Economy
Meyer Closes as Best-Performing Stock as Market Rebounds 0.19%
By Dipo Olowookere
Transactions on the floor of the Nigerian Exchange (NGX) Limited closed on a positive note on Tuesday with the bourse appreciating by 0.19 per cent to reverse the loss of the preceding session.
The growth was boosted by renewed bargain hunting, though the investor sentiment remained weak as the market breadth ended bearish with 20 price losers and 18 price gainers.
Meyer finished the session as the best-performing stock with a price appreciation of 8.86 per cent to 86 kobo, followed by Regency Assurance, which grew by 7.14 per cent to 30 kobo.
FTN Cocoa rose by 6.45 per cent to 33 kobo, Cutix appreciated by 5.85 per cent to sell for N2.17, while Caverton improved its equity value by 5.56 per cent to N1.33.
On the flip side, NPF Microfinance Bank ended the day as the worst-performing stock, losing 9.64 per cent to close at N2.25 and was trailed by Learn Africa, which dropped 9.14 per cent to N1.69.
In addition, Multiverse depreciated by 8.70 per cent to quote at 21 kobo, RT Briscoe went down by 6.67 per cent to 56 kobo, while NASCON declined by 5.43 per cent to N12.20.
At the bourse yesterday, Fidelity Bank recorded the highest trading volume, selling 67.4 million shares valued at N230.6 million and was followed by Transcorp, which sold 40.9 million stocks worth N41.4 million.
Coronation Insurance transacted 18.3 million equities worth N7.4 million, GTCO exchanged 15.3 million shares for N341.2 million, while Access Holdings traded 14.5 million stocks for N141.3 million.
From the analysis of the trading data, investors transacted a total of 257.4 million equities worth N2.3 billion in 4,410 deals as against the 219.5 million equities worth N1.9 billion transacted in 5,168 deals on Monday.
This showed that the volume of trades increased by 17.28 per cent, the value of transactions went up by 21.32 per cent, and the number of deals depreciated by 14.67 per cent.
Business Post reports that the banking and energy sectors appreciated during the session by 1.73 per cent and 1.42 per cent apiece, while the insurance, consumer goods and industrial goods counters depreciated by 0.93 per cent, 0.16 per cent and 0.05 per cent respectively.
As for the All-Share Index (ASI), it increased at the close of business by 89.52 points to 46,777.37 points from 46,687.85 points, while the market capitalisation expanded by N48 billion to N25.218 trillion from N25.170 trillion.
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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