Economy
NSE Indices Lose 1.07% as Market Remains Volatile
By Dipo Olowookere
Trading on the floor of the Nigerian Stock Exchange (NSE) remained in the red zone on Wednesday as investors continue to offload their stocks across different sectors.
At the close of business today, the local bourse went down by 1.07 percent with the YtD returns deflating to 6.69 percent.
The All-Share Index (ASI) slipped 441.16 points to settle at 40,802.08 points, while the market capitalisation went down by N159.4 billion to close at N14.740 trillion.
The volume equities sold on the floor of the exchange increased today by 51.66 percent, but the value went down by 11.72 percent.
By the time market activities were brought to an end, investors traded a total of 535.2 million shares worth N3.7 billion in 4,717 deals against the 352.9 million equities sold the previous session in 4,807 deals worth N4.1 billion.
Like yesterday, the Financial Services sector led the activity chart with 304.2 million shares exchanged for N1.8 billion, while the Consumer Goods sector followed with 172.3 million equities sold for N1 billion.
Shares of Champion Breweries caught the attention of investors today with a total of 153.9 million units exchanged for N397.1 million.
It was followed by Skye Bank, which traded 104.7 million equities at N81.6 million, and Sterling Bank, which transacted 41.2 million shares for N72.2 million.
FBN Holdings traded 28.5 million shares for N346.8 million, while Lasaco Assurance sold 24 million equities worth N8.2 million.
Business Post reports that the market breadth remained negative as the market recorded 18 appreciating stocks and 28 depreciating equities.
Lafarge emerged the most declining stock today after losing N2.30k of its share value to settle at N46.40k per share.
It was followed by Dangote Cement with N2 lost to close at N253 per share, and Total Nigeria, which fell by N1.70k to finish at N238.30k per share.
GTBank went down by 85k to end at N42.75k per share, while Ecobank slipped by 75k to settle at N16.35k per share.
On the flip side, it was a very good day for GlaxoSmithKline as the stock rose by N3.10k on Wednesday to close at N34 per share.
It was trailed by Unilever, which appreciated by N2.55k to finish at N55 per share, and Stanbic IBTC, which advanced by N1.70k to end at N48 per share.
Nestle Nigeria moved up by N1.30k to settle at N1340.30k per share, while PZ Cussons improved by N1 to finish at N23 per share.
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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