Economy
Stock Market Gains 0.20% as Investors Buy United Capital, Others
By Dipo Olowookere
The Nigerian stock market appreciated by 0.20 per cent on Monday on the back of bargain hunting in United Capital, MTN Nigeria, GTCO, Zenith Bank and 32 other equities.
United Capital and RT Briscoe were the highest price gainers yesterday, rising by 10.00 per cent each to close at N13.20 and 66 kobo respectively.
Africa Prudential improved by 9.56 per cent to trade at N7.45, Academy Press rose by 9.50 per cent to sell for N1.96, while Champion Breweries grew by 8.78 per cent to N2.23.
As a result of the buying pressure on these shares, the All-Share Index (ASI) moved higher by 93.43 points to 47,233.91 points to 47,140.48 points, while the market capitalisation expanded by N51 billion to N25.457 trillion from N25.406 trillion.
Also, the other key indices were good on Monday as the banking index appreciated by 0.66 per cent, the consumer goods index rose by 0.37 per cent, the insurance counter gained 0.22 per cent, while the industrial goods space went up by 0.01 per cent, with the energy counter closing flat.
Business Post reports that despite the impressive performance of the exchange yesterday, there were 17 price losers led by Juli with a decline of 9.76 per cent to trade at 74 kobo.
Multiverse went down by 8.00 per cent to 23 kobo, Mutual Benefits Assurance lost 7.14 per cent to sell for 26 kobo, Flour Mills declined by 4.56 per cent to N33.50, while Honeywell Flour depreciated by 4.23 per cent to N3.85.
In terms of the level of activity, the trading volume decreased by 0.76 per cent to 421.5 million units from 424.7 million units, the trading value declined by 35.30 per cent to N4.2 billion from N6.5 billion, while the number of deals increased by 29.56 per cent to 5,961 deals from 4,601 deals.
Transcorp ended the session as the busiest stock with the sale of 99.3 million units valued at N118.5 million and was followed by Zenith Bank, which traded 46.3 million units worth N1.3 billion.
United Capital transacted 31.6 million equities worth N416.8 million, UBA exchanged 27.0 million stocks for N234.0 million, while Fidelity Bank traded 23.8 million shares for N72.4 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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