Economy
Equity Investors Gain N186bn Amid Momentum Investing
By Dipo Olowookere
Continued momentum trading at the Nigerian Exchange (NGX) Limited increased the portfolios of investors by 0.27 per cent on Wednesday.
During the session, the market capitalisation of the trading platform went up by N186 billion to N68.544 trillion from the N68.358 trillion recorded on Tuesday, and the All-Share Index (ASI) jumped by 295.99 points to 109,059.33 points from 108,763.34 points.
Yesterday, the commodity index remained flat, but the consumer goods space leapt by 1.25 per cent, the energy index advanced by 0.75 per cent, the banking counter improved by 0.58 per cent, the insurance industry chalked up 0.19 per cent, and the industrial goods sector appreciated by 0.01 per cent.
Investor sentiment remained strong as the bourse finished with 34 price gainers and 25 price losers, indicating a positive market breadth index.
Northern Nigeria Flour Mills gained 10.00 per cent to close N99.55, McNichols also increased by 10.00 per cent to N1.76, Champion Breweries went up by 9.91 per cent to N6.10, Caverton rose by 9.78 per cent to N4.04, and FTN Cocoa climbed higher by 9.65 per cent to N2.50.
On the flip side, Multiverse crashed by 9.63 per cent to N9.85, Geregu Power shut down by 9.09 per cent to N1141.50, Legend Internet lost 5.41 per cent to end at N8.40, Veritas Kapital slipped by 4.76 per cent to N1.00, and Transcorp shed 4.65 per cent to N44.10.
During the session, investors traded 531.3 million shares for N19.8 billion in 14,870 deals versus the 498.5 million shares worth N10.8 billion traded in 14,916 deals a day earlier, indicating a decline in the number of deals by 0.31 per cent, and a rise in the trading volume and value by 6.58 per cent and 83.33 per cent, respectively.
The most traded equity at midweek was GTCO with 53.3 million units sold for N3.7 billion, Access Holdings transacted 51.9 million units valued at N1.1 billion, Fidelity Bank traded 40.5 million units worth N834.8 million, Nigerian Breweries exchanged 35.8 million units valued at N1.9 billion, and Zenith Bank sold 27.4 million units worth N1.3 billion.
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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