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Economy

NSE Sustains Gains on Renewed Interests in Consumer Goods, Energy Stocks

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consumer goods stocks

By Dipo Olowookere

The huge interest in equities in the consumer goods, energy and insurance sectors kept the momentum positive at the Nigerian Stock Exchange (NSE) on Thursday.

The local stock market closed bullish yesterday after recording gains for the second straight day, closing at 0.17 percent to reduce the year-to-date loss to 16.15 percent.

It was observed that the bargain hunting by investors on stocks in the three sectors left the market breadth positive yesterday with 18 price gainers and 13 price losers.

This empowered the All-Share Index (ASI) by 44.58 points to rise to 26,355.35 points from 26,310.77 points and boosted the market capitalisation by N21.7 billion to N12.830 trillion from N12.808 trillion.

However, there were selloffs in banking space as well as the industrial goods sector. The banking index depreciated yesterday by 0.64 percent, while the industrial goods index went down by 0.05 percent.

Business Post reports that the activity level was strong with the volume of shares traded by investors rising by 121.74 percent to 347.8 million from 156.9 million and the value of the transactions increasing by 275.30 percent to N6.8 billion from N1.8 billion. However, the number of deals executed by traders reduced by 10.75 percent to 2,756 deals from 3,088 deals.

Zenith Bank was the most active stock at the market on Thursday, closing with a turnover of 103.7 million shares sold for N1.8 billion, while FCMB followed with 85.1 million units worth N136.6 million.

GTBank exchanged 39.2 million equities worth N980.5 million, UBA transacted 21.7 million shares for N125.6 million, while MTN Nigeria traded 21.3 million equities valued at N2.7 billion.

On the price movement chart, Seplat claimed the most lucrative spot on the price gainers’ table after adding N48 to its share value to close for the day at N565 per share.

Nigerian Breweries gained N3.75 to finish at N50 per unit, Dangote Cement rose by 40 kobo for the second successive day to close at N149.40 per unit, Flour Mills appreciated by 20 kobo to end at N14.20 per share, while University Press improved by 9 kobo to settle at N1.30 per unit.

On the flip side, MTN Nigeria suffered the highest price decline, losing N1 of its share price to close on top of the losers’ chart at N126 per share.

GTBank went down by 50 kobo to close at N24.90 per share, Oando declined by 25 kobo to finish at N3.11 per unit, Lafarge Africa depreciated by 10 kobo to trade at N13.30 per share, while Union Bank shed 5 kobo to close at N7 per share.

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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