Economy
Nigerian Stocks Gasp for Air Amid Negative Investor Sentiment
By Dipo Olowookere
Trading activities at the nation’s equity market remained bearish on Friday. The local stock exchange lost 0.13 per cent despite an improvement in the level of transactions.
Business Post observed that selloff in some blue-chip shares in the energy, banking and industrial goods sectors affected the general outcome of the Nigerian Stock Exchange (NSE) yesterday.
The energy, banking and industrial goods counters depreciated by 0.23 per cent, 0.09 per cent and 0.01 per cent respectively. They outweighed the 1.32 per cent and 1.03 per cent gains printed by insurance and consumer goods sectors respectively.
At the close of business, the All-Share Index (ASI) reduced by 48.69 points to 38,648.48 points from 38,697.17 points, while the market capitalisation went down by N26 billion to N20.221 trillion from N20.247 trillion.
A total of 294.0 million stocks worth N3.8 billion were traded in 3,760 deals yesterday compared with the 169.4 million equities worth N2.1 billion traded in 3,568 deals the prior session, indicating 73.58 per cent rise in the volume of shares, 77.84 per cent growth in the value of shares and 5.38 per cent increase in the number of deals.
Transcorp closed as the most traded stock with 56.9 million units worth N46.0 million, International Breweries transacted 40.9 million units for N210.7 million, GTBank sold 31.0 million equities valued at N953.6 million, FBN Holdings exchanged 14.9 million stocks valued at N105.3 million, while Universal Insurance transacted 12.8 million shares worth N2.6 million.
SFS REIT was the worst-performing stock yesterday with a price decline of 9.96 per cent to close at N62.40 and was trailed by Unity Bank, which lost 9.59 per cent to settle at 66 kobo.
African Alliance Insurance depleted by 9.09 per cent to 20 kobo, Sovereign Trust Insurance lost 7.69 per cent to trade at 24 kobo, while Wema Bank fell by 6.15 per cent to 61 kobo.
On the other hand, the best-performing equity on Friday was Regency Alliance Insurance as its share price rose by 10.00 per cent to 33 kobo.
Also, Flour Mills grew by 10.00 per cent to N29.70, NEM Insurance grew by 9.73 per cent to N2.03, Northern Nigerian Flour Mills gained 9.71 per cent to quote at N5.65, while Livestock Feeds appreciated by 9.29 per cent to N2.
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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