Economy
Champion Breweries, Others Drown Local Bourse by 0.29%
By Dipo Olowookere
The first trading session of the new week ended on a negative note on Monday at the Nigerian Exchange (NGX) Limited following profit-taking activities by investors.
The local bourse drowned yesterday by 0.29 per cent as traders booked profit on shares that have appreciated in the past trading days.
The stock market had been reacting like it is on a steroid lately, reaching levels last seen in periods before the global financial meltdown in 2008. This has renewed investors’ confidence in the market, attracting various classes of them.
But yesterday, Champion Breweries, Lafarge Africa, International Breweries, MTN Nigeria, Zenith Bank and 15 others threw a spanner in the works of the market, causing it to close bearish.
Consequently, the All-Share Index (ASI) depleted by 154.37 points to 52,944.09 points from 53,098.46 points as the market capitalisation moderated by N83 billion to N28.543 trillion from N28.626 trillion.
Business Post reports that the consumer goods, industrial goods and banking sectors closed lower on Monday by 0.65 per cent, 0.64 per cent and 0.24 per cent respectively, while insurance and energy counters appreciated by 2.41 per cent and 0.60 per cent apiece.
Champion Breweries was the worst-performing stock of the session with a price decline of 9.84 per cent to N3.94, GlaxoSmithKline dropped 9.49 per cent to sell at N7.15, International Breweries fell by 9.09 per cent to N8.00, Neimeth retreated by 8.33 per cent to N1.76, while Lafarge Africa moderated by 8.28 per cent to N28.80.
A total of 27 equities appreciated in price during the session led by McNichols, which gained 9.70 per cent to trade at N1.47. Northern Nigerian Flour Mills appreciated by 9.55 per cent to N10.90, Transcorp rose by 8.53 per cent to N1.40, Coronation Insurance chalked by 7.14 per cent to finish at 45 kobo, while Consolidated Hallmark Insurance gained 7.02 per cent to settle at 61 kobo.
Analysis of the activity chart for the day revealed that investors exchanged 374.2 million shares valued at N5.0 billion in 6,854 deals compared with the 303.5 million shares worth N3.6 billion transacted in the preceding session in 7,019 deals, implying a decline in the number of deals by 2.35 per cent and an increase in the trading volume and value by 23.30 per cent and 38.85 per cent respectively.
Heavy transactions were seen around Transcorp and Jaiz Bank with the former trading 88.6 million units worth N119.0 million and the latter transacting 87.4 million units valued at N77.9 million.
Access Holdings exchanged 28.8 million shares valued at N278.6 million, International Breweries sold 16.2 million stocks worth 130.2 million, while Ikeja Hotel traded 11.4 million equities valued at N12.6 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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