Economy
Nigerian Stocks Stumble by 0.11% After Early Gains Disappear
By Modupe Gbadeyanka
The Nigerian Stock Exchange (NSE) recorded its first loss in the month of August 2017 at the close of trading session on Thursday.
Heavy losses recorded by oil and gas stocks led by Total Nigeria and Forte Oil dragged the market south by 0.11 percent.
At the resumption of trading activities on the floor of the NSE on Thursday, the market was looking like it would close in the green zone, but at the warp of transactions, it settled in the red territory, bringing an end to the seven-day winning streak.
Business Post reports that the All-Share Index (ASI) depreciated by 41.17 points to settle at 38,102.85 points, and consequently trimmed the year-to-date gain to 41.78 percent.
Also, the market capitalisation flattened by N14.2 billion to finish at N13.1 trillion, while the market breadth closed negative with 27 losers and 20 gainers.
The losers’ chart was led by Total, shedding N11 to close at N249 per share, while Forte Oil followed with N5.78k loss to end at N53.76k per share.
Also, Dangote Sugar depreciated by 69k to settle at N13.56k per share, NASCON fell by 66k to end at N12.57k per share, and Zenith Bank weakened by 50k to close at N24 per share.
On the flip side, Nestle maintained its strong performance at the market with N16.1k added to share price to settle at N1216.1k per share.
Guinness Nigeria rose by N3.50k to close at N91 per share, while Unilever advanced by N2.5k to finish at N43.5k per share.
Furthermore, Stanbic IBTC progressed by N1.50k to finish at N40 per share, and Conoil appreciated by N1.44k to end at N34.30k per share.
At the close of trading activities on Thursday, Access Bank emerged the most active stock with 70 million shares transacted at N712.4 million.
It was followed by Zenith Bank, which sold 58.8 million shares for N1.4 billion, and FCMB, which exchanged 47.2 million shares valued at N57.3 million.
In addition, Diamond Bank traded 33.2 million shares worth N43.2 million, while GTBank transacted 26.8 million at N1.1 billion.
However, the total volume of shares traded on the floor of the NSE today closed higher, while the value finished lower.
At the end of transactions today, investors exchanged 362.7 million shares in 4,055 deals worth N5.6 billion, in contrast to 328.7 million shares traded in 4,983 deals yesterday valued at N6.1 billion.
Despite Thursday’s loss, investors are optimistic that the market will bounce back tomorrow, the last trading day for the week.
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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