Economy
Stock Market Gains N70b Amid 2017 Budget Crisis

By Modupe Gbadeyanka
Stock market in Nigeria finished in the green territory on Thursday despite the controversy trailing who might sign the 2017 budget recently passed by the National Assembly.
There have talks on who will assent to the 2017 appropriation bill when finally approved by the executive.
President Muhammadu Buhari is presently away in London for a medical follow-up, but he transmitted power to his Vice, Mr Yemi Osinbajo.
Some hours ago, the Acting President said he would sign the budget when satisfied with it, but an aide to the President claimed the budget would be sent to London for Mr Buhari to sign after the Acting President must have scrutinised it.
However, amid this controversy, the Nigerian Stock Exchange (NSE) continued its rally, extending the bullish trend to three consecutive days.
At the close transactions on Thursday, Business Post correspondent reports that the market went up by 0.72 percent.
The All-Share Index (ASI) rose by 201.19 points to finish at 28,101.63 points, while the market capitalisation increased by N70 billion to end at N9.715 trillion.
Also, the market breadth closed positive today with 22 equities appreciating compared with 14 stocks that depreciated, while the year-to-date (YTD) return ended at 4.57 percent.
At the close of trading activities, investors transacted a total of 353 million shares valued at N9.2 billion executed in 4,034 deals.
On the price movement log, Nestle gained N9.95k to close at N835 per share and Total Plc added N5 to finish at N270 per share.
Seplat progressed by N4.20k to end at N350 per share, GTBank appreciated by 90k to close at N31.60k per share, while Zenith Bank advanced by 87k to finish at N17.97k per share.
At the other end, Mobil fell by N16.60k to close at N315.40k per share, while Nigerian Breweries slumped by N2.76k to end at N145.24k per share.
CCNN depreciated by 22k to finish at N4.78k per share, Flour Mill declined by 15k to close at N19.30k per share and NASCON went down by 11k to end at N8.39k per share.
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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