Economy
Trading on NSE Closes Bearish for Fourth Consecutive Day
By Dipo Olowookere
For the fourth time this week, the Nigerian Stock Exchange (NSE) closed in the negative territory as investors continue to take profit from the gains posted last week.
The All-Share Index (ASI) consequently declined further on Thursday by 24.88 points or 0.09 percent to 26,913.70 points from 26,938.58 points, while the market capitalisation decreased by N12 billion to N12.990 trillion from N13.002 trillion.
However, the volume of shares traded by investors improved in the day by 83.60 percent to 207.3 million from 112.9 million, while the value of the trades rose by 164.26 percent to N2.9 billion from N1.1 billion, with the number of deals increasing by 26.34 percent to 3,842 from 3,041.
There were heavy activities around shares of UAC Nigeria. The company sold a total of 40.2 million units worth N315.9 million, while Access Bank followed with 28.3million units valued at N260.1 million.
GTBank sold 27.7 million shares for N837.7 million, Zenith Bank traded 25.9 million equities worth N484.6 million, while FBN Holdings transacted 23.8 million shares valued at N159.2 million.
It was observed that the market came under pressure yesterday as a result of selloffs in the banking space (-0.67 percent), the insurance sector (-2.52 percent) and the energy space (-0.03 percent). Only two sectors closed positive; consumer goods rose by 0.69 percent, while industrial goods appreciated by 0.01 percent.
Arbico was the highest price loser on Thursday, going down by 47 kobo to close at N4.32 per unit, while Fidson Healthcare lost 35 kobo to finish at N3.40 per share.
Access Bank went down by 25 kobo to close at N9.05 per unit, MedView Airline depreciated by 18 kobo to settle at N1.62 per share, while FBN Holdings declined by 15 kobo to end at N6.65 per unit.
At the other end, Dangote Sugar appreciated by N1.10 to close at N14.80 per unit, while UAC Nigeria gained 50 kobo to close at N8.05 per share.
Nigerian Breweries improved by 15 kobo to end at N51.20 per share, Cutix appreciated by 6 kobo to trade at N1.54 per unit, United Capital rose by 4 kobo to end at N2.30 per share.
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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