Economy
Bears Run Away With Stock Investors’ N57bn After Profit-Taking
By Dipo Olowookere
Investors at the Nigerian Exchange (NGX) Limited lost 0.15 per cent of their wealth to profit-taking on Monday, putting an end to the four consecutive sessions of bullish run.
Sell-offs in the banking and the consumer goods sectors contributed to the downfall of the local stock market yesterday, with their respective indices finishing lower by 0.36 per cent and 0.09 per cent.
The bears dominated the bourse during the opening session of the week despite the insurance counter closing higher by 0.50 per cent, with the energy and industrial goods sectors remaining unchanged.
At the close of business, the All-Share Index (ASI) retreated by 104.29 points to 71,008.70 points from 71,112.99 points and the market capitalisation lost N57 billion to close at N39.051 trillion compared with the previous day’s N39.108 trillion.
Amid the sluggish start to the week, investor sentiment remained strong as there were 36 price gainers and 15 price losers, implying a positive market breadth index.
MeCure topped the gainers’ chart after it grew by 9.95 per cent to N6.30, Multiverse expanded by 9.92 per cent to N3.99, ABC Transport improved by 9.88 per cent to 89 Kobo, C&I Leasing rose by 9.84 per cent to N5.47, and Northern Nigerian Flour Mills soared by 9.83 per cent to N26.25.
On the flip side, RT Briscoe topped the losers’ chart after it lost 9.84 per cent to 55 Kobo, Prestige Assurance depleted by 9.09 per cent to 50 Kobo, Stanbic IBTC declined by 7.08 per cent to N65.00, CWG fell by 3.14 per cent to N7.70, and Caverton decreased by 2.78 per cent to N1.40.
Business Post observed that the market was quiet on Monday, as the trading volume and value went down by 18.82 per cent and 26.67 per cent apiece, while the number of deals increased by 11.35 per cent.
When trading activities ended for the session, a total of 358.5 million shares worth N4.4 billion exchanged hands in 6,551 deals compared with the 441.6 million shares worth N6.0 billion traded in 5,883 deals last Friday.
Access Bank topped the activity log for selling 27.6 million equities for N474.6 million, AIICO Insurance traded 21.9 million shares valued at N16.7 million, Universal Insurance exchanged 21.7 million stocks worth N5.2 million, Japaul sold 21.2 million shares for N37.2 million, and Veritas Kapital transacted 19.0 million equities worth N5.9 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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