Economy
Domestic Stock Market Rebounds by 0.22% as 54 Equities Appreciate
By Dipo Olowookere
Transactions on the floor of the Nigerian Exchange (NGX) Limited ended on a bullish note on Monday with a 0.22 per cent growth after it closed bearish last Friday.
It was observed that investors went into the Christmas week with enthusiasm, cherry-picking equities projected to deliver value next year, including MRS Oil Nigeria, which sealed a deal with Dangote Refinery to sell premium motor spirit (PMS), otherwise known as petrol, at a cheaper rate across its outlets nationwide.
Sterling Holdings, International Breweries, Champion Breweries, AXA Mansard, and Okomu Oil all chalked up 10.00 per cent each to settle at N5.50, N5.50, N4.18, N8.25, and N403.70, respectively.
However, Austin Laz lost 9.84 per cent to trade at N1.65, Aradel Holdings declined by 9.64 per cent to N600.00, Oando slumped by 8.63 per cent to N63.50, Veritas Kapital tumbled by 4.44 per cent to N1.29, and Omatek crashed by 4.41 per cent to 65 Kobo.
At the close of business, the bourse recorded 54 price gainers and 20 price losers, indicating a positive market breadth index and strong investor sentiment.
Business Post reports that the insurance sector appreciated by 3.89 per cent, the consumer goods index expanded by 2.48 per cent and the banking counter appreciated by 2.16 per cent, while the industrial goods space depreciated by 0.06 per cent and the energy sector shed 0.05 per cent.
The All-Share Index (ASI) increased by 227.06 points to 101,356.15 points from 101,129.09 points and the market capitalisation gained N138 billion to finish at N61.441 trillion compared with last Friday’s N61.303 trillion.
Yesterday, the market participants transacted 503.2 million shares valued at N16.3 billion in 12,490 deals versus the 515.6 million shares worth N16.5 billion traded in 11,554 deals, representing a rise in the number of deals by 8.10 per cent and a fall in the trading volume and value by 2.41 per cent and 1.21 per cent, respectively.
The busiest equity on Monday was GTCO with 39.4 million units sold for N2.3 billion, Japaul traded 35.8 million units valued at N78.2 million, Zenith Bank transacted 34.7 million units worth N1.6 billion, UBA exchanged 26.4 million units valued at N912.1 million, and Universal Insurance traded 25.6 million units worth N12.0 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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