Economy
Nigerian Stocks Rebound After 0.09% Growth on Monday
By Dipo Olowookere
Transactions on the floor of the Nigerian Stock Exchange (NSE) closed bullish on Monday after bargain hunters stormed the market to deal with the bears, which have held a tight grip on the local bourse for days.
By the time the market closed for the day, it rebounded by 0.09 percent as a result of gains posted by Dangote Cement, Fidson Healthcare, UBA and eight other stocks.
This pushed the All-Share Index (ASI) higher by 23.66 points to settle at 26,557.44 points, and the market capitalisation higher by N11.5 billion to finish at N12.928 trillion.
Dangote Flour was the day’s highest price gainer as its stock rose by 80 kobo to finish at N23 per share, while Dangote Cement also appreciated by 80 kobo to end at N145 per share.
Fidson added 35 kobo to its share value to rise to N3.95 per share, UBA gained 10 kobo to settle at N6 per share, while Axa Mansard also grew by 10 kobo to close at N1.70 per unit.
Business Post reports that a total of eight equities depreciated at the market yesterday, with Global Spectrum Energy Services topping the chart after going down by 50 kobo to end at N4.70 per unit.
It was trailed by UAC Nigeria, which also fell by 50 kobo to finish at N6.65 per share, and Ecobank, which went down by 20 kobo to close at N7.20 per share. FBN Holdings lost 15 kobo to settle at N5.25 per unit, while United Capital depreciated by 10 kobo to close at N2.03 per unit.
A look at the activity level chart showed that the volume of shares traded by investors increased by 9.96 percent to 129.1 million from 117.4 million, while the value of the transactions rose by 82.46 percent to N2.7 billion from N1.5 billion.
A further analysis showed that Global Spectrum Energy Services was the most traded stock, closing with a turnover of 36.6 million units worth N172.0 million, while GTBank followed with 14.5 million shares sold for N387.3 million.
Transcorp exchanged 9.9 million equities valued at N10.0 million, Zenith Bank transacted 8.3 million shares worth N149.8 million, while FCMB exchanged 8.1 million units for N12.9 million.
A deeper look indicated that stocks in the financial services sector led the activity chart with 70.0 million shares worth N707 million, while equities in the services industry followed with 37.0 million units valued at N173 million.
Of the five sub-sectors of the market monitored by Business Post on Monday, the insurance index rose by 1.85 percent, while the industrial goods sector appreciated by 0.20 percent, with the energy index closing flat.
But the banking sector went down by 0.03 percent, while the consumers goods index also depreciated by 0.03 percent.
With the new pricing methodology in place since last Friday, the market is expected to maintain this positive momentum as investors adjust to the new regulations.
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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