Economy
NSE All-Share Index Declines 0.65% to 26,681.31
By Dipo Olowookere
The All-Share Index of the Nigerian Stock Exchange (NSE) depreciated on Monday by 0.65 percent or 174.21 points to settle at 26,681.31 points from 26,855.52 points.
The decline was caused by the persistent profit taking by investors, which further brought down the market capitalisation by N84 billion to N12.878 trillion from N12.962 trillion.
It was observed that selloffs were seen around large-cap stocks and saw GTBank closing as the heaviest price loser, going down by 90 kobo to settle at N29 per share.
Cadbury Nigeria fell by 85 kobo to close at N9.05 per unit, Berger Paints fell by 75 kobo to finish at N6.75 per share, Dangote Cement depreciated by 70 kobo to end at N142 per unit, while C&I Leasing declined by 55 kobo to settle at N5.40 per share.
At the other side of the coin, Eterna topped the gainers’ chart, rising by 20 kobo to finish at N3 per unit, whole Axa Mansard followed with 15 kobo added to its share price to end at N1.80 per share.
Cornerstone Insurance improved by 5 kobo to settle at 68 kobo per share, NPF Microfinance Bank gained 4 kobo to finish at N1.15 per unit, while Fidelity Bank grew by 2 kobo to close at N2.04 per share.
Business Post reports that the volume of transactions recorded on Monday decreased by 2.21 percent from 197.0 million to 192.7 million, while the value increased by 0.45 percent from N3.5 billion to N3.6 billion.
Stocks in the financial services sector led the activity chart during the day with 113.4 million shares exchanged for N1.0 billion, while equities in the conglomerates space followed with 23.6 million units worth N163 million.
The most active stock at the market yesterday was Zenith Bank. The lender transacted 24.2 million units of its stocks worth N450.1 million. It was followed by UAC Nigeria which sold 19.6 million units valued at N159.3 million.
Dangote Cement traded 12.9 million shares worth N1.8 billion, FBN Holdings traded 12.3 million shares worth N78.0 million, while FCMB exchanged 10.0 million equities for N17.9 million.
Economy
SEC Postpones Q2 2026 Pre-registration Training, Examination for CMOs
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.
Economy
Fidson Lists Additional 600 million Shares on Stock Exchange
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.”
Economy
FG Approves Payments to 1,240 Contractors to Ease Liquidity Pressure
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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