Economy
NSE Market Capitalisation Rises to N22.059trn
By Dipo Olowookere
The market capitalisation of the Nigerian Stock Exchange (NSE) hit the N22 trillion region on Thursday, buoyed by the continued interest in the local market.
During the session, the total value of stocks on the bourse increased by N125 billion to settle at N22.059 trillion in contrast to N21.934 trillion it closed the preceding day.
Business Post reports that yesterday, the exchange appreciated by 0.57 per cent and this expanded the All-Share Index (ASI) by 238.68 points to finish at 42,169.41 points compared with the previous day’s 41,930.73 points.
The growth witnessed on Thursday was influenced by gains in the banking, consumer goods and industrial goods sectors, which closed higher by 2.11 per cent, 0.94 per cent and 0.21 per cent respectively.
The performance of the above three counters outweighed the losses printed by the oil/gas and insurance sectors, which closed lower by 1.75 per cent and 0.56 per cent respectively.
The activity chart was mixed as the trading volume appreciated by 2.16 per cent to 555.3 units from 543.6 million, while the trading value depreciated by 21.28 per cent to N5.8 billion from N7.3 billion, with the number of deals declining by 5.67 per cent to 6,386 deals from 6,770 deals.
The most active stock on Thursday was still Transcorp, which traded 76.2 million shares worth N81.8 million. Union Bank traded 75.9 million stocks valued at N432.8 million, Zenith Bank exchanged 35.2 million equities worth N936.8 million, Dangote Sugar sold 31.7 million shares valued at N660.3 million, while UAC Nigeria traded 25.3 million equities worth N203.9 million.
On the price movement chart, Stanbic IBTC topped the gainers’ table with a price appreciation of N2.60 to settle at N46.60 per unit.
Julius Berger gained N2.05 to finish at N22.65 per share, Nigerian Breweries grew by N2 to quote at N63 per unit, GTBank appreciated by 80 kobo to sell at N34 per share, while Zenith Bank gained 80 kobo to trade at N27.20 per unit.
At the opposition end, Mobil Oil led the losers’ gang with a price depreciation of N21.50 to close at
N228 per share, Cadbury Nigeria lost 70 kobo to trade at N8.90 per unit, Ardova declined by 50 kobo to sell for N17.50 per share, NEM Insurance decreased by 18 kobo to N2.20 per unit, while Livestock Feeds went down by 10 kobo to N2.49 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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