Economy
Stock Market Rebounds 0.49% as Airtel, FBNH Enjoy Investors’ Patronage
By Dipo Olowookere
The direction of the nation’s stock market was changed from south to north on Tuesday following a renewed interest in shares in the banking and telecommunications sectors of the market.
Business Post reports that shares of Airtel Africa, FBN Holdings, UBA, Sterling Bank, Cutix and others enjoyed investors’ patronage and this returned the Nigerian Exchange (NGX) Limited into the bulls’ territory by 0.49 per cent at the close of transactions.
Consequently, the All-Share Index (ASI) increased by 213.86 points to 43,444.20 points from the previous day’s 43,230.34 points, while the market capitalisation expanded by N112 billion to N22.672 trillion from N22.560 trillion.
It was observed that the insurance, banking and industrial goods sectors appreciated yesterday by 0.39 per cent, 0.11 per cent and 0.01 per cent respectively, while the energy and consumer goods counters depreciated by 2.49 per cent and 0.38 per cent respectively.
Cutix recorded the highest price increase during the session, moving higher by 8.33 per cent to trade at N3.25 and was followed by Cornerstone Insurance, which grew by 7.69 per cent to sell for 56 kobo.
Consolidated Hallmark Insurance rose by 6.90 per cent to 62 kobo, Royal Exchange chalked up 6.00 per cent to settle at 53 kobo, while Regency Assurance improved by 5.26 per cent to 40 kobo.
On the flip side, Total Energies closed the trading session as the heaviest price loser as its shares were depressed by 9.97 per cent to quote at N216.80.
Mutual Benefits Assurance depreciated by 6.90 per cent to 27 kobo, Linkage Assurance fell by 5.36 per cent to 53 kobo, Axa Mansard declined by 4.35 per cent to N2.20, while Chams also lost 4.35 per cent to sell for 22 kobo.
The market was quite busy on Tuesday with investors cherry-picking stocks of special interest to them and this resulted in the higher trading volume and value witnessed at the close of business.
A total of 423.8 million equities worth N11.7 billion exchanged hands in 4,181 deals yesterday compared with the 293.4 million equities worth N4.3 billion traded in 4,239 deals a day earlier, indicating an increase in the trading volume and value by 44.44 per cent and 171.60 per cent respectively and a decline of 1.37 per cent in the number of trades.
FBN Holdings was the most active equity as it traded 223.6 million units worth N2.8 billion and was trailed by Sterling Bank, which traded 32.5 million units worth N48.7 million.
Transcorp transacted 24.7 million units valued at N24.5 million, GTCO exchanged 20.8 million units valued at N564.2 million, while Jaiz Bank sold 15.9 million units for N10.3 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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