Economy
Stock Exchange Gains N48bn on Sustained Bargain Hunting
By Dipo Olowookere
There was a sustained bargain hunting at the Nigerian Stock Exchange (NSE) on Tuesday, resulting into the 0.27 percent growth posted at the close of trading activities.
This was boosted by gains recorded by 20 stocks, which overpowered the losses printed by 18 equities drawn from different sectors of the market.
Business Post reports that the market capitalisation of the NSE increased yesterday by N48 billion to N13.242 trillion from N13.194 trillion, while the All-Share Index (ASI) grew by 67.28 points to 25,383.43 points from 25,316.15 points.
Dangote Cement was the highest price gainer of the session, adding N2 to its share price to jump to N141 per share, while GTBank followed with a price appreciation of 55 kobo to sell at N25.10 per share.
MTN Nigeria improved by 50 kobo to trade at N116.50 per unit, NASCON improved by 20 kobo to sell at N11.30 per share, while SAHCO gained 18 kobo to quote at N2.07 per unit.
Conversely, UAC Nigeria led the losers’ chart with a price depreciation of 60 kobo to sell at N8.40 per unit, while Union Bank trailed with a 55 kobo loss to close at N6.15 per share.
PZ Cussons depreciated by 20 kobo to finish at N5.30 per unit, Lafarge Africa was punctured by 20 kobo to N11.45 per unit, while May & Baker lost 18 kobo to settle at N3.20 per share.
A look at the sectoral performance showed that the insurance sector was the higher riser, gaining 0.44 percent and was followed by the industrial goods space, which appreciated by 0.20 percent.
However, the consumer goods counter lost 0.13 percent yesterday, the banking sector declined by 0.09 percent, while the oil/gas space closed flat.
On the activity chart, transactions moved in different directions as both the volume and value of trades closed green, with the number of deals in red.
A total of 377.9 million equities worth N6.1 billion exchanged hands in 4,585 deals on Tuesday compared with the 253.3 million shares worth N2.7 billion transacted in 4,775 deals on Monday.
This indicated that while the volume and value of traded stocks rose by 49.18 percent and 128.87 percent respectively, the number of deals depreciated by 3.98 percent.
A further analysis showed that Nigerian Breweries was the most attractive stock to investors during the trading day, selling 50.5 million units valued at N2.2 billion.
GTBank transacted 40.5 million shares worth N1.0 billion, Zenith Bank traded 34.9 million stocks for N599.0 million, AIICO Insurance exchanged 29.5 million equities valued at N31.1 million, while FBN Holdings sold 27.7 million shares for N151.1 million.
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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