Economy
Stock Market Sustains Gains With 0.19% Rise
By Modupe Gbadeyanka
The positive streak recorded on the floor of the Nigerian Stock Exchange (NSE) was sustained on Thursday as bulls continue to dominate the market.
Business Post correspondent reports that the stock market appreciated today by 0.19 percent due to the performances of Nigerian Breweries, Guinness and 24 other stocks.
At the close activities on Thursday, the year-to-date return finished at -2.63 percent, while the All-Share Index (ASI) added 50.01 points to end at 26,166.80 points and the market capitalisation improved by N18 billion to close at N9.045 trillion.
Our correspondent further reports that Zenith Bank led the activity chart with a total of 42.2 million shares traded at N661.6 million, while First Bank trailed with a total of 41.2 million units sold at N145.7 million.
Also, UBA exchanged a total of 25 million shares worth N159.3 million, while GTBank transacted 16.3 million shares valued at N435.8 million.
In all, at the end of trading activities on the floor of the NSE on Thursday, investors bought and sold a total of N255.6 million shares valued at N2.5 billion executed in 5,106 deals.
On the price movement chart, Nigerian Breweries gained N3.99k to finish at N128 per share, while Guinness added N2 to close at N63 per share.
Furthermore, International Breweries appreciated by N1.66k to end at N19.50k per share, Oando rose by 29k to close at N6.83k per share and Zenith Bank progressed by 23k to finish at N15.93 per share.
On the other hand, Stanbic IBTC fell by N2.64k to end at N24.81k per share and Lafarge went down by N1.32k to finish at N49.60k per share.
Unilever dropped 50k to close at N33 per share, Flour Mill depreciated by 48k to finish at N17.50k per share, while Forte Oil declined by 44k to end at N43.56k per share.
Investors are upbeats that the positive trend recorded by the market since the beginning of this week would be sustained tomorrow, the last trading day for the week.
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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