Economy
NSE Market Indices Appreciate by 0.45%
By Dipo Olowookere
The Nigerian Stock Exchange (NSE) closed for the week on Friday 0.45 percent higher ahead of the Christmas celebration next Monday.
This growth recorded today stretched the upward trend to the third straight trading session with the Year-to-Date (YtD) increasing to 43.34 percent.
Business Post reports that the All Share Index (ASI) increased today to 38,522.14 points from 38,350.64 points yesterday, while the market capitalization finished at N13.709 trillion in contrast to N13.648 trillion it ended on Thursday.
However, the volume shares traded by investors on Friday fell sharply by 52.38 percent from 429.4 million to 204.5 million yesterday, while the value of equities exchanged increased by 1.10 percent from N1.514 billion to N1.530 billion.
Like the previous day, the Financial Services sector led the activity chart today with 93.4 million shares exchanged for N859 million, while the Conglomerates industry followed with 84 million shares worth N123 million exchanging hands at the market.
A breakdown showed Transcorp emerging the busiest, exchanging 83.7 million shares worth N119 million at the stock market on Friday.
It was followed by Fidelity Bank, which sold 15.5 million shares valued at N36.3 million, and FBN Holdings, which traded 12.7 million for N114 million.
FCMB exchanged 11.9 million shares worth N16.3 million, while Zenith Bank sold 10 million shares valued at N258.5 million.
On the price movement chart, Seplat emerged the highest price gainer, appreciating by N28.40k to settle at N596.40k per share.
Nestle came second with N9.79k added to its share value to finish at N1475 per share, and Dangote Cement came third after growing by N2 to close at N240 per share.
Cadbury increased by N1.33k to end at N14.33k per share, while Access Bank rose by 30k to settle at N10.50k per share.
On the flip side, Unilever suffered the biggest loss, going down by N3.21k to settle at N40.68k per share with Nigerian Breweries following with 52k loss to close at N140 per share.
UPL fell by 12k to finish at N2.28k per share, Med-View Airlines crashed by 10k to end at N1.90k per share, while NPF Microfinance Bank depreciated by 5k to settle at N1.25k per share.
The Nigerian stock market is expected to resume trading next Wednesday as a result of the public holiday declared for Monday and Tuesday to mark Christmas and Boxing Day.
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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