Economy
Positive Sentiments Drive Market Capitalisation of NSE to N17.059trn
By Dipo Olowookere
The market capitalisation, which measures the total value of stocks on the Nigerian Stock Exchange (NSE), on Tuesday, increased to N17.059 trillion after the addition of N211 billion during the session.
The stock market has been on a bullish run lately and yesterday was not an exception as it grew by 1.25 per cent. This pushed the All-Share Index (ASI) higher by 404.05 points to 32,647.10 points from 32,243.05 points.
Though the level of activity waned, it was still at a level that showed that investors were mopping up equities considered to likely create more value in the short and long terms.
From the data obtained by Business Post, the trading volume reduced by 9.00 per cent to 578.8 million units from 636.0 million units, the trading value declined by 6.08 per cent to N7.7 billion from N8.2 billion, while the number of deals increased by 6.12 per cent to 7,651 from 7,210.
Zenith Bank ended the session as the most active stock after trading 67.9 million units valued at N1.6 billion, while FBN Holdings transacted 64.7 million units worth N464.0 million.
Access Bank exchanged 60.2 million shares for N538.7 million, Fidelity Bank traded 35.5 million equities valued at N99.9 million, while GTBank sold 34.8 million stocks worth N1.2 billion.
The market breadth closed positive with 39 price gainers and 11 price losers with the risers’ log led by MTN Nigeria, which gained N6.10 to settle at N156.20 per share.
Stanbic IBTC appreciated by N2 to close at N48 per unit, NASCON improved by N1.40 to end at N15.45 per share, Dangote Sugar grew by N1.30 to trade at N19.40 per share, while Ardova garnered 95 kobo to sell at N14.40 per unit.
Nestle Nigeria was the heaviest price decliner yesterday as shares of the company went down by N21.70 to settle at N1400 per unit.
Lafarge Africa lost 45 kobo to close at N21 per share, PZ Cussons went down by 25 kobo to N4.40 per unit, GTBank depreciated by 25 kobo to N35 per unit, while United Capital dropped 14 kobo to sell at N4.28 per share.
Business Post reports that all the five major sub-sectors of the market closed in the green territory on Tuesday, with insurance recording the biggest growth, 3.28 per cent.
The energy sector grew by 1.32 per cent, the banking counter appreciated by 0.93 per cent, the consumer goods space appreciated by 0.75 per cent, while the industrial goods space jumped by 0.22 per cent.
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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