Economy
Nigerian Stocks Reverse 2-Day Loss, Gain N158b
By Modupe Gbadeyanka
Transactions on the Nigerian equity market on Wednesday finished on a very strong note with the market indicators rising by 1.38 percent.
Business Post reports that the Nigerian stocks reversed a two-day bearish trend on bargain hunting by investors at the market.
At the close of trading activities today, the All-Share Index (ASI) increased by 456.35 absolute points to finish at 33,598.20 absolute points, while the market capitalisation rose by N158 billion to settle at N11.62 trillion.
In addition, the Year-To-Date (YTD) Return ended at 25.02 percent, while the market breadth closed positive with 34 stocks appreciating in value compared with 22 equities, which declined in price.
Our correspondent further reports that a total of 759 million shares exchanged hands on the floor of the Nigerian Stock Exchange (NSE) on Wednesday, valued at N6.3 billion and executed in 7,357 deals.
This was higher than what was transacted by investors the previous day at the stock market; 410 million shares traded in 6,167 deals worth N5.5 billion.
On the price movement chart, Seplat emerged the biggest gainer today with an addition of N5.50k to its share price to close at N465.51k per share.
It was closely followed by Unilever, which appreciated by N3.70k to finish at N40.70k per share and Okomu Oil, which rose by N3.18k to end at N66.84k per share.
Also, Nigerian Breweries gained N2.90k to settle at N160 per share, while Presco advanced by N2.74k to wrap the day at N68.89k per share.
On the flip side, 7up topped the losers’ table after shedding N4.20k to finish at N90.30k per share, while Forte Oil flattened by N2 to close at N56 per share.
International Breweries collapsed by N1.44k to end at N28.56k per share, PZ Cussons weakened by 92k to finish at N22.8k per share and UACN crashed by 38k to close at N17.62k per share.
The five most traded equities table was dominated on Wednesday by stocks in the Financial Services with First Bank leading the pack.
It traded a total of 106.4 million shares worth N727 million, while Transcorp exchanged 99.8 million shares valued at N187 million.
LASACO Assurance Plc traded 99.7 million shares at N50 million, Access Bank sold 76.5 million units for N767 million, while Zenith Bank transacted 61 million shares at N1.31 billion.
Investors are upbeats that the bullish trend today would be sustained tomorrow, when trading activities resume on the floor of the NSE.
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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