Economy
NSE Index Loses 0.01% as Market Cap Gains N50b
By Dipo Olowookere
The Nigerian Stock Exchange (NSE) slightly went down on Thursday by 0.01 percent with the year-to-date return finishing at 6.56 percent.
Most sectors closed in the red territory with the oil and gas shedding 0.21 percent, banking sector declining by 0.32 percent, while the NSE30 lost 0.06 percent.
However, the NSE rose by 0.09 percent, while the consumer goods sector appreciated by 0.78 percent.
Business Post reports that the All-Share Index (ASI) depreciated by 2.9 points 40,752.83 points, while the market capitalisation increased by N49.5 billion to close at N14.771 trillion.
However, the market breadth ended negative today with 14 price gainers and 26 price losers.
Okomu Oil emerged the biggest price gainer, appreciating by N3.65k to settle at N77.15k per share, and was followed by Nigerian Breweries, which increased by N2.20k to close at N127 per share.
Unilever Nigeria grew by N1.90k to end at N54.90k per share, Flour Mills increased by N1.10k to finish at N35.20k per share, and Oando rose by 45k to settle at N9.15k per share.
At the other side, Mobil oil Nigeria topped the laggards’ chart after shedding N2 to settle at N170 per share.
NASCON decreased by 55k to close at N20.25k per share, while FBN Holdings depreciated by 45k to finish at N11.75k per share.
Lafarge lost 40k today to close at N42 per share, while Dangote Flour decreased by 20k to settle at N14 per share.
It was observed that the volume and value of transactions on the floor of the NSE on Thursday improved.
A total of 378.2 million equities exchanged hands today in 4,780 deals worth N6.3 billion compared with the 351 million units sold yesterday in 5,020 deals valued at N4.6 billion.
At the close of business on Thursday, GTBank emerged the most active stock, selling 63.5 million shares valued at N2.8 billion.
It was followed by Diamond Bank, which traded 60 million equities worth N116.8 million, and FBN Holdings, which transacted 42.8 million units for N515.1 million.
C&I Leasing sold 27.8 million shares at the market on Thursday worth N35.3 million, while Transcorp exchanged 20.4 million equities valued at N35 million.
Business Post expects the stock market to close tomorrow in the positive region as more firms post their Q1 2018 earnings to buoy more buying interests.
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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