Economy
NBS Inflation Data Tumbles Nigerian Exchange by 0.02%
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited reacted negatively to inflation data released on Tuesday by the National Bureau of Statistics (NBS) as it tumbled by 0.02 per cent at the close of business.
The stats office said inflation further increased by 21.09 per cent in October compared with the 20.77 per cent reported in the preceding month as a result of a sustained rise in the prices of goods and services in the country.
This information did not go down well with stock investors, who trimmed their exposure to the investment tool, causing the market to bleed yesterday.
Shares of Lafarge Africa were the worst hit during the session as they fell by 9.66 per cent to N20.10 per unit. Royal Exchange dropped 9.41 per cent to trade at 77 Kobo, Cornerstone Insurance declined by 9.09 per cent to 40 Kobo, UPDC REIT lost 8.93 per cent to sell for N2.55, and FTN Cocoa went down by 8.82 per cent to 31 Kobo.
On the flip side, Learn Africa and CWG topped the gainers’ log on Tuesday after their prices rose by 10.00 per cent each to N1.65 and 88 Kobo, respectively. Caverton improved by 8.75 per cent to 87 Kobo, Prestige Assurance jumped by 8.33 per cent to 39 Kobo, and Japaul garnered 7.41 per cent to 29 Kobo.
Business Post reports that the insurance and industrial goods sectors depreciated by 1.10 per cent and 0.65 per cent apiece, while the consumer goods, energy and banking counters appreciated by 0.38 per cent, 0.30 per cent, and 0.24 per cent, respectively.
At the close of business, the All-Share Index (ASI) shrank by 9.87 points to 43,808.25 points from 43,818.12 points, and the market capitalisation retreated by N6 billion to close at N23.861 trillion versus Monday’s N23.867 trillion.
At the market yesterday, investors transacted 103.5 million shares worth N1.2 billion in 3,045 deals compared with the 187.1 million shares worth N2.5 billion traded in 3,326 deals, indicating a decline in the trading volume, value and number of deals by 44.70 per cent, 53.20 per cent, and 8.45 per cent, respectively.
FBN Holdings topped the activity chart as it traded 11.4 million shares, Transcorp exchanged 11.3 million equities, Fidelity Bank transacted 10.3 million stocks, Access Holdings sold 8.7 million equities, and GTCO transacted 6.0 million stocks.
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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