Economy
Bulls Tighten Grip on Nigerian Exchange as Investors Gain N244bn
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited further consolidated its gains on Friday after it closed higher by 0.54 per cent amid a decline in the level of activity.
A total of 600.6 million shares worth N9.1 billion were traded in 11,697 deals yesterday versus the 877.3 million shares worth N14.4 billion transacted in 14,919 deals on Thursday, indicating a decline in the trading volume, value, and the number of deals by 31.54 per cent, 36.81 per cent, and 21.60 per cent, respectively.
Transcorp ended the session as the most active stock with a turnover of 54.4 million units valued at N752.7 million, Access Holdings exchanged 45.0 million units worth N1.3 billion, UBA transacted 33.5 million units for N1.1 billion, Universal Insurance sold 33.3 million units for N12.1 million, and Sterling Holdings traded 33.2 million units valued at N216.4 million.
Apart from the industrial goods index, which came under selling pressure, leading to a decline of 0.07 per cent, every other sector closed higher on the last trading session of the week.
The consumer goods counter increased by 2.36 per cent, the insurance sector appreciated by 0.89 per cent, the banking counter improved by 0.54 per cent, and the energy sector grew by 0.19 per cent.
As a result, the All-Share Index (ASI) gained 445.92 points to close at 83,042.96 points compared with the previous day’s 82,597.04 points, and the market capitalisation moved up by N244 billion to settle at N45.443 trillion versus the previous day’s N45.199 trillion.
Business Post reports that investor sentiment was bullish yesterday after the NGX finished the day with 49 price gainers and 19 price losers, representing a positive market breadth index.
Mutual Benefits and Sunu Assurances led the gainers’ gang after they rose by 10.00 per cent each to quote at 77 Kobo and N1.43 apiece, Ikeja Hotel grew by 9.96 per cent to N8.61, Unilever Nigeria expanded by 9.94 per cent to N18.25, and Cadbury Nigeria soared by 9.82 per cent to N24.05.
Conversely, Industrial and Medical Gases led the losers’ group after it dropped 9.15 per cent to sell at N13.40, UPDC lost 7.26 per cent to trade at N1.66, Cutix fell by 5.00 per cent to N2.66, Omatek depreciated by 5.00 per cent to 95 Kobo, and FTN Cocoa retreated by 4.76 per cent to N2.00.
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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