Economy
Total Nigeria, 32 Others Lift Equities Market by 0.58%
By Dipo Olowookere
Gains recorded by 33 counters led by Total Nigeria Plc on Tuesday reversed the loss posted on Monday by the stock market.
The Nigerian Stock Exchange (NSE) had closed 0.32 percent lower yesterday, but buying interest by investors today lifted the market, closing 0.58 percent higher at the close of transactions.
A total of 204.85 points were gained on Tuesday by the All Share Index (ASI) to settle at 35,516.21 points, while the market capitalisation increased by N75 billion to finish at N12.966 trillion.
Business Post reports that the market breadth ended positive today with 33 price gainers and 16 price losers.
Total Nigeria, which topped the price risers’ chart today, increased by N9 to settle for the day at N190 per share.
It was followed by Flour Mills of Nigeria, which rose by N1.20k to end at N24.80k per share, and GTBank, which appreciated by N1 to settle at N39 per share.
PZ Cussons garnered 95 kobo to close at N14 per share, while Dangote Sugar added 50 kobo to its share value to close at N15.50k per share.
At the other side, it was a bad day for GlaxoSmithKline as its shares depreciated by N1 to close at N14 per share.
Forte Oil went down by 70 kobo to end at N22.30k per share, while Ecobank also shed 70 kobo to settle at N19.30k per share.
Nigerian Breweries lost 50 kobo today to finish at N100 per share, while Custodian Investment fell by 35 kobo to close at N5.10k per share.
At the close of transactions on Tuesday, the volume and value of shares traded by investors at the market increased by 89.97 percent and 172.34 percent respectively.
A total of 339.8 million equities worth N5.5 billion were exchanged today against the 178.8 million shares valued at N2 billion traded yesterday.
The shares of Consolidated Hallmark Insurance dominated these trades, accounting for 99.9 million units worth N31 million.
It was followed by Stanbic IBTC, which sold 73 million shares valued at N3.6 billion, while May & Baker exchanged 40.1 million equities for N91.9 million.
Transcorp sold 16.1 million shares worth N19.7 million, while United Bank for Africa (UBA) exchanged 13.8 million equities valued at N115 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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