Economy
Investors Lose N39bn on Profit-Taking in Dangote Cement, Others
By Dipo Olowookere
Profit-taking in consumer goods and industrial goods deflated the Nigerian Stock Exchange (NSE) by 0.23 per cent on Monday.
The decline suffered by the market occurred despite the positive sentiment witnessed during the session as 35 stocks appreciated in price as against the 22 price losers.
The weakening of the market was caused by the sell-off in Dangote Cement and others. The cement stock went down by N2.40 to close at N234.60 per unit.
Flour Mills depreciated by N1.80 to settle at N31 per share, Guinness Nigeria declined by 50 kobo to sell for N18.50 per share, FBN Holdings depleted by 30 kobo to N7.30 per unit, while NASCON deflated by 30 kobo to trade at N17.25 per share.
Business Post reports that BOC Gases continued its recent bull run yesterday, rising by N1.25 to finish at N13.77 per unit and was trailed by Cadbury Nigeria, which grew by 95 kobo to sell at N10.45 per unit.
GTBank appreciated by 60 kobo to close at N33.65 per share, Livestock Feeds gained 21 kobo to quote at N2.32 per unit, while Lafarge Africa appreciated by 20 kobo to trade at N24 per share.
At the session, investors traded 738.5 million stocks worth N4.2 billion in 7,396 deals in contrast to the 666.6 million shares worth N6.4 billion traded in 6,980 deals at the previous session, representing 10.79 per cent rise in the trading volume, 34.76 per cent decline in the trading value and 5.96 per cent increase in the number of deals.
Japaul was investors’ delight yesterday as it closed as the most active stock, trading 92.4 million units valued at N145.8 million, followed by Universal Insurance, which exchanged 51.8 million units worth N10.4 million.
Transcorp traded 43.2 million equities for N46.2 million, FBN Holdings sold39.8 million stocks for N298.3 million, while Axa Mansard Insurance transacted 39.2 million shares valued at N63.9 million.
A look at the performances of the sectors showed that the consumer goods counter depreciated by 0.62 per cent, while the industrial goods space declined by 0.43 per cent.
However, the insurance sector appreciated by 5.98 per cent, the energy space grew by 0.02 per cent, while the banking index slightly moved higher by 0.01 per cent.
Due to the impact of the consumer goods and the industrial goods sectors on the market yesterday, the All-Share Index (ASI), at the close of transactions, depleted by 93.76 points to 41,082.38 points from 41,176.14 points, while the market capitalisation reduced by N39 billion to N21.491 trillion from N21.530 trillion.
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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