Economy
Nigerian Stocks Open Christmas Week Bullish, Gain 0.20%
By Dipo Olowookere
The first trading session in the Christmas week at the Nigerian Exchange (NGX) Limited was bullish as the market closed 0.20 per cent higher on Monday.
Interest in shares in the consumer goods and banking counters contributed to the gains recorded by the stock market yesterday.
It was the fourth straight trading session Nigerian stocks were closing positive at the bourse, as investors are buying equities expected to improve in value ahead of the Yuletide sales.
From analysis, the consumer goods sector appreciated by 1.00 per cent, the banking index grew by 0.12 per cent, the insurance space fell by 0.05 per cent, the energy counter depreciated by 0.01 per cent, while the industrial goods segment closed flat.
At the close of business, the All-Share Index (ASI) increased by 98.67 points to 49,414.96 points from 49,316.29 points, while the market capitalisation rose by N54 billion to N26.915 trillion from N26.861 trillion.
Thomas Wyatt closed the trading day as the best-performing stock as it rose by 8.77 per cent to 62 Kobo, International Breweries improved by 5.81 per cent to N4.55, Pharma-Deko grew by 5.00 per cent to N2.10, Living Trust Mortgage Bank rose by 4.90 per cent to N1.50, and Caverton increased by 3.45 per cent to 90 Kobo.
On the flip side, PZ Cussons finished the day as the worst-performing stock after it dropped 7.26 per cent to trade at N11.50, Chams fell by 4.35 per cent to 22 Kobo, UPDC REIT declined by 3.33 per cent to N2.90, FTN Cocoa went down by 3.23 per cent to 30 Kobo, and Africa Prudential tumbled by 2.73 per cent to N5.35.
Business Post reports that the NGX closed Monday’s trading session with 14 price gainers and 10 price losers, indicating a positive market breadth and a strong investor sentiment.
However, the level of activity waned yesterday as investors traded 76.7 million stocks worth N1.3 billion in 3,260 deals, in contrast to the 103.7 million stocks worth N2.0 billion transacted in 3,280 deals in the preceding session, representing a decline in the trading volume, value and number of deals by 26.04 per cent, 35.00 per cent, and 0.61 per cent, respectively.
GTCO was the most active stock on Monday as it traded 16.6 million units. UBA transacted 7.6 million shares, Chams sold 4.2 million equities, Consolidated Hallmark Insurance traded 4.0 million stocks, and Zenith Bank exchanged 3.8 million stocks.
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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