Economy
Nigeria’s Stock Exchange Opens Week Positive, Gains 0.28%
By Dipo Olowookere
The first trading session of the new week on the Nigerian Stock Exchange (NSE) closed on a positive note today after trading 0.28 per cent higher.
This was buoyed by a renewed buying pressure as the activity level was higher than the previous session with the trading volume, value and number of deals rising by 20.44 per cent, 25.63 per cent and 43.95 per cent respectively.
A total of 340.8 million shares worth N5.6 billion exchanged hands in 4,235 deals on Monday compared with the 283.0 million equities worth N4.4 billion transacted in 2,942 deals last Friday.
The most traded stock at the market today was GTBank, which transacted 56.8 million units valued at N1.7 billion and was trailed by Zenith Bank, which transacted 47.8 million units worth N1.0 billion.
Wapic Insurance traded 40.1 million shares for N14.8 million, FBN Holdings traded 26.1 million stocks valued at N160.1 million, while UBA transacted 21.8 million equities worth N155.4 million.
On the price movement chart, Flour Mills was the highest price gainer, appreciating by N1.20 to settle at N24.20 per share and was trailed by Dangote Cement, which gained N1 to finish at N152 per share.
Custodian Investment appreciated by 50 kobo to sell for N5.50 per unit, Ecobank rose by 35 kobo to trade at N4.90 per share, while GlaxoSmithKline appreciated by 25 kobo to quote at N5.65 per unit.
On top of the losers’ chart at the close of transactions on Monday was NASCON, which went down by N1.20 to close at N13.10 per share.
International Breweries lost 29 kobo to finish at N6.01 per unit, Dangote Sugar decreased by 10 kobo to trade at N13.70 per share, Morison Industries depleted by 6 kobo to 54 kobo per unit, while NAHCO went down by 5 kobo to N2.05 per share.
Business Post reports that the All-Share Index (ASI) increased today by 80.90 points to settle at 28,777.96 points as against 28,697.06 points of the previous session. In the same vein, the market capitalisation increased by N42 billion to finish at N15.042 trillion versus the previous N15.000 trillion.
A look at the performance of the sectors showed that the best performer was the banking space, which gained 1.01 per cent. The industrial goods counter appreciated by 0.38 per cent, while energy sector grew by 0.07 per cent.
However, the insurance, which is expected to have itself full as a result of the huge destruction in the country last week, depreciated by 0.99 per cent, while the consumer goods space dropped 0.34 per cent.
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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