end at N17 per share, while GlaxoSmithKline went down by 45 kobo to close at N18.55k per share.
On the flip side, International Breweries topped the gainers’ chart on Thursday, adding N2.15k to its share price to settle at N40.50k per share.
It was followed by Dangote Cement, which went up by N2 to close at N227 per share, and Lafarge, which grew by 60 kobo to end at N34.50k per share.
Custodian Investment appreciated by 53 kobo to close at N6.80k per share, while Stanbic IBTC flourished by 50 kobo to end at N51.50k per share.
The volume of transactions recorded at the market yesterday increased by 22.08 percent just as the value of trades went up by 22.85 percent.
The market recorded a total of 350.5 million shares exchanging hands on Thursday in 3,228 deals worth N4.6 billion in contrast to the 287.1 million shares sold on Thursday in 3,526 deals valued at N3.6 billion.
The Financial Services sector led the activity chart with 179.9 million equities exchanged for N1.9 billion and was followed by the Services industry, which recorded the sale of 88.6 million shares valued at N484 million.
NAHCO emerged the most traded stock yesterday, selling a total of 88.1 million shares valued at N483.5 million.
It was followed by Access Bank, which sold 42.9 million equities traded for N428.8 million, and Zenith Bank, which exchanged 40.8 million shares valued at N980.2 million.
Sovereign Trust Insurance transacted 33.8 million for N7 million, while International Breweries traded 21 million equities worth N777 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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