Economy
Equities Gain N141bn on Positive Market Breadth Index
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited returned to the green territory on Friday after it gained 0.25 per cent, buoyed by a positive market breadth index.
Business Post reports that the equity market ended the week’s last trading session with 35 appreciating shares and 21 depreciating shares, implying strong investor sentiment.
Information about Fidson Healthcare planning a few plants in a free trade zone area triggered buying interest, resulting in a 10.00 per cent price appreciation at the close of transactions to N15.95.
It topped the gainers’ table because of this and was trailed by Meyer, which improved its value by 9.98 per cent to trade at N7.05.
Caverton expanded by 9.82 per cent to N3.69, PZ Cussons grew by 9.81 per cent after it announced an exit plan from Nigeria to settle at N17.35, and Academy Press advanced by 9.69 per cent to N3.17.
On the flip side, the positive momentum on FBN Holdings slowed yesterday, topping the losers’ chart after it dropped 9.98 per cent to sell at N27.50, Northern Nigerian Flour Mills fell by 9.96 per cent to N35.25, Chapel Hill Denham Nigeria Infrastructure Debt Fund lost 9.93 per cent to quote at N101.60, Flour Mills tumbled by 8.91 per cent to N50.45, and John Holt went down by 9.74 per cent to N2.78.
The sectorial performance showed the consumer goods space going down by 0.38 per cent and the banking counter down by 0.24 per cent.
However, the insurance index appreciated by 2.39 per cent, the energy sector improved by 0.41 per cent, and the industrial goods industry leapt by 0.01 per cent.
As a result, the All-Share Index (ASI) closed higher by 244.24 points to 98,247.99 points from the preceding day’s 98,003.75 points and the market capitalisation chalked up N141 billion to finish at N56.457 trillion compared with Thursday’s closing value of N56.316 trillion.
Unlike the previous trading day, the activity chart was mixed on Friday as the trading volume surged by 17.14 per cent and the value of transactions depleted by 11.40 per cent, while the number of deals shrank by 11.96 per cent.
Investors traded 554.2 million stocks worth N10.1 billion in 8,670 deals versus the 473.1 million stocks valued at N11.4 billion transacted in 9,848 deals a day earlier.
After selling 151.9 million shares valued at N4.4 billion, FBN Holdings occupied the topmost spot on the activity chart yesterday, trailed by Japaul, which had held the position for a few days, trading 150.1 million equities for N393.0 million. Fidelity Bank exchanged 27.2 million shares valued at N359.6 million, UAC Nigeria transacted 26.0 million shares worth N537.9 million, and AIICO Insurance sold 14.7 million stocks for N17.2 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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