Economy
NSE Indices Remain Bearish, Shed 0.39% Thursday
By Dipo Olowookere
Activities on the Nigerian Stock Exchange (NSE) remained bearish on Thursday as investor confidence continues to wean.
The market closed 0.39 percent lower yesterday, with losses recorded across the segment except the oil and gas, which finished 0.45 percent higher.
The insurance sector suffered the highest loss yesterday with a decline of 2.46 percent, while the industrial and consumer goods sectors lost 0.45 percent each with the banking index going down by 0.37 percent.
At the close of business, the All-Share Index (ASI) shed 115.61 points to settle at 29,553.12 points, while the market capitalisation decreased by N44 billion to finish at N11.100 trillion.
It was observed that during Thursday’s trading session, the total volume of shares exchanged by investors reduced by 8.02 percent to 499.1 million from 542.6 million, while the total value of traded equities dropped by 48.89 percent to N2.9 billion from N5.7 billion.
Sterling Bank was the day’s most active stock, accounting for a turnover of 124.8 million units worth N299.4 million.
Chams sold 114.7 million units of its stock for N23.7 million, while FBN Holdings transacted 55.4 million equities worth N407.1 million.
Zenith Bank traded 31.9 million shares valued at N653.9 million, while UBA sold 28.4 million equities worth N180.5 million.
An analysis of the price movement chart yesterday showed that Mobil Oil Nigeria topped the losers’ table with N8 loss to close at N170 per share.
CAP went down by N3.70k to finish at N33.70k per share, while Dangote Cement dropped N1 to close at N189 per share.
Unilever Nigeria depreciated by 70 kobo to finish at N35 per share, while Dangote Flour reduced by 50 kobo to finish at N8 per share.
Conversely, Forte Oil closed as the day’s highest price gainer, appreciating by N2.45k to settle at N27.40k per share.
Vitafoam went up by 28 kobo to close at N3.85k per share, while Oando grew by 15 kobo to end at N4.95k per share.
Zenith Bank added 10 kobo to its share value to finish at N20.50k per share, while Sterling Bank appreciated by 7 kobo to close at N2.55k per share.
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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