Economy
NSE: Stock Market Begins Week Bullish with 0.70% Growth
By Modupe Gbadeyanka
Activities resumed on Monday for the new week on a positive trend on the floor of the Nigerian Stock Exchange (NSE) some hours after President Muhammadu Buhari jetted out of the country for a medical check-up, leaving the Vice President, Mr Yemi Osinbajo, to take charge of affairs of the nation pending his return.
The stock market did not react negatively to this development, but grew stronger by 0.70 percent, extending the bullish run to seven consecutive days.
Though the volume shares transacted at the stock market dropped today, the value however increased significantly.
Business Post correspondent reports that a total of 267.7 million shares exchanged hands on Monday valued at N3.3 billion executed in 3,907 deals, compared with 442.8 million units sold last Friday at N2.9 billion traded in 4,220 deals.
It was further gathered that the market breadth closed positive with 26 advancers in contrast to 11 stocks that declined.
Similarly, the year-to-date return (YTD), Business Post reports, further dropped to -1.69 percent from -2.38 percent last Friday.
The All-Share Index (ASI) improved at the close of trading activities at the stock market by 182.70 points to finish at 26,418.33 points, while the market capitalisation appreciated by N63.2 billion to end at N9.132 trillion.
Nestle topped the advancers with a gain of N25.1k to close at N760 per share and was trailed by 7up with a rise of N9.20k to end at N103.89k per share.
Nigerian Breweries rose by N2.70k to finish at N130 per share, Unilever appreciated by N1 to end at N34 per share, while Okomu Oil progressed by 75k to close at N47.80k per share.
On the decliners’ log, Ecobank picked the top spot with a fall of 11k to end at N7.89k per share, while Dangote Flour followed with a slump of 10k to wrap the day at N4.20k per share.
Champion Breweries also declined by 10k to close at N2.4k per share and UACN and CCNN lost 9k each to end at N14.40k per share and N4.51k per share respectively.
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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