Economy
28 Stocks Sustain Upward Trend at Nigerian Exchange
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited further appreciated by 0.05 per cent on Tuesday on the back of a sustained buying pressure, though it is gradually waning.
Yesterday, the number of price gainers reduced to 28 from 43 a day earlier, while the price losers rose to 23 compared with the preceding trading day’s 16.
From the analysis, Academy Press was the biggest price riser as it went up by 10.00 per cent to N1.21, Champion Breweries appreciated by 9.78 per cent to N2.47, Meyer gained 9.77 per cent to sell for N2.81, Neimeth improved by 9.56 per cent to N1.49, while eTranzact grew by 9.43 per cent to N2.90.
Conversely, Multiverse finished the session as the heaviest price decliner as it fell by 8.70 per cent to 21 kobo, International Breweries declined by 8.04 per cent to N5.15, Cadbury Nigeria lost 7.74 per cent to trade at N7.75, Japaul declined by 6.25 per cent to 30 kobo, while Honeywell Flour decreased by 4.88 per cent to N3.70.
Business Post observed that there were pockets of profit-taking yesterday around banking stocks (GTCO, Zenith Bank and others), causing its index to decline by 1.39 per cent at the close of transactions.
But the energy sector gained 3.35 per cent, the consumer goods index grew by 1.10 per cent, the insurance counter appreciated by 0.88 per cent, while the industrial goods sector rose by 0.03 per cent.
At the close of business, the All-Share Index (ASI) expanded by 25.21 points to 48,568.57 points from 48,543.36 points, while the market capitalisation closed higher by N14 billion to N26.184 trillion from N26.170 trillion.
The level of transactions improved on Tuesday as the trading volume rose by 41.52 per cent to 464.7 million from 328.4 million, the trading value increased by 73.58 per cent to N7.0 billion from N4.0 billion, while the number of trades jumped by 13.26 per cent to 6,468 deals from 5,711 deals.
Transcorp ended the day as the most active stock with a turnover of 123.8 million units valued at N144.6 million, AIICO Insurance traded 20.5 million units worth N14.1 million, Zenith Bank sold 19.5 million units worth N493.4 million, FBN Holdings exchanged 18.5 million units for N220.8 million, while Fidelity Bank transacted 18.2 million units worth N69.1 million.
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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