Economy
UAC Nigeria, FBN Holdings Drive Volume on NSE
By Dipo Olowookere
The volume of shares transacted on the floor of the Nigerian Stock Exchange (NSE) increased by 148.14 per cent on Wednesday.
This was largely driven by the sales of UAC Nigeria and FBN Holdings shares at the session as investors were interested in them.
Business Post reports that while UAC Nigeria traded 81.7 million stocks worth N471.5 million, FBN Holdings on its part transacted 66.4 million equities valued at N334.2 million.
Furthermore, Access Bank exchanged 59.2 million stocks for N378.8 million, Zenith Bank traded 30.8 million shares worth N521.2 million, while Presco transacted 26.2 million equities valued at N1.3 billion.
At the close of transactions, a total of 383.3 million shares worth N3.9 billion were traded in 3,860 deals in contrast to the previous day’s 154.5 million shares worth N1.5 billion transacted in 4,222 deals.
It was observed that the bargain hunting activities continued at the midweek session, resulting in the 0.16 per cent growth printed by trading stopped for the day at 2.30pm.
The All-Share Index (ASI) increased by 40.10 points to 24,882.04 points from 24,841.94 points, while the market capitalisation jumped by N21 billion to N12.980 trillion from N12.959 trillion.
The sustained growth yesterday was supported by the rise in most key sectors of the market with the exception of the insurance space, which declined by 0.01 per cent.
The energy counter grew by 0.11 per cent, the banking space followed with a growth of 0.07 per cent, while the consumer goods and industrial goods indices finished 0.01 per cent higher apiece.
The market breadth further closed positive on Wednesday with 18 price gainers and 12 price decliners.
Mobil Nigeria topped the gainers’ chart with a price appreciation of N1.60 to settle at N175 per share and was followed by Stanbic IBTC, which rose by N1.50 to finish at N31.50 per unit.
CAP gained N1.50 to end at N16.90 per share, Presco appreciated by 55 kobo to sell for N48 per share, while GTBank improved by 45 kobo to trade at N23.60 per unit.
On the flip side, Zenith Bank had a bad performance during the session, losing 45 kobo to settle at N16.50 per unit and was closely trailed by Eterna, which lost 18 kobo to sell for N1.82 per share.
May & Baker depreciated by 10 kobo to close at N2.90 per share, Flour Mills also declined by 10 kobo to finish at N19.40 per share, while Lafarge Africa slipped by 5 kobo to quote at N11.70 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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