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Economy

NSE Market Indices Report Marginal Loss

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NSE All-Share Index

By Dipo Olowookere

Trading activities at the local stock market ended bearish on Thursday following the 0.01 percent loss recorded at the session.

Equities in the consumer goods and the oil/gas sectors contributed to the decline yesterday as their respective indices depreciated by 0.64 percent and 0.44 percent.

Their outcome overpowered the gains printed by the insurance sector, banking index and industrial goods counter, which appreciated by 0.64 percent, 0.60 percent and 0.02 percent respectively.

Business Post reports that the profit-taking witnessed yesterday caused the All-Share Index (ASI) to reduce by 1.51 points to 24,276.56 points from 24,278.07 points.

It also contributed to the decrease in the market capitalisation by N1 billion, closing at N12.664 trillion as against N12.665 trillion it ended the previous day.

The market breadth closed negative on Thursday with 15 price losers and 10 price gainers due to the activities of profit takers.

Conoil was the heaviest price shedder, losing N2.10 to sell at N18.90 per unit, while Vitafoam lost 52 kobo to trade at N5.07 per share.

International Breweries continued its fall with a 35 kobo loss to close at N3.60 per share, Arbico fell by 18 kobo to N1.71 per unit, while Dangote Sugar crashed by 10 kobo to N11.50 per share.

At the other end, GTBank topped the gainers’ table with a price appreciation of 25 kobo to settle at N22.75 per unit, while PZ Cussons gained 15 kobo to sell at N4.35 per unit.

Ecobank appreciated by 15 kobo to trade at N4.75 per share, Zenith Bank was further fortified by 10 kobo to N16.75 per unit, while Law Union and Rock Insurance gained 7 kobo to quote at N1.07 per share.

On Thursday, the total volume of shares traded by market participants reduced by 17.42 percent to 192.1 million units from 232.6 million units.

Also, the value of transactions depreciated by 47.43 percent to N2.5 billion from N4.7 billion, while the number of deals improved by 8.80 percent to 3,833 deals from 3,523 deals.

Fidelity Bank was the most traded stocks yesterday, exchanging 38.1 million units worth N68.6 million, while GTBank followed with 23.6 million units valued at N534.5 million.

Zenith Bank traded 23.1 million stocks for N385.4 million, Access Bank transacted 11.4 million shares worth N73.9 million, while UBA traded 10.6 million equities valued at N68.1 million.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Economy

SEC Postpones Q2 2026 Pre-registration Training, Examination for CMOs

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capital market operators

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.

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Economy

Fidson Lists Additional 600 million Shares on Stock Exchange

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fidson

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.”

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Economy

FG Approves Payments to 1,240 Contractors to Ease Liquidity Pressure

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FG contractors protest

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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