Economy
Nigerian Stocks Gain 1.20% Amid Weak Investor Sentiment
By Dipo Olowookere
The uptrend seen lately at the Nigerian Stock Exchange (NSE) continued on Tuesday with the market closing 1.20 per cent higher.
As it was in the previous session, yesterday’s outcome was boosted by the interest in the equities of Dangote Cement as investors are buying the stock because of the share buy-back programme of the company scheduled for next week.
At the close of business on Tuesday, the All-Share Index (ASI) increased by 450.21 points to settle at 37,893.61 points in contrast to the previous 37,443.40 points, while the market capitalisation went up by N236 billion to close at N19.806 trillion as against N19.570 trillion it ended on Monday.
Also, the industrial goods and banking sectors closed stronger yesterday by 3.35 per cent and 0.06 per cent respectively, while the insurance, energy and consumer goods sectors closed weaker by 0.49 per cent, 0.33 per cent and 0.24 per cent respectively.
During the session, a total of 442.2 million stocks worth N10.3 billion were traded in 4,948 deals compared with the 427.1 million shares worth N3.3 billion transacted in 5,258 deals the previous session, indicating 3.55 per cent rise in the trading volume, 210.86 per cent increase in the trading value and 5.90 per cent decline in the number of deals.
Business Post reports that Zenith Bank was the most active stock on Tuesday with the sale of 59.0 million shares worth N1.5 billion.
Axa Mansard Insurance followed with 39.3 million stocks valued at N40.1 million, GTBank exchanged 38.2 million equities for N1.3 billion, Japaul transacted 33.1 million shares for N13.0 million, while FBN Holdings traded 29.9 million equities worth N209.5 million.
Despite the gains achieved by the market yesterday, the investor sentiment as measured by the market breadth was weak as only 15 stocks appreciated in price as against the 22 price losers.
On the gainers’ table, Dangote Cement sat on top with a price appreciation of N14.60 to finish at N245 per unit, while Eterna gained 41 kobo to close at N4.51 per unit.
Cadbury Nigeria appreciated by 35 kobo to end at N9 per share, Zenith Bank improved by 20 kobo to N24.50 per unit, while UBA gained 20 kobo to trade at N8.40 per share.
Conversely, CAP ended the session as the heaviest price loser after it depreciated by 95 kobo to trade at N19.05 per unit, while GTBank declined by 50 to end at N33 per share.
Lafarge Africa also lost 50 kobo to finish at N22 per share, Red Star Express declined by 33 kobo to N3.10 per unit, while Vitafoam lost 25 kobo to settle at N7 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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