Economy
Investors Gain N394bn as Hunt for Fundamentally Strong Stocks Persists
By Dipo Olowookere
The bargain-hunting for fundamentally strong stocks on the floor of the Nigerian Exchange (NGX) Limited expanded investors’ portfolios by 1.10 per cent on Tuesday.
This was because the market capitalisation of Customs Street grew by N394 billion to N35.933 trillion from N35.539 trillion at the close of transactions, as the All-Share Index (ASI) increased by 720.53 points to 65,988.81 points from 65,268.28 points.
The growth printed by the local bourse came despite the Central Bank of Nigeria (CBN) not announcing its rate decision before the close of business like in the past.
The CBN announced the outcome of its two-day Monetary Policy Committee (MPC) meeting yesterday some minutes past 5 pm.
The interest rate was raised by 0.25 per cent to 18.75 per cent. Investors will have to react to this development in the market today.
The domestic stock market was able to maintain its upright posture due to buying pressure on the energy and banking sectors, which grew by 3.25 per cent and 0.45 per cent apiece, offsetting the losses printed by the others.
The industrial goods counter depreciated by 0.14 per cent, the insurance sector went down by 0.06 per cent, and the consumer goods space declined by 0.02 per cent.
Unlike the preceding trading day, investor sentiment was bullish on Tuesday as the bourse ended with 32 appreciating stocks and 30 depreciating stocks, indicating a positive market breadth.
Ikeja Hotel and FTN Cocoa topped the gainers’ log after they grew by 10.00 per cent each to settle at N2.97 and N2.42, respectively, as Seplat gained 9.99 per cent to trade at N1,539.70, SAHCO rose by 9.83 per cent to N19.55, and Japaul increased by 9.78 per cent to N1.01.
On the flip side, Conoil and Learn Africa fell by 10.00 per cent each to N101.25 and N3.69 apiece. John Holt declined by 9.96 per cent to N2.44, Multiverse depleted by 9.88 per cent to N3.01, and Thomas Wyatt slipped by 8.45 per cent to N1.30.
Business Post reports that traders transacted 553.5 million shares valued at N7.4 billion in 8,313 deals yesterday compared with the 831.5 million shares worth N12.9 billion traded in 9,768 deals on Monday, representing a decline in the trading volume, value, and the number of deals by 33.43 per cent, 42.64 per cent, and 14.90 per cent apiece.
This decline in the activity level was largely due to cautious trading as investors awaited the outcome of the MPC meeting, which did not come on time.
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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