Economy
BUA Cement, Abbey Mortgage Bank Lead Price Losers’ Chart as NGX Dips 0.25%
By Dipo Olowookere
It was a bad day for the Nigerian Exchange (NGX) Limited on Thursday as it depreciated by 0.25 per cent at the close of business due to profit-taking.
The decline suffered by the bourse happened despite investor sentiment getting stronger after recording 32 price gainers and 15 price losers, indicating a positive market breadth index.
At the trading session, Abbey Mortgage Bank lost 9.77 per cent to trade at N2.40, Conoil shed 9.45 per cent to close at N1.15, Conoil declined by 6.35 per cent to N244.00, BUA Cement tumbled by 5.93 per cent to N92.00, and Custodian Investment weakened by 4.76 per cent to N12.00.
On the flip side, The Initiates and Flour Mills appreciated by 10.00 per cent each to sell for N2.53 and N71.50 apiece, John Holt gained 9.86 per cent to trade at N7.02, International Energy Insurance rose by 9.85 per cent to N1.45, and Sunu Assurances leapt by 9.73 per cent to N2.48.
Business Post reports that the insurance counter went up by 0.95 per cent yesterday, the consumer goods index improved by 0.56 per cent, and the banking sector jumped by 0.53 per cent.
However, the gains recorded by the trio could not stop the damage done by the bears as a result of the decline of 1.85 per cent and 1.31 per cent posted by the industrial goods and energy indices, respectively.
Consequently, the All-Share Index (ASI) crumbled by 244.73 points to 97,233.07 points from 97,477.80 points and the market capitalisation fell by N148 billion to N58.919 trillion from the N59.067 trillion recorded a day earlier.
On Thursday, investors bought and sold 291.5 million shares valued at N7.8 billion in 7,931 deals compared with the 247.0 million shares worth N7.5 billion traded in 8,305 deals on Wednesday, implying a moderation in the number of deals by 4.50 per cent, and a rise in the trading volume and value by 18.02 per cent and 4.00 per cent, respectively.
Access Holdings was the most traded equity for the day with 60.4 million units worth N1.5 billion, UBA transacted 17.9 million units valued at N594.5 million, Zenith Bank exchanged 16.2 million units for N695.4 million, Oando sold 15.6 million units worth N950.4 million, and United Capital traded 15.4 million units valued at N265.3 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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