Economy
Nigeria’s Stock Exchange Suffers First Loss in Seven Sessions, Sheds 0.25%
By Dipo Olowookere
Weak investor sentiment plunged the Nigerian Exchange (NGX) Limited into the danger zone by 0.25 per cent on Monday.
It was the first loss recorded by Nigeria’s stock exchange in seven trading sessions. Profit-taking dominated the bourse during the session as investors sold off some shares that had gained weight in the past week.
Business Post observed that equities in the industrial goods and banking sectors influenced the decline suffered by the market yesterday, upturning the gains posted by the others.
The insurance counter gained 1.43 per cent, the energy space rose by 0.09 per cent, and the consumer goods sector appreciated by 0.02 per cent. But the industrial goods space shed 1.31 per cent, while the banking sector went down by 0.22 per cent.
As a result, the All-Share Index (ASI) depreciated by 117.89 points to 47,436.45 points from 47,554.34 points, while the market capitalisation decreased by N65 billion to N25.837 trillion from N25.902 trillion.
During the trading day, traders transacted 279.3 million stocks worth N1.6 billion in 3,781 deals, in contrast to the 99.0 million stocks worth N5.5 billion traded in 2,780 deals last Friday, representing a decline in the trading value by 71.71 per cent, an increase in the trading volume by 182.15 per cent, and a growth in the number of trades by 36.01 per cent.
Regency Assurance had the highest number of shares transacted by investors on Monday as it sold 97.6 million units, followed by Jaiz Bank, which traded 65.4 million units. UBA transacted 22.9 million shares, Fidelity Bank exchanged 12.4 million stocks, and FBN Holdings sold 10.3 million equities.
A total of 17 stocks ended on the losers’ chart on the first session of the week, while 15 stocks were on the gainers’ log, indicating a negative market breadth.
Beta Glass depreciated by 9.90 per cent to N39.60, McNichols fell by 9.68 per cent to 56 Kobo, SCOA Nigeria depleted by 9.40 per cent to N1.06, Jaiz Bank lost 6.82 per cent to trade at 82 Kobo, and Coronation Insurance decreased by 5.71 per cent to 33 Kobo.
Conversely, the highest price gainer was Prestige Assurance as it rose by 9.30 per cent to 47 Kobo, NEM Insurance improved by 9.22 per cent to N4.50, Courteville appreciated by 8.70 per cent to 50 Kobo, Thomas Wyatt expanded by 8.33 per cent to 39 Kobo, and Unity Bank gained 7.55 per cent to sell for 57 Kobo.
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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