Economy
Price-Sensitive Information Spurs Stock Exchange’s Fresh 1.51% Growth
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited maintained stability on Thursday as it gained an additional 1.51 per cent at the close of transactions after undergoing a turbulent period in the past sessions.
Business Post reports that renewed interest in financial stocks and others contributed to the lifting of the spirits of traders yesterday as they perused price-sensitive information released during the session to make investment decisions.
Yesterday, the market reacted to the dividend information from Zenith Bank, and also during the session, Oando announced the decision of one of its core investors to take up the stakes held by minority shareholders in the organisation.
As a result, Oando ended on top of the gainers’ chart after it gained 9.98 per cent to close at N5.40 and was trailed by Sunu Assurances, which grew by 9.09 per cent to 48 Kobo. MTN Nigeria rose by 8.89 per cent to N240.00, Consolidated Hallmark Insurance improved by 8.77 per cent to 62 Kobo, and Royal Exchange chalked up 8.70 per cent to sell at 75 Kobo.
On the flip side, PZ Cussons topped the losers’ table after it fell by 5.88 per cent to N11.20, Chams dropped 4.17 per cent to quote at 23 Kobo, Unilever Nigeria declined by 3.57 per cent to N13.50, Japaul went down by 3.45 per cent to 28 Kobo, and AIICO Insurance decreased by 3.33 per cent to 58 Kobo.
The market breadth was bullish yesterday, with 23 price gainers and 10 price losers, indicating a strong investor sentiment.
This was also reflected in the sectorial performance, as only the consumer goods index finished lower out of the key sectors monitored. It went down by 0.02 per cent.
The banking space expanded by 1.00 per cent, the insurance counter appreciated by 0.55 per cent, and the industrial goods sector finished 0.02 per cent higher, while the energy index remained flat.
Data showed that the All-Share Index (ASI) increased by 809.41 points to 54,413.21 points from 53,603.80 points, while the market capitalisation increased by N441 billion to N29.642 trillion from N29.201 trillion.
A total of 973.6 million stocks valued at N4.2 billion exchanged hands in 3,718 deals on Thursday compared with the 236.1 million shares worth N3.3 billion transacted in 3,906 deals on Thursday, representing a decline in the number of deals by 4.81 per cent, an improvement in the trading volume by 312.37 per cent, and a rise in the trading value by 27.27 per cent.
Transcorp, Living Trust Mortgage Bank, Fidelity Bank, UBA, and Zenith Bank closed the session as the most active stocks after trading 455.5 million units, 254.8 million units, 143.4 million units, 16.1 million units, and 14.0 million units, 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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