Economy
NSE Market Indices Bearish, Down 0.09%
By Dipo Olowookere
The major indices of the Nigerian Stock Exchange (NSE) remained bearish on Tuesday, going down by 0.09 percent of the close of transactions to stretch the year-to-date loss to 16.99 percent.
The All-Share Index (ASI) reduced during the session by 24.92 percent to 26,090.88 points from 26,115.80 points, while the market capitalisation went down by N11 billion to N12.596 trillion N12.607 trillion.
However, the volume of shares exchanged by investors increased by 71.83 percent to 324.4 million from 188.8 million, while the value of the transactions reduced by 31.66 percent N1.7 billion from N2.4 billion.
It was observed that there were heavy transactions in financial stocks during the day, accounting for 288.3 million units worth N1.4 billion.
Business Post observed that a bulk of these were from equities in the insurance sector with 149.6 million N75.0 million executed in 71 deals, while banking stocks followed with 101.4 million units worth N1.2 billion traded in 945 deals, with stocks in the other financial institutions segment transacting 37.2 million units worth N182.8 million exchanged in 334 deals.
A further breakdown indicated that Law Union and Rock Insurance was the most traded equity by volume, transacting a total of 146.3 million units valued at N73.1 million.
Access Bank traded 40.6 million shares for N402.3 million, Zenith Bank exchanged 32.2 million equities worth N586.4 million, Transcorp sold 27.0 million shares valued at N24.5 million, while FBN Holdings traded 21.2 million equities for N127.1 million.
An analysis of the sectoral performance showed that the banking index slightly rose by 0.04 percent, while the consumer goods index appreciated by 0.13 percent, with the oil/gas index rising by 0.31 percent. However, the insurance index depreciated by 0.71 percent, while the industrial goods index closed flat.
Stanbic IBTC was the highest price loser on Tuesday, depreciating by N1.10 to settle at N36.40 per share, and was followed by Dangote Sugar, which fell by 80 kobo to close at N13.65 per unit.
GTBank depreciated by 35 kobo to finish at N29 per share, UAC Nigeria fell by 20 kobo to end at N8.10 per unit, while Zenith Bank decreased by 15 kobo to trade at N18.15 per share.
On the flip side, Unilever Nigeria topped the gainers’ chart after adding N1.95 to its share value to close at N22.15 per share, while Cadbury Nigeria gained 65 kobo to finish at N10.25 per unit.
UPDC Reit rose by 35 kobo to settle at N3.95 per unit, Ecobank increased by 30 kobo to end at N6.30 per share, while Access Bank garnered 20 kobo to finish at N9.90 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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