Economy
Nigerian Stocks Fall Despite Rise in Trading Volume, Value
By Modupe Gbadeyanka
The Nigerian Stock Exchange (NSE) finished lower on Thursday to reverse gains recorded on Wednesday, when the market rose by 1.04 percent after three consecutive bearish sessions. This was mainly caused by the last minute loss recorded by Dangote Cement.
At the close of activities yesterday, the Nigerian stock market depreciated by 0.05 percent to reduce the year-to-date return to 30.94 percent.
Business Post reports that the trading volume and value, which had been low for some days now, picked up on Thursday, with investors exchanging 429.2 million shares in 3,271 deals worth N8.7 billion, compared with 137.4 million shares traded on Wednesday in 2,977 deals valued at N1.1 billion.
It was observed that despite the loss recorded yesterday on the floor of the NSE, the market breadth closed positive for the first time in days, with 25 stocks appreciating in price against 20 equities that declined.
Banking stocks attracted interests from investors with GTBank emerging the most traded equity, exchanging 171.8 million units at N6.7 billion.
It was followed by Access Bank, which traded 39.8 million shares worth N386 million, and Jaiz Bank, which transacted 39.2 million shares valued at N26.6 million.
In addition, FCMB exchanged 29.4 million shares at N29.4 million, while Zenith Bank traded 25.5 million shares worth N561.5 million.
A look at the market indicators showed that the All-Share Index (ASI) lost 18.92 points to close at 35,188.97 points, while the market capitalisation depreciated by N6.5 billion to settle at N12 trillion.
On the price movement chart, Total Plc led the losers’ table after declining by N6 to settle at N225 per share.
It was trailed by Dangote Cement, which fell by N3.39k to close at N210 per share, and Okomu Oil, which slumped by N3.29k to finish at N63.21k per share.
Flour Mills of Nigeria declined by 45k to close at N26.55k per share, while Custodian and Allied went down by 14k to end at N3.46k per share.
On the flip side, Nigerian Breweries increased by N5 to close at N173 per share, while Guinness Nigeria went up by N2.48k to finish at N99.28k per share.
Lafarge progressed by 38k to end at N49.48k per share, GTBank grew by 25k to settle at N38.95k per share, and FBN Holdings added 22k to its share value to wrap the day at N5.37k per share.
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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