Economy
Nigerian Shares Lose 0.02% to Mild Profit-Taking
By Dipo Olowookere
The first trading session in July on the floor of the Nigerian Exchange (NGX) was sloppy and the bears were not merciful as they punished the market by 0.02 per cent.
Business Post reports that the market succumbed to mild profit-taking in GT HoldCo, UBA, Cadbury Nigeria, Oando, United Capital and others.
As a result, the All-Share Index (ASI) reduced by 8.69 points to 37,898.59 points from 37,907.28 points, while the market capitalisation went down by N4 billion to N19.756 trillion from N19.760 trillion.
From the sectoral performance, it was observed that the energy counter was responsible for the decline witnessed by Nigerian shares yesterday as it depreciated by 1.30 per cent. This loss outweighed the gains in the other sectors.
The banking and insurance sectors appreciated by 0.43 per cent each, the consumer goods space grew by 0.02 per cent, while the industrial goods sector closed flat.
A total of 20 equities closed on the gainers’ chart yesterday, while 15 equities finished on the losers’ log, indicating a positive market breadth. But the risers could not save the market from drowning.
The biggest loss was recorded by Royal Exchange, which went down by 9.84 per cent to 55 kobo and was trailed by Oando, which lost 8.51 per cent to finish at N3.01.
Mutual Benefits Assurance depreciated by 6.98 per cent to sell for 40 kobo, Regency Alliance went down by 6.52 per cent to 43 kobo, while Cornerstone Insurance declined by 3.57 per cent to 54 kobo.
On the flip side, Tripple Gee finished as the best-performing stock after its equity price went up by 10.00 per cent to settle at 77 kobo.
Ikeja Hotel grew by 9.77 per cent to trade at N1.46, CWG appreciated by 9.57 per cent to N1.26, Wema Bank gained 9.52 per cent to trade at 69 kobo, while Learn Africa rose by 9.52 per cent to N1.15.
On Thursday, investors traded 205.5 million shares worth N2.7 billion in 3,563 deals versus the 213.7 million shares worth N3.2 billion traded in 3,522 deals on Wednesday, indicating a 3.86 per cent decline in the number of traded shares, a 15.45 per cent decline in the value of traded shares and a 1.16 increase in the number of deals.
GT HoldCo was the most active stock at the market yesterday as it sold 41.8 million units valued at N1.3 billion and was followed by Mutual Benefits, which sold 14.7 million units valued at N5.9 million.
Wema Bank transacted 13.2 million shares worth N8.3 million, Courtville exchanged 12.1 million stocks for N2.6 million, while Zenith Bank traded 9.8 million equities valued at N233.8 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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