Economy
Stocks Gain N84bn on Sustained Bargain Hunting
By Dipo Olowookere
The equities market ended on a positive note on Wednesday despite the negative investor sentiment witnessed at the close of business, which left the local bourse finishing with 17 price losers and 16 price gainers.
It was observed that the bargain hunting by investors extended the rally recorded on the floor of the Nigerian Stock Exchange (NSE).
By the time market wrapped up for the day, the nation’s stock exchange closed 0.73 percent, a situation slightly helped by the positive Q1 2019 results released by GTBank and Zenith Bank on Wednesday and Access Bank on Tuesday.
Business Post reports that the volume of shares transacted by investors yesterday declined by 32.78 percent from 321.4 million to 216 million, while the total went down by 30.69 percent from N4.7 billion to N3.2 billion.
There were huge interests in the shares of Access Bank during the midweek trade as investors mopped up the stock, leaving it to close as the day’s most actively traded equity with a turnover of 39.2 million units worth N259 million.
UBA followed with the sale of 24.2 million units of its stocks for N156.9 million, with LASACO Insurance traded 20.8 million units worth N6.3 million.
Zenith Bank exchanged 16.3 million equities valued at N342.5 million, while FCMB transacted 10.9 million shares for N20.6 million.
An cursory look at the major market indices yesterday indicated that the All-Share Index (ASI) appreciated by 224.62 points to settle at 29,970.86 points, while the market capitalisation increased by N84 billion to close at N11.257 trillion.
On the price movement chart, Nestle Nigeria emerged as the best performing stock after appreciating by N79.70k to close at N1580 per unit.
Dangote Cement rose by N2 to end at N188 per share, while Nigerian Breweries grew by 85 kobo to settle at N64.85k per share.
Access Bank gained 60 kobo to finish at N6.65k per share, while Dangote Flour appreciated by 30 kobo to quote at N10.40k per share.
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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