Economy
NGX Index Rises 0.47% on Sustained Buying Pressure
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited further appreciated by 0.47 per cent on Monday on the back of sustained buying pressure, especially in the energy sector.
This expanded the All-Share Index (ASI) by 181.18 points to 38,849.08 points from 38,667.90 points and increased the market capitalisation by N94 billion to N20.241 trillion from N20.147 trillion.
As earlier stated, the growth recorded yesterday was influenced by the interests of investors in energy equities and this caused the sector to appreciate by 2.24 per cent at the close of transactions.
The industrial goods counter rose by 0.30 per cent, the consumer goods space grew by 0.28 per cent, the banking index rose by 0.26 per cent, while the insurance sector lost 0.42 per cent.
When trading activities were paused for the session, Oando was the best-performing stock with a price appreciation of 9.82 per cent to finish at N4.36.
FTN Cocoa gained 9.76 per cent to sell at 45 kobo, Ardova rose by 9.75 per cent to N17.45, BOC Gases improved by 9.74 per cent to N8.45, while Livestock Feeds grew by 9.64 per cent to N2.16.
On the flip side, Universal Insurance ended the session as the worst-performing equity with a price depreciation of 9.09 per cent to trade at 20 kobo.
Linkage Assurance went down by 7.14 per cent to 65 kobo, Sovereign Trust Insurance depreciated by 6.90 per cent to 27 kobo, Africa Prudential declined by 6.52 per cent to N6.45, while Regency Alliance dropped 6.25 per cent to trade at 45 kobo.
Business Post reports that at the first trading session of this week, the activity chart was mixed with the trading volume rising by 7.08 per cent to 246.6 million units from 230.3 million units, the number of deals growing by 13.08 per cent to 4,676 deals from 4,135 deals and the trading value depreciating by 2.97 per cent to N2.2 billion from N2.3 billion.
Fidelity Bank was the busiest stock on Monday, transacting 30.6 million units worth N73.8 million and was trailed by Access Bank, which exchanged 14.7 million units valued at N136.7 million.
UBA traded 13.8 million shares worth N108.7 million, GTCO transacted 12.8 million stocks for N378.3 million, while Wema Bank sold 11.3 million equities valued at N9.8 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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