Economy
Value of Stocks on NSE Drops N55bn to N12.625trn
By Dipo Olowookere
The total value of shares on the floor of the Nigerian Stock Exchange (NSE) as captured by the market capitalisation depreciated on Monday by N55 billion.
The loss, about 0.44 per cent, was influenced by profit-taking activities of investors, who quickly rebalanced their portfolios after the gains recorded in the past sessions.
This led to the reduction of the market capitalisation yesterday to N12.625 trillion from N12.680 trillion it closed last Friday when the bourse appreciated by 0.12 per cent.
Business Post reports that the losses came from 17 stocks led by Mobil Oil as the share price of this energy stock depreciated by N19.20 to N173.40 per unit.
MTN Nigeria lost N1.10 during the session to settle at N115 per share, Zenith Bank went down by 50 kobo to quote at N16.20 per unit, GTBank declined by 45 kobo to finish at N22 per share, while Eterna depreciated by 15 kobo to N2.09 per unit.
There were 14 price risers at the market on Monday and NASCON led the chart after adding 50 kobo to its share value to quote at N10 per unit.
BUA Cement, C&I Leasing and Africa Prudential gained 25 kobo each to sell at N41.20 per share, N4.20 per share and N4.25 per share respectively, while Caverton rose by 14 kobo to trade at N1.95 per share.
It was observed that more trading activities occurred in the first session of the week when compared with the previous session.
The volume of shares transacted by investors increased by 75.67 per cent to 231.2 million units from 131.6 million units, while the value of stocks traded rose by 139.55 per cent to N2.2 billion from N899.5 million, with the number of deals jumping by 29.76 per cent to 3,950 deals from 3,044 deals.
Equities of Sterling Bank caught the attention of market participants, who bought and sold 77.6 million units valued at N96.8 million.
FCMB traded 33.3 million shares for N63.2 million, Fidelity Bank exchanged 27.1 million stocks worth N48.2 million, GTBank transacted 9.8 million shares for N215.0 million, while MTN Nigeria traded 9.7 million equities valued at N1.1 billion.
When market activities were wrapped up on Monday, the All-Share Index (ASI) depreciated by 105.76 points to 24,200.60 points 24,306.36 points.
In addition, the oil/gas, banking and insurance indices went down by 1.75 per cent, 1.70 per cent and 0.35 per cent respectively, while the industrial goods sector gained 0.26 per cent, with the consumer goods counter closing flat.
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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