Economy
NSE Market Indices Marginally Drop 0.04%
By Dipo Olowookere
There was a sustained bearish mood on the trading floor of the Nigerian Stock Exchange (NSE) on Tuesday with the market indices marginally going down by 0.04 percent.
This was buoyed by selloffs recorded by shares in the Insurance, Consumer Goods and Oil and Gas sectors.
At the close of business yesterday, the market breadth finished negative with 24 price gainers and 25 price losers.
Forte Oil emerged the worst performer after it depreciated by N2.15k to finish the day at N40.85k per share.
It was followed by Nigerian Breweries, which lost N1 to close at N127 per share, and Dangote Cement, which also went down by N1 to end at N247 per share.
NASCON depreciated yesterday by 90k to settle at N20.50k per share, while Guinness Nigeria declined by 50k to end at N103.50k per share.
Conversely, it was a good day for Mobil Oil Nigeria as the stock rose by N7.60k to settle at N188 per share.
It was trailed by Presco, which went up by N2 to finish at N72 per share, and CCNN, which increased its share value by N1.10k to close at N23.45k per share.
Julius Berger advanced by 95k on Tuesday to end at N29 per share, while GTBank rose by 60k to finish at N45.65k per share.
Business Post reports that the market capitalisation reduced yesterday by N6.2 billion to finish at N14.908 trillion, while the All-Share Index (ASI) decreased by 17.02 points to close at 41,155.80 points.
However, it was observed that despite the bearish closure on Tuesday, the stock market recorded an improvement in the volume and value of equities traded by investors.
A total of 563.6 million shares were sold yesterday in 4,217 deals worth N5.8 billion compared with 221.4 million equities traded the previous day in 5,629 deals valued at N2.6 billion.
Investors’ toast at the market on Tuesday was FCMB as the stock sold 297.5 million units worth N745.2 million.
GTBank followed with 59.5 million units traded for N2.7 billion, with Zenith Bank exchanging a total of 32.5 million equities valued at N893.5 million.
Sovereign Trust Insurance traded 18.7 million shares valued at N4.1 million, while Fidelity Bank exchanged 17.9 million equities for N44.5 million.
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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