Economy
Industrial Goods, Energy, Consumer Goods Stocks Pull Down NGX Index by 1.60%
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited witnessed massive profit-taking on Tuesday, especially in the industrial goods, consumer goods and energy sectors.
The nation’s stock exchange further depreciated by 1.60 per cent yesterday, pulling down the key performance indicator, the All-Share Index (ASI), below the 29,000 psychological threshold.
The NGX index depreciated by 789.91 points to settle at 48,554.76 points compared with the preceding day’s 49,344.67 points, while the market capitalisation fell by N426 billion to close at N26.189 trillion in contrast to Monday’s N26.615 trillion.
BUA Foods lost 9.92 per cent to sell for N54.00, Northern Nigerian Flour Mills fell by 9.88 per cent to N7.75, Seplat depreciated by 8.44 per cent to N1,300.00, Eterna went down by 8.33 per cent to N6.05, while NAHCO decreased by 7.56 per cent to trade at N5.50.
On the flip side, NEM Insurance gained 10.00 per cent to settle at N4.40, FTN Cocoa grew by 10.00 per cent to 33 Kobo, Honeywell Flour rose by 9.89 per cent to N2.89, University Press expanded by 9.88 per cent to N1.89, while Mutual Benefits stretched its value by 7.41 per cent to 29 Kobo.
When trading activities closed by 2:30 pm, a total of 18 stocks depreciated in price while 10 stocks appreciated in value, indicating a negative market breadth.
Business Post observed that all the major sectors of the bourse closed bearish. The industrial goods counter lost 5.27 per cent, the energy sector fell by 4.94 per cent, the consumer goods space declined by 3.28 per cent, the insurance index moderated by 0.73 per cent, while the banking sector went down by 0.07 per cent.
A total of 204.2 million shares worth N3.2 billion exchanged hands in 3,533 deals yesterday compared with the 122.7 million shares worth N1.3 billion transacted in 3,915 deals on Monday, indicating a decline in the number of deals by 9.76 per cent and an increase in the trading volume and value by 66.34 per cent and 144.64 per cent respectively.
Mutual Benefits traded 44.0 million shares valued at N12.8 million, Zenith Bank transacted 25.2 million stocks for N554.8 million, FBN Holdings exchanged 22.1 million equities worth N236.9 million, Access Holdings sold 13.0 million stocks valued at N107.7 million, while UBA traded 11.2 million equities worth N78.8 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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