Economy
NSE Market Indices Sustain Growth by 1.37% on Bargain Hunting
By Modupe Gbadeyanka
Nigerian equities sustained gains today with the Nigerian Stock Exchange (NSE) closing 1.37 percent higher on bargain hunting.
The year-to-date (YTD) return today stood at 43.24 percent, while the market breadth ended positive with 32 price gainers and 11 price losers.
At the close of transactions on Tuesday, the market capitalisation rose by N181 billion to settle at N13.406 trillion, while the All-Share Index (ASI) increased by 519.8 points to finish at 38,494.43 points.
The Financial Services sector led the activity chart with 452.179 million shares exchanged for N5.5 billion and was followed by Consumer Goods, which traded 35.677 million shares worth N1.04 billion.
Business Post reports that the volume of equities traded on Tuesday increased by 4.43 percent from 500.192 million to 522.355 million, while the total value of stocks exchanged by investors rose by 18.32 percent from N6.357 billion to N7.522 billion in 5,150 deals.
Custodian and Allied closed today as the most trade stock, selling 90.14 million units worth N338 million.
It was trailed by GTBank, which sold 57.04 million shares valued at N2.5 billion, and Fidelity Bank, which exchanged 52 million units worth N114 million.
Diamond Bank transacted 47 million shares valued at N65.5 million, while Zenith Bank traded 42.8 million shares at N1.1 billion.
On the price movement chart, Nigerian Breweries led the gainers’ chart with the addition of N4.50k to its share value to close at N138 per share.
Dangote Cement trailed after appreciating by N4.20k to finish at N250 per share, and Unilever gained N1.30k to settle at N42.95k per share.
PZ Cussons rose by N1.7k to close at N22.90k per share, while Cadbury increased by N1.5k to end at N15.30k per share.
On the flip side, Forte Oil lost N1.76k to finish at N43.23k per share, topping the losers’ chart at the close of market on Tuesday.
It was followed by Stanbic IBTC, which depreciated by 55k to finish at N42 per share, and Flour Mills of Nigeria, which fell by 40k to end at N33.10k per share.
International Breweries declined by 24k to close at N59.76k per share, while NASCON went down by 16k to settle at N15.74k 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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