Economy
Receding Trade Worries Buoys Asian Stocks
By Investors Hub
Asian stocks rose broadly on Tuesday amid receding trade worries after the United States and Mexico reached a preliminary trade agreement.
President Donald Trump also indicated the U.S. would soon begin negotiations with Canada but suggested that any agreement could be a separate deal. Investors expect Canada would agree to new terms to preserve a three-nation pact.
Hong Kong?s Hang Seng Index rose 80.35 points or 0.3 percent to 28,351.62, although China’s Shanghai Composite Index edged down 2.92 points or 0.1 percent to 2,777.98 ahead of factory PMI data due Friday.
Japanese shares finished marginally higher as the U.S.-Mexico trade deal helped lift auto stocks. The Nikkei 225 Index breached 23,000 before giving up most gains to end the session up 13.83 points or 0.1 percent at 22,813.47. The broader Topix Index closed 0.2 percent higher at 1,731.63.
Automakers Toyota, Honda, Nissan and Mazda rose between 0.9 percent and 1.7 percent after Toyota said it would invest $500 million in Uber to jointly work on developing self-driving cars. Auto parts makers such as Aisin Seiki and Denso rose 1-2 percent.
Australian markets finished notably higher after the Nasdaq and S&P 500 hit record highs overnight following a new trade agreement between the U.S. and Mexico.
The benchmark S&P/ASX 200 Index climbed 35.80 points or 0.6 percent to 6,304.70, while the broader All Ordinaries Index ended up 32.50 points or 0.5 percent at 6,413.60.
The big four banks climbed between 0.9 percent and 1.3 percent, and mining heavyweights BHP Billiton and Rio Tinto gained around 1 percent, taking support from higher commodity prices.
Galaxy Resources soared 5.8 percent after South Korean steel giant Posco clinched a $280 million deal to buy lithium mining rights owned by the company in Argentina. Vitamin maker Blackmores jumped 11.5 percent after expanding into the weight loss sector.
On the other hand, Caltex Australia slumped nearly 8 percent after the oil refiner said it was in talks to sell certain retail assets. Accent Group lost 6.7 percent despite the Athlete’s Foot brand owner reporting a more than 50 percent increase in full-year profit.
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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