Economy
Equity Market Down by 0.05% as Bears ‘Japa’ With N16bn
By Dipo Olowookere
The bears maintained their grip on the Nigerian Exchange (NGX) Limited on Monday after the market went down by 0.05 per cent at the close of transactions.
Profit-taking in the consumer goods space, especially in Nigerian Breweries and Dangote Sugar, weakened the exchange on the first trading session of the week, though investor sentiment remained strong.
Data showed that the All-Share Index (ASI) depleted yesterday by 29.35 points to settle at 54,886.04 points compared with last Friday’s 54,915.39 points, as the market capitalisation decreased by N16 billion to close at N29.900 trillion, in contrast to the previous N29.916 trillion.
The insurance counter lost 0.47 per cent during the session as the consumer goods sector went down by 0.36 per cent, eroding the 1.30 per cent jump reported by the banking index and the 0.06 per cent growth posted by the industrial goods sector. The energy counter remained unchanged at the close of business.
The market breadth was positive on Monday as the local bourse finished the trading day with 19 price gainers and 14 price losers led by Coronation Insurance, which fell by 9.52 per cent to 38 Kobo.
Ikeja Hotel depreciated by 9.52 per cent to N1.14, Stanbic IBTC lost 8.52 per cent to quote at N36.50, Multiverse dwindled by 5.80 per cent to N3.25, and Livestock Feeds slumped by 5.50 per cent to N1.03.
Access Holdings recorded the highest price improvement at the equity market yesterday as it rose by 7.14 per cent to N9.00, Cutix grew by 5.69 per cent to N2.23, University Press jumped by 5.53 per cent to N2.10, Custodian Investment went up by 5.17 per cent to N6.10, and Chams gained 4.17 per cent to trade at 25 Kobo.
The volume of shares transacted by investors on Monday surged by 664.33 per cent to 1.2 billion shares from 157.0 million shares transacted in the preceding session, as the value of transactions increased by 81.25 per cent to N2.9 billion from N1.6 billion, with the number of deals rising by 3.86 per cent to 3,066 deals from 2,952 deals.
The significant spike in the trading volume was due to the 1.1 billion shares of Neimeth traded during the session in an off-market deal. UBA sold 16.0 million equities, Access Holdings transacted 13.0 million stocks, Transcorp traded 11.8 million shares, and Zenith Bank exchanged 9.9 million stocks.
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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