Economy
Bears Remain Glued to Stock Exchange After N62bn Loss
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited shrank by 0.11 per cent on Tuesday after the bears extended their stay at the bourse on the back of sustained sell-offs in blue-chip equities like MTN Nigeria, GTCO, Zenith Bank and others.
The value of the stock exchange depreciated by N62 billion during the session to N59.116 trillion from N59.178 trillion, as the All-Share Index (ASI) contracted by 110.03 points to 104,553.31 points from 104,663.34 points.
This occurred despite the key sectors of the equity market all closing in the green territory, according to data obtained by Business Post.
The banking space rose by 1.07 per cent, the insurance counter appreciated by 0.59 per cent, the consumer goods index improved by 0.16 per cent, the industrial goods sector jumped by 0.12 per cent, and the energy space went up by 0.04 per cent.
There were 27 appreciating stocks and 23 depreciating stocks on Tuesday, representing a positive market breadth index and a strong investor sentiment.
International Energy Insurance gained 10.00 per cent to trade at N1.32, International Breweries rose by 9.89 per cent to N4.89, Juli soared by 9.85 per cent to N5.91, NEM Insurance increased by 9.59 per cent to N8.00, and FBN Holdings expanded by 9.06 per cent to N43.95.
On the opposite side, DAAR Communications declined by 9.86 per cent to 64 Kobo, CWG slumped by 9.09 per cent to N5.50, Sovereign Trust Insurance slipped by 8.51 per cent to 43 Kobo, UPDC REIT dwindled by 6.36 per cent to N5.15, and Fidson crashed by 6.25 per cent to N15.00.
The activity chart was mixed on the trading day, with the value of transactions down by 29.63 per cent to N7.6 billion from N10.8 billion, while the volume of transactions increased by 6.82 per cent to 307.1 million from 287.5 million, and the number of deals moved up by 5.19 per cent to 9,548 deals from 9,077 deals.
FBN Holdings closed the day as investors’ toast, trading 37.8 million shares worth N1.6 billion, as UBA transacted 36.9 million equities valued at N954.4 million. Access Holdings sold 28.1 million stocks for N649.3 million, Transcorp traded 21.6 million shares worth N322.6 million, and Fidelity Bank exchanged 19.8 million stocks valued at N200.5 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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