Economy
Stocks Open November Bearish With N27bn Loss
By Dipo Olowookere
The first trading session of the new week and month on the floor of the Nigerian Stock Exchange (NSE) ended bearish on Monday, November 2, 2020.
The market depreciated by 0.17 per cent yesterday and the major driver of this was the profit-taking embarked upon by investors during the session.
The losses were mainly from the energy sector, which was down by 1.21 per cent; the banking index, which was down by 0.78 per cent and the industrial goods space, which was down by 0.06 per cent
This reduced the All-Share Index (ASI) by 51.30 points to 30,479.39 points from 30,530.69 points and dragged the market capitalisation down by N27 billion to N15.931 trillion from N15.958 trillion.
Business Post observed that the gains printed by the insurance and consumer goods sectors, which went up respectively by 0.70 per cent and 0.57 per cent, could not sustain the growth recorded by the equities market in the previous sessions.
Mobil Oil was the heaviest price loser on Monday as shares of the energy firm depreciated by N6.10 to finish at N190 per share, while Ecobank trailed with a loss of 50 kobo to close at N5.15 per unit.
Julius Berger went down by 45 kobo to sell at N17.40 per share, C&I Leasing dropped 44 kobo to trade at N3.96 per share, while International Breweries fell by 37 kobo to quote at N7 per unit.
At the other side, Dangote Sugar ended the day as the highest price gainer after adding N1.35 to its share value to trade at N15.15 per share.
NASCON gained 85 kobo to close at N13.95 per unit, Flour Mills grew by 70 kobo to sell at N28.85 per share, Fidson appreciated by 22 kobo to settle at N4.40 per unit, while GlaxoSmithKline gained 20 kobo to quote at N6.20 per share.
The level of activity at the market on Monday was significantly lower than the previous session as the trading volume, value and number of deals went down by 53.37 per cent, 63.79 per cent and 25.43 per cent respectively.
At the market yesterday, 376.7 million shares worth N3.8 billion were traded in 6,050 deals as against the 807.8 million stocks worth N10.5 billion transacted in 8,113 deals at the previous session.
Fidelity Bank was the most active stock during the session and the company sold 49.9 million units of its stocks valued at N122.2 million.
Zenith Bank transacted 47.0 million shares for N1.0 billion, Dangote Sugar traded 30.9 million units valued at N465.2 million, Sterling Bank exchanged 30.2 million equities worth N57.6 million, while UBA transacted 29.7 million stocks valued at N226.0 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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