Economy
Industrial Goods Stocks Revive NSE Index by 0.47%
By Dipo Olowookere
It was a positive start to a new month for the Nigerian Stock Exchange (NSE) on Wednesday, July 1, 2020, as the bourse rebounded by 0.47 percent after the previous day’s loss.
Gains in the industrial goods stocks like BUA Cement and Lafarge Africa as well as Cadbury Nigeria in the consumer goods sector supported the market yesterday, ensuring that the losses by 22 stocks did not affect the overall performance of the exchange, which printed only 12 gainers.
Data sourced by Business Post from the NSE indicated that the banking sector depreciated by 0.88 percent, followed by the insurance index, which fell by 0.79 percent, and the consumer goods industry, which went down by 0.47 percent.
However, the industrial goods counter appreciated by 1.35 percent, while the oil/gas space moved up by 0.30 percent at the session.
At the close transactions for the day, the benchmark index, which is the All-Share Index (ASI), increased by 155.89 points to 24,595.05 points from 24,479.16 points.
In the same vein, the market capitalisation, which indicates the total value of stocks on the exchange, increased by N60 billion to N12.830 trillion from N12.770 trillion.
At the market yesterday, the activity chart was in red following the 29.45 percent decline in the volume of shares traded by investors to 198.0 million from 280.7 million.
Equally, the value of stocks exchanged by market participants reduced by 66.98 percent to N1.0 billion from N3.1 billion, while the number of deals declined by 15.50 percent to 3,772 deals from 4,464 deals.
Wapic Insurance was the most active stock at the midweek session with 30.3 million units of its equities traded for N11.2 million.
UPDC REIT transacted 22.8 million shares for N79.7 million, UBA traded 20.2 million stocks worth N123.5 million, Transcorp exchanged 19.4 million equities valued at N12.8 million, while Chams traded 11.7 million stocks for N2.6 million.
The highest price gainer of the day was BUA Cement, rising by N3.30 to settle at N42 per share and was trailed by Cadbury Nigeria, which gained 65 kobo to sell at N7.40 per unit.
In addition, Lafarge Africa appreciated by 50 kobo to trade at N10.50 per unit, Sterling Bank gained 12 kobo to quote at N1.37 per share, while PZ Cussons grew by 10 kobo to close at N4.10 per share.
At the other end, MTN Nigeria ended the trading day as the heaviest price decliner, depreciating by N1.50 to finish at N116 per share.
Guinness Nigeria depreciated by 50 kobo to close at N14 per unit, Zenith Bank dropped 40 kobo to trade at N15.70 per unit, Flour Mills decreased by 35 kobo to N18.65 per share, while Dangote Sugar reduced by 30 kobo to close at N11.70 per unit.
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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