Economy
Stock Market Investors Record Another Bad Day, Lose N73b
By Dipo Olowookere
Another loss was recorded at the Nigerian stock market on Thursday as a result of sustained profit taking by investors just like in the previous session.
At the close of transactions yesterday, the Nigerian Stock Exchange (NSE) was pointing southwards by 0.61 percent with the year-to-date return closing at -14.33 percent.
Specifically, the All-Share Index (ASI) went down by 199.92 points yesterday to 32,763.35 points, while the market capitalisation reduced by N73 billion to close at N11.961 trillion.
Business Post reports that the market breadth ended negative with 21 price fallers and 13 price risers with Nestle Nigeria recording the highest price fall with N62.50k of its share price lost to close at N1432.50k per share.
It was followed by GTBank, which depreciated by 80 kobo to settle at N36.70k per share, and PX Cussons, which fell by 65 kobo to end at N12.85k per share.
CCNN reduced by 50 kobo to finish at N23 per share, while Dangote Sugar declined by 40 kobo to quote at N14.20k per share.
At the other end of the table, Total Nigeria claimed the top spot on the gainers’ log, closing at N183 per share after going up by N1.90k.
Nigerian Breweries rose by N1.40k to finish at N91.50k per share, while Custodian Investment increased its share value by 24 kobo to end at N5.28k per share.
Zenith Bank appreciated by 10 kobo to settle at N21.50k per share, while Linkage Assurance got a boost of 6 kobo to finish at 70 kobo per share.
A look at the market activity on Thursday showed that the volume of shares transacted by investors decreased by 10.40 percent, while the value significantly went up by 32.99 percent.
A total of 154.3 million equities worth N2.7 billion were traded yesterday in 2,715 deals compared with the 172.2 million units valued at N2.1 billion exchanged the previous day in 2,866 deals.
Business Post reports that these trades were dominated by the banking stocks, which accounted for 102.9 million units worth N1.2 billion executed in 1,063 deals.
A further breakdown showed that there was a fresh appetite for Fidelity Bank stocks after the lender released its much-awaited half-year results on Wednesday, trading 23.3 million units of its shares on Thursday worth N39.3 million.
It was followed by GTBank, which traded 16.8 million equities worth N621.4 million, and UBA, which transacted 16.2 million shares valued at N134.9 million.
Access Bank sold 15.5 million shares for N125.7 million, while Zenith Bank exchanged 11.4 million equities for N246.2 million.
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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