Economy
PZ Cussons Shareholders Wealth Swells 21.11% in Five Days
By Dipo Olowookere
Last week, PZ Cussons’ shareholders were in a happy mood and the reason was that their investment in the company yielded good returns.
The share price of the company on the Nigerian Exchange (NGX) Limited improved by 21.22 per cent in the week to N5.45 from N4.50 it closed the previous.
This development made PZ Cussons the best-performing stock in the 5-day trading week on the exchange. There were a total of 39 equities on the gainers’ chart compared with the 18 equities in the previous week.
University Press appreciated by 19.63 per cent to sell for N1.28, Honeywell Flour rose by 17.65 per cent to N1.40, Mutual Benefits Assurance gained 14.71 per cent to 39 kobo, while Northern Nigerian Flour Mills increased by 11.21 per cent to N5.95.
Also in the week, there were 24 price losers, lower than 47 price losers of the preceding week and they were led by FTN Cocoa, which lost 22.00 per cent to settle at 39 kobo.
Portland Paints depreciated by 18.09 per cent to sell for N2.40, Eko Corporation went down by 10.00 per cent to N5.40, Guinness Nigeria declined by 9.89 per cent to N28.70, while Union Dicon Salt dropped 9.59 per cent to N9.90.
Business Post reports that the All-Share Index (ASI) and market capitalisation appreciated last week by 1.27 per cent to close at 39,301.82 points and N20.568 trillion respectively.
All other indices finished higher with the exception of the sovereign bond index, which depreciated by 0.94 per cent while the ASeM and growth indices closed flat.
On the activity chart, investors traded 1.6 billion shares worth N42.1 billion in 19,507 deals compared with the 1.3 billion shares valued at N10.8 billion transacted a week earlier in 19,975 deals.
Financial stocks dominated the market with 1.0 billion units valued at N9.2 billion traded in 11,095 deals, contributing 64.22 per cent and 21.80 per cent to the total trading volume and value respectively.
ICT equities followed with 215.5 million units worth N29.9 billion in 566 deals, while conglomerates shares traded 118.5 million units valued at N676.0 million in 1,088 deals.
Fidelity Bank, MTN Nigeria and GTBank were the most traded stocks with 580.8 million units worth N34.4 billion in 3,197 deals, accounting for 36.25 per cent and 81.61 per cent of the total trading volume and value 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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