Economy
Renewed Confidence in Nigerian Stocks Raises NGX by 0.50%
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited maintained its upward movement on Friday with a 0.50 per cent growth at the close of business.
This was heavily influenced by the renewed confidence in Nigerian stocks, as investors are rescinding their decision to sell off a few days ago because of negative signals from the macroeconomic environment.
The slowdown in the intensity of the nationwide protests against bad governance may have given traders fresh signs of renewed hope.
Analysis of the trading data showed that the banking space inspired bargain-hunting yesterday as it closed higher by 1.93 per cent amid the 0.66 per cent loss recorded in the insurance landscape.
The energy index appreciated by 0.71 per cent, the consumer goods counter improved by 0.67 per cent, and the industrial goods sector closed flat.
At the close of transactions, the All-Share Index (ASI) increased by 487.49 points to 98,605.79 points from 98,118.30 points, and the market capitalisation gained N277 billion to settle at N55.986 trillion versus Thursday’s closing value of N55.709 trillion.
Business Post reports that there were 38 price gainers and 18 price losers during the last trading day of the week, implying a positive market breadth index and strong investor sentiment.
The quartet of ABC Transport, Eterna, Julius Berger, and United Capital chalked up 10.00 per cent each to sell for 77 Kobo, N19.80, N110.00, and N15.95, respectively, while MeCure Industries rose by 9.94 per cent to N8.52.
But Union Dicon lost 9.88 per cent to trade at N7.30, University Press declined by 8.79 per cent to N2.18, Custodian Investment shrank by 8.59 per cent to N11.70, Omatek depreciated by 7.14 per cent to 65 Kobo, and AXA Mansard depreciated by 6.85 per cent to N5.03.
A total of 477.4 million shares valued at N8.2 billion exchanged hands in 9,529 deals on Friday compared with the 791.8 million shares worth N15.1 billion transacted in 9,059 deals on Thursday, showing a leap in the number of deals by 5.19 per cent, and a shortfall in the trading volume and value by 39.71 per cent, and 45.70 per cent, respectively.
Veritas Kapital ended the session as the most traded after selling 103.2 million equities for N125.6 million, Oando transacted 52.4 million shares worth N2.1 billion, UBA traded 42.8 million stocks valued at N966.7 million, Zenith Bank exchanged 32.0 million equities worth N1.2 billion, and Access Holdings traded 24.2 million stocks valued at N474.0 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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