Economy
Stock Market Extends Rally as ASI Adds 0.28%

By Modupe Gbadeyanka
Trading on the Nigerian Stock Exchange (NSE) closed on a positive note for the second straight day with the major market indicators pointing north.
The stock market had closed yesterday by over two percent, the first time it was doing so in two months in a single day.
Today, the market further closed in the green zone, though not above yesterday’s achievement, but by 0.28 percent.
The All-Share Index and the market capitalisation improved by 71.82 points and N25 billion respectively to finish at 25,818.87 points and N8.934 trillion.
Business Post correspondent reports that at the close of trading activities on Tuesday, the year-to-date return was pruned to -3.93 percent from -4.20 percent recorded the previous day.
The market breadth ended positive today with 23 advancing stocks compared with 12 declining stocks.
On the price movement chart, Mobil gained N15.99k to close at N340 per share, while 7up improved by N1.5k to finish at N95 per share.
Also, Ashaka Cement rose by 92k to end at N9.95k per share; Stanbic IBTC advanced by 82k to close at N22.31k per share and Lafarge grew by 79k to finish at N51.5 0k per share.
At the other end, Nigerian Breweries lost 50k to close at N123 per share and Forte Oil depreciated by 20k to end at N44.80k per share.
Zenith Bank slumped by 19k to finish at N14.61k per share, Champion Breweries fell by 12k to end at N2.35k per share, while UACN weakened by 7k to wrap the day at N14.43k per share.
Business Post correspondent further reports that despite the gain recorded at the market on Tuesday, the volume and value of shares transacted closed lower.
While a total of 127.4 million shares were traded today by investors at N909.3 million in 3,176 deals, 211.8 million shares were exchanged yesterday in 3,054 deals valued at N1.41 billion.
Economy
SEC Postpones Q2 2026 Pre-registration Training, Examination for CMOs
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.
Economy
Fidson Lists Additional 600 million Shares on Stock Exchange
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.”
Economy
FG Approves Payments to 1,240 Contractors to Ease Liquidity Pressure
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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