Economy
Stock Exchange Rebounds by 0.42% as Airtel, NB, Eterna, Others Gain
By Dipo Olowookere
The domestic stock exchange returned to the bulls’ territory on Tuesday after a brief dominance of the bears a day earlier triggered by profit-taking.
Yesterday, the Nigerian Exchange (NGX) Limited closed higher by 0.42 per cent, following bargain hunting in oil, tech and a few financial stocks by investors.
The renewed confidence resulted in strong investor sentiment, with the market breadth index on the positive wing after 28 stocks appreciated in price, as 24 equities closed bearish.
eTranzact gained 10.00 per cent to trade at N4.40, Eterna improved by 9.85 per cent to N11.15, Cornerstone Insurance rose by 9.52 per cent to 92 Kobo, Pharma Deko increased its value by 9.52 per cent to N2.07, and FTN Cocoa expanded by 9.23 per cent to 71 Kobo.
Conversely, John Holt lost 9.88 per cent to quote at N1.55, Multiverse depreciated by 9.54 per cent to N3.70, Chellaram shed 9.52 per cent to N1.33, Omatek dwindled by 9.09 per cent to 20 Kobo, and Sunu Assurances fell by 8.33 per cent to 44 Kobo.
At the close of market yesterday, the energy index gained 1.02 per cent, the insurance space jumped by 0.57 per cent, the consumer goods sector appreciated by 0.21 per cent, while the banking and the industrial goods counters declined by 0.05 per cent and 0.02 per cent, respectively.
Business Post reports that the bulls helped the All-Share Index (ASI) gain 232.14 points on Tuesday, closing at 56,038.85 points compared with the preceding day’s 55,806.71 points.
In the same vein, the market capitalisation of the NGX increased by N127 billion to settle at N30.514 trillion, in contrast to Monday’s closing value of N30.387 trillion.
The activity chart was in red yesterday after traders transacted 322.5 million shares worth N5.8 billion in 6,165 deals compared with the 369.8 million shares worth N19.8 billion in 7,221 deals a day earlier, implying a decline in the trading volume, value, and the number of deals by 12.79 per cent, 70.71 per cent, and 14.62 per cent apiece.
UBA dominated the market during the session as it traded 47.1 million equities valued at N442.3 million, Access Holdings exchanged 39.9 million stocks worth N501.8 million, GTCO sold 30.2 million shares for N846.9 million, Fidelity Bank traded 23.8 million shares valued at N137.3 million, and Japaul transacted 16.8 million stocks worth N6.7 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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