Economy
Nigerian Stocks Gain 0.89% to Open Week Bullish
By Dipo Olowookere
The first trading session of the new week at the exchange located on Customs Street, Victoria Island, Lagos closed bullish as Nigerian stocks appreciated by 0.89 per cent on Monday.
The gains recorded by 26 equities, which overpowered the losses printed by eight shares pushed the All-Share Index (ASI) higher by 340.48 points to 38,722.87 points from the previous 38,382.39 points and lifted the market capitalisation by N178 billion to N20.260 trillion from N20.082 trillion.
Business Post observed that the growth achieved yesterday was influenced by gains across the key sectors of the market with the exception of the banking counter, which slightly went down by 0.01 per cent.
The industrial goods sector appreciated by 2.12 per cent, the insurance space grew by 0.44 per cent, the consumer goods index rose by 0.29 per cent, while the energy counter gained 0.14 per cent.
On the price movement chart, Berger Paints topped the gainers’ group after it appreciated by 10.00 per cent to close at N18.70.
Stanbic IBTC also gained 10.00 per cent to sell for N44, UAC Nigeria rose by 6.67 per cent to N8, John Holt expanded by 6.52 per cent to 49 kobo, while International Breweries gained 5.88 per cent to quote at N5.40.
At the losers’ end, Champion Breweries led with a price depreciation of 8.20 per cent, closing at N2.24 and was trailed by Jaiz Bank, which fell by 4.48 per cent to 64 kobo.
Japaul declined by 4.08 per cent to trade at 47 kobo, Consolidated Hallmark Insurance decreased by 3.23 per cent to 30 kobo, while Learn Africa went down by 2.73 per cent to N1.07.
Despite the growth posted on Monday, the level of activity reduced as the trading volume went down by 4.60 per cent to 277.2 million units from 290.6 million units, the trading value decreased by 24.00 per cent to N3.1 billion from N4.0 billion, while the number of deals went down by 0.28 per cent to 4,299 deals from 4,311 deals.
The announcement of a dividend by the board of Union Bank for 2020 financial has spurred interest in the stock and yesterday, the lender traded 79.9 million units of its shares worth N423.4 million.
GTBank exchanged 36.1 million equities valued at N1.1 billion, FBN Holdings transacted 33.3 million stocks for N242.5 million, Zenith Bank sold 25.0 million shares for N562.5 million, while Transcorp traded 24.1 million stocks valued at N19.5 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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