Economy
Nigerian Stocks Shed 0.02% as Jaiz Bank Trades 227m Shares
By Modupe Gbadeyanka
Transactions on the floor of the Nigerian Stock Exchange (NSE) kicked off the new week on a bearish note, depreciating marginally by 0.02 percent, leaving the year-to-date return to 37.42 percent.
The All-Share Index (ASI) shed 8.76 points to close at 36,930.83 points, while the market capitalisation declined by N3 billion to settle at N12.8 trillion.
However, the market breadth closed positive with 23 price gainers at the close of business in contrast to 20 price losers.
Total Plc led the price losers on Monday, losing N11 to close at N225 per share, and 7up followed with N2 of its share value lost to end at N88 per share.
International Breweries declined by N1.65k to finish at N45.20k per share, Flour Mills of Nigeria went down by 97k to settle at N34.50k per share, and UAC of Nigeria slumped by 62k to close at N18.38k per share.
On the flip side, Guinness Nigeria rose by N2 to finish at N102 per share, while GTBank grew by 54k to close at N41.75k per share.
United Capital advanced by 22k to end at N3.38k per share, Eterna progressed by 20k to settle at N4.35k per share, and Cadbury improved by 17k to close at N10.28k per share.
Though the volume of shares transacted on the floor of the NSE increased today, the value depreciated.
A total of 466.5 million shares were traded in 4,274 deals on Monday worth N2.9 billion against 361 million shares exchanged in 4,396 deals last Friday valued at N3.7 billion.
Business Post reports that there was a huge interest in the shares of Jaiz Bank, trading the highest volume of shares on Monday, exchanging 226.8 million shares worth N133.8 million.
It was trailed by FBN Holdings, which traded 43.5 million shares worth 305 million, and Transcorp sold 27.2 million shares for N40.6 million.
African Alliance Insurance Company exchanged 20 million shares at N10 million, while Diamond Bank transacted 18.2 million shares at N21 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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