Economy
Total Value of Nigerian Stocks Now N68.105trn After 1.56% Rise
By Dipo Olowookere
A 1.56 per cent rise was recorded by the Nigerian Exchange (NGX) Limited on the back of renewed confidence in the market by investors.
The growth posted by Nigerian stocks during the session was significantly driven by demand for banking and energy equities.
The energy space appreciated by 2.97 per cent, the consumer goods index gained 1.75 per cent, the banking counter grew by 1.60 per cent, the commodity sector improved by 1.54 per cent, and the industrial goods index expanded by 0.08 per cent, while the insurance industry went down by 1.61 per cent.
At the close of business, the All-Share Index (ASI) chalked up 1,662.60 points to 108,361.10 points from the 106,698.50 points recorded a day earlier and the market capitalisation, which measures the total value of shares on the platform, increased by N1.045 trillion to N68.105 trillion from N67.060 trillion.
The trio of Ecobank, Northern Nigeria Four Mills, and Nestle Nigeria topped the gainers’ chart yesterday after they rose by 10.00 per cent each to N25.85, N82.50, and N1,210.00 apiece, as Beta Glass jumped by 9.98 per cent to N132.80, and Austin Laz leapt by 9.94 per cent to N1.88.
Conversely, Guinea Insurance led the losers’ group after it shed 8.70 per cent to 63 Kobo, DAAR Communications declined by 6.78 per cent to 55 Kobo, VFD Group lost 6.59 per cent to trade at N17.00, Coronation Insurance slumped by 6.07 per cent to N2.01, and Regency Alliance weakened by 4.69 per cent to 61 Kobo.
During the session, investors transacted 475.5 million stocks for N13.9 billion in 17,575 deals versus the 569.0 million stocks valued at N18.9 billion exchanged in 18,612 deals on Monday, representing a decline in the trading volume, value, and number of deals by 16.43 per cent, 26.46 per cent, and 5.57 per cent, respectively.
The busiest equity on Tuesday was Access Holdings with 103.9 million units worth N2.2 billion, GTCO exchanged 38.0 million units for N2.4 billion, UBA traded 30.7 million units valued at N1.1 billion, Sterling Holdings transacted 27.2 million units worth N147.2 million, and Zenith Bank sold 26.2 million units valued at N1.2 billion.
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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