Economy
NGX Drops 0.03% as Traders Trim Exposure to Nigerian Stocks
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited witnessed a pullback of 0.03 per cent on Wednesday after investors took a second look at their exposure to local equities, though as some were dumping, a few were mopping up.
According to data obtained by Business Post, traders bought and sold 566.6 million shares worth N5.4 billion during the trading session in 8,201 deals compared with the 676.7 million shares valued at N5.9 billion traded in 7,659 deals on Tuesday, implying a rise in the number of deals by 7.08 per cent and a decline in the trading volume and value by 16.27 per cent and 8.48 per cent apiece.
Oando recorded the sale of 110.0 million shares valued at N1.6 billion to top the activity chart, while Courteville transacted 66.0 million equities valued at N32.6 million. Chams exchanged 56.4 million stocks worth N81.8 million, Japaul sold 36.6 million shares for N35.3 million, and Access Holdings traded 32.5 million stocks for N563.3 million.
Investor sentiment was weak in the midweek session after the stock exchange finished with 29 price losers and 27 price gainers, representing a negative market breadth index.
Transcorp Hotels was the heaviest price decliner, as its value went down by 10.00 per cent to N45.90, Ikeja Hotel lost 9.93 per cent to end at N2.72, Secure Electronic Technology shed 7.41 per cent to close at 25 Kobo, Consolidated Hallmark Insurance crumbled by 7.41 per cent to N1.00, and GlaxoSmithKline shrank by 7.38 per cent to N11.30.
Finishing on top of the price advancer was Sunu Assurances as it rose by 10.00 per cent to 88 Kobo, Berger Paints rose by 9.91 per cent to close at N12.75, Oando appreciated by 9.77 per cent to N14.60, Chams Plc leapt by 9.77 per cent to N1.46, and MRS Oil jumped by 9.47 per cent to N104.00.
The insurance index was flat during the session, and the energy and industrial goods sectors gained 0.63 per cent and 0.02 per cent, respectively, while the banking and consumer goods counters experienced sell pressure during the trading day, losing 0.97 per cent and 0.40 per cent.
Consequently, the All-Share Index (ASI) lost 23.50 points to 68,335.72 points from 68,359.22 points, and the market capitalisation decreased by N13 billion to N37.401 trillion from N37.414 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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