Economy
NGX Trading Indices Rebound on Positive Investor Sentiment
The key trading indices of the Nigerian Exchange (NGX) Limited closed higher by 0.08 per cent on Friday on the back of renewed bargain hunting as investors begin to have confidence in the market.
Business Post reports that the insurance, energy and consumer goods sectors appreciated yesterday by 1.04 per cent, 0.32 per cent and 0.04 per cent respectively, while the banking and industrial goods counters went down by 0.34 per cent and 0.13 per cent apiece.
When the trading activities were round up for the day, the All-Share Index (ASI) improved by 32.56 points to 38,943.87 points from 38,911.31 points, while the market capitalisation increased by N17 billion to N20.290 trillion from N20.273 trillion.
Investor sentiment was positive yesterday as there were nine price losers and 18 price gainers led Consolidated Hallmark Insurance, which appreciated by 8.33 per cent to 52 kobo.
Regency Alliance improved by 7.14 per cent to 45 kobo, Prestige Assurance rose by 6.82 per cent to sell for 47 kobo, United Capital gained 6.59 per cent to trade at N8.90, while Sovereign Trust Insurance went up by 4.00 per cent to 26 kobo.
On the reverse side, Ikeja Hotel emerged as the worst-performing stock with a loss of 6.56 per cent to close at N1.14, followed by Okomu Oil, which fell by 6.00 per cent to N104.00.
In addition, Unity Bank depreciated by 3.51 per cent to quote at 55 kobo, Courtville went down by 3.33 per cent to 29 kobo, while Lafarge Africa declined by 2.27 per cent to N21.50.
At the market yesterday, investors traded 155.1 million stocks worth N2.0 billion in 2,906 deals in contrast to the 130.2 million stocks worth N1.4 billion transacted in 2,962 deals on Thursday.
This showed that the trading volume went up by 19.12 per cent, the trading value increased by 42.86 per cent, while the number of deals depreciated by 1.89 per cent.
Universal Insurance ended the last trading session of the week as the most traded stock with the sale of 19.1 million units valued at N3.8 million, trailed by UBA with 11.1 million units valued at N84.1 million.
Also, Lafarge Africa sold 10.2 million shares for N220.2 million, Zenith Bank transacted 10.0 million equities worth N235.6 million, while United Capital exchanged 9.8 million stocks for N84.9 million.
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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