Economy
NSE: Market Opens Week with N74.3b Loss Amid Anti-FG Protests

By Modupe Gbadeyanka
Trading in the Nigerian equity market resumed for the week on Monday, February 6, 2017 on a bearing trend amidst anti-government protests in some cities across the country including Lagos, Abuja and Ibadan.
The stock market extended its bearish run today with major market indices dropping to the red zone.
Popular Nigerian musician, Mr Innocent Idibia, otherwise known as 2Face had called off the proposed anti-government demonstration on Monday, but some group went ahead with the exercise, though it did not record huge turnout as earlier expected.
The protesters are demanding the government to solve the economic crisis rocking the country, which has resulted in rising costs of food of items and others.
Business Post correspondent reports that at the close of trading activities at the market today, the all-share index dropped 215.45 points or 0.83 percent to finish at 25,587.09 points, while the market capitalisation depreciated by N74.3 billion to end at N8.82 billion.
A total of 25 equities recorded losses on the floor of the Nigerian Stock Exchange (NSE) compared with eight stocks that appreciated.
A look into the price movement chart showed Total emerging the most declining stock with a loss of N6 to close at N262 per share.
Dangote Cement came second falling by N2.99k to end at N165.1k per share, while GlaxoSmithKline went down by 75k to emerge third, finishing at N14.25k per share.
PZ came fourth after shedding 67k to close at N12.87k per share and Guinness emerged fifth after losing 28k to finish at N66.22k per share.
However, Nigerian Breweries gained 39k to end at N133.50k per share, leading the top advancing stocks at the market on Monday.
Also, UCAP improved by 17k to end at N3.72k per share, while GTBank advanced by 6k to finish at N23.8k per share.
Similarly, Dnagote Sugar increased by 4k to close at N6.5k per share and Livestock Feeds Plc rose by 3k to finish at 78k per share.
Furthermore, Business Post reports that investors bought and sold 152.4 million shares worth N903.5 million transacted in 2,706 deals.
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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