Economy
NSE Market Capitalisation Jumps to N13trn After 0.44% Gain
By Dipo Olowookere
One week after slipping into the N12 trillion mark, the market capitalisation has again returned to the N13 trillion psychological point at the close of trading activity on Friday.
Last Friday, the market cap of the Nigerian Stock Exchange (NSE) had ended at N13.071 trillion, but on Monday, it depreciated to N12.883 trillion.
It had been in that region since the beginning of the week despite the gains posted by the market since on Tuesday until the performance of the last weekday of trading pushed it back to N13 trillion mark after 0.44 percent growth.
Business Post reports that at the close of transactions on Friday, the total value of stocks on the nation’s stock market increased to N13.028 trillion from N12.970 trillion recorded on Thursday.
However, the All-Share Index (ASI) is still within the 26,000 territory at the close of business, but could shoot to 27,000 at the next trading session if the bullish run is sustained. The ASI grew by 119.33 points yesterday to finish at 26,991.42 points against 26,872.09 points it closed the previous day.
The gains printed at the trading session occurred despite the market breadth closing negative with 14 price gainers and 18 price losers from the 99 NSE listed stocks that participated in the day’s trading.
The biggest price gainer was Nestle Nigeria, which rose by N100 to settle at N1250 per share, while Okomu Oil followed with a price appreciation of N5 to finish at N55 per unit.
Forte Oil improved by N1.50 to end at N18.10 per share, CCNN garnered N1 to close at N19 per share, while Ikeja Hotel rose by 11 kobo to trade at N1.25 per unit.
On the losers’ side, Nigerian Breweries finished as the leader after going down by N1 to close at N50.50 per share, while Dangote Cement followed with a loss of 50 kobo to settle at N144.40 per share.
Dangote Sugar went down by 35 kobo to sell at N12.75 per unit, Access Bank and Lafarge Africa lost 10 kobo each to close at N10.05 per share and N14.30 per share respectively.
A total of 207.4 million shares worth N2.8 billion exchanged hands in 3,630 deals on Friday, compared with the 239.2 million equities worth N2.3 billion transacted in 3,585 deals on Thursday. This indicated that while the value of shares and number of deals improved by 24.51 percent and 1.26 percent respectively, the volume of shares traded by investors reduced by 13.30 percent.
Access Bank was the most traded equity by volume at the market yesterday, recording a turnover of 27.3 million shares worth N276.6 million, while Zenith Bank followed with 26.1 million units sold for N487.5 million.
Fidelity Bank exchanged 15.6 million equities worth N31.7 million, GTBank traded 15.6 million stocks valued at N460.1 million, while AIICO transacted 12.7 million shares worth N9.0 million.
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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