Economy
Eterna, CWG Close as Worst-Performing Stocks as Market Sheds 0.02%
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited suffered a marginal 0.02 per cent loss on Monday following sell-offs in some equities like Eterna, MTN Nigeria, CWG, GTCO and others.
Eterna and CWG closed the trading session as the worst-performing stocks after losing 10.00 per cent each to settle at N5.04 and 99 kobo respectively.
In addition, Royal Exchange shed 9.92 per cent to sell for N1.09, Veritas Kapital depreciated by 8.70 per cent to trade at 21 kobo, while SCOA Nigeria depleted by 8.13 per cent to close at N2.60.
According to data obtained by Business Post, the exchange closed with 22 price losers and 19 price gainers, indicating a negative market breadth and a weak investor sentiment.
On top of the gainers’ table yesterday was RT Briscoe, which is staging a comeback after a series of declines, rising during the session by 9.59 per cent to 80 kobo.
Ecobank gained 7.27 per cent to quote at N11.80, Prestige Assurance appreciated by 6.52 per cent to 49 kobo, Niger Insurance grew by 4.55 per cent to 23 kobo, while Mutual Benefits Assurance gained 3.85 per cent to close at 27 kobo.
It was observed that the sectorial performance was mixed on Monday, with the banking and industrial goods counters rising by 1.15 per cent and 0.12 per cent respectively and the insurance, consumer goods and energy sectors depreciating by 1.91 per cent, 0.41 per cent and 0.33 per cent respectively.
The overriding power of the bears on the bulls consequently depressed the All-Share Index (ASI) by 8.81 points to 47,428.67 points from 47,437.48 points and suppressed the market capitalisation by N4 billion to N25.562 trillion from N25.566 trillion.
Despite the poor performance of the bourse yesterday, the market activity was largely positive as the trading volume, value and number of deals increased by 11.00 per cent, 12.66 per cent and 20.54 per cent respectively.
Investors transacted 1.3 billion stocks worth N7.9 billion in 4,735 deals compared with the 1.2 billion stocks worth N7.0 billion traded in 3,928 deals last Friday.
This was buoyed by the cross deal in FCMB as the company traded 1.0 billion shares valued at N3.8 billion as Fidelity Bank transacted 38.1 million stocks worth N108.9 million.
Zenith Bank exchanged 28.5 million equities worth N768.1 million, Transcorp sold 21.0 million stocks for N23.8 million, while GTCO traded 17.0 million equities for N455.4 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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