Economy
NGX Index Rallies by 0.20% as Investors Pocket N120bn
By Dipo Olowookere
The key performance indices of the Nigerian Exchange (NGX) Limited maintained their upward trend on Tuesday by 0.20 per cent amid renewed interest in local equities.
Business Post reports that investors were mostly attracted to financial stocks during the trading session preceding the sale of some treasury bills by the Central Bank of Nigeria (CBN) at the primary market.
Data showed that the insurance counter grew by 1.22 per cent, the banking index appreciated by 0.91 per cent, the consumer goods space fell by 0.70 per cent, and the energy sector depreciated by 0.31 per cent, while the industrial goods sector closed flat.
When trading activities ended for the session, the All-Share Index (ASI) increased by 197.78 points to 98,892.58 points from 98,694.80 points and the market capitalisation was up by N120 billion to N59.924 trillion from the previous day’s N59.804 trillion.
Like the preceding session, investor sentiment was bullish with the bourse recording 23 price gainers and 15 price losers, implying a positive market breadth index.
Transcorp Hotels gained 9.28 per cent to settle at N106.00, UPDC jumped by 6.90 per cent to N1.55, Universal Insurance rose by 5.88 per cent to 36 Kobo, ABC Transport chalked up 4.65 per cent to trade at N1.35, and UAC Nigeria expanded by 3.96 per cent to N21.00.
On the flip side, John Holt depreciated by 9.84 per cent to N2.75, Tantalizers declined by 9.84 per cent to 55 Kobo, Dangote Sugar waned by 8.82 per cent to N31.00, Regency Alliance slumped by 7.14 per cent to 52 Kobo, and Honeywell Flour slipped by 5.81 per cent to N4.38.
The activity chart was mixed yesterday, with the trading value depleting by 9.78 per cent, the number of deals down by 15.63 per cent and trading volume growing by 45.93 per cent.
A total of 591.0 million shares worth N24.9 billion exchanged hands in 6,987 deals on Tuesday versus the 405.0 million shares valued at N27.6 billion traded in 8,281 deals on Monday.
Champion Breweries transacted 255.3 million stocks worth N1.0 billion during the session to lead the activity chart, Japaul exchanged 108.9 million equities valued at N255.8 million, UBA traded 45.0 million shares for N1.2 billion, FCMB sold 19.2 million stocks valued at N160.4 million, and C&I Leasing transacted 16.9 million shares worth N59.1 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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