Economy
Consumer Goods, Energy Stocks Weaken NGX by 0.07%
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited depreciated by 0.07 per cent on Monday following the resumption of profit-taking by investors as they try to monitor macroeconomic conditions in the country.
The decline suffered yesterday was majorly caused by shares in the consumer goods, industrial goods and energy sectors, though financial equities also had a pocket of sell-offs, especially in FBN Holdings and Access Holdings.
Data obtained by Business Post showed that Conoil recorded the highest fall during the session as its value went down by 9.90 per cent to N25.95. Red Star Express lost 9.09 per cent to N2.50, RT Briscoe also depreciated by 9.09 per cent to 40 Kobo, Cutix dropped 7.69 per cent to N2.28, while Unity Bank declined by 6.67 per cent to 42 Kobo.
It was observed that Fidson performed well at the bourse on the first trading session of the week, appreciating by 9.82 per cent to N12.30, Learn Africa grew by 9.78 per cent to N2.47, UPDC rose by 9.71 per cent to N1.13, Prestige Assurance went up by 8.33 per cent to 39 Kobo, while Regency Assurance gained 7.69 per cent to trade at 28 Kobo.
A total of 194.1 million shares worth N2.8 billion exchanged hands in 4,899 deals yesterday compared with the 127.0 million shares worth N1.7 billion transacted in the preceding session in 3,718 deals, representing an increase in the trading volume, value and number of deals by 52.82 per cent, 65.33 per cent and 31.76 per cent respectively.
Transcorp was the most active stock as it sold 25.1 million units worth N31.8 million, GTCO transacted 20.2 million units worth N413.0 million, UBA sold 17.6 million units valued at N131.2 million, AIICO exchanged 13.6 million units for N8.3 million, while FBN Holdings traded 11.6 million units valued at N131.9 million.
When the exchange closed for the session, the All-Share Index (ASI) depreciated by 38.22 points to 51,791.45 points from 51,829.67 points, while the market capitalisation fell by N21 billion to N27.921 trillion from N27.942 trillion.
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.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn