Economy
First NGX Trading Session in December 2024 Closes Bullish by 0.23%
By Dipo Olowookere
A 0.23 per cent growth was achieved at the Nigerian Exchange (NGX) Limited on Monday on the back of a renewed bargain-hunting by investors.
It was the first trading session of the week and in December 2024 on the floor of the local stock exchange.
Business Post reports that all the major sectors of the market ended in green yesterday, with the insurance index growing by 2.14 per cent.
Further, the industrial goods space appreciated by 0.89 per cent, the consumer goods sector improved by 0.67 per cent, the energy counter expanded by 0.37 per cent, and the banking industry gained 0.08 per cent.
As a result, the All-Share Index (ASI) went up by 226.99 points to 97,733.86 points from 97,506.87 points and the market capitalisation chalked up N138 billion to close at N59.245 trillion compared with last Friday’s N59.107 trillion.
The renewed confidence helped investor sentiment, which was strong during the session after Customs Street ended with 36 appreciating shares and 25 depreciating shares, implying a positive market breadth index.
The trio of Lafarge Africa, Abbey Mortgage Bank and Africa Prudential gained 10.00 per cent each to trade at N63.80, N2.64, and N9.90, respectively, as VFD Group appreciated by 9.88 per cent to N44.50, and Sovereign Trust Insurance jumped by 9.59 per cent to 80 Kobo.
On the flip side, eTranzact depreciated by 10.00 per cent to N6.75, NCR Nigeria weakened by 9.92 per cent to N4.27, FTN Cocoa slumped by 8.29 per cent to N1.77, Honeywell Flour moderated by 5.92 per cent to N4.45, and NPF Microfinance Bank shed 4.46 per cent to N1.50.
On Monday, investors traded 446.2 million stocks valued at N10.0 billion in 9,200 deals versus the 515.5 million stocks worth N15.1 billion traded in 7,554 deals in the previous trading day, representing a leap in the number of deals by 21.79 per cent, and a depletion in the trading volume and value by 13.44 per cent and 33.78 per cent, respectively.
The most active stock for the day was Japaul with the sale of 72.0 million units worth N161.8 million, UBA transacted 67.9 million units for N2.2 billion, Access Holdings exchanged 53.6 million units valued at N1.3 billion, Lafarge Africa sold 21.3 million units worth N1.4 billion, and GTCO traded 20.9 million units valued at N1.1 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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