Economy
Nigerian Bourse Loses 0.31% as Investors Liquidate Shares
By Dipo Olowookere
Profit-taking persisted at the Nigerian Exchange (NGX) Limited on Thursday, with Customs Street going down by 0.31 per cent on its return from a midweek break.
The market closed its doors to traders on Wednesday due to the public holiday declared by the federal government to mark Eid-el Maulud, the birthday of Prophet Mohammed.
Business Post reports that market participants did not take their minds off the pressing issues affecting the Nigerian economy, especially rising inflation, energy costs and the foreign exchange (FX) crisis.
As a result, they liquidated their shares, leading to a negative market breadth as the Nigerian bourse finished with 16 price gainers and 26 price losers, indicating a weak investor sentiment.
Vitafoam lost 9.92 per cent to trade at N22.25, FTN Cocoa depreciated by 9.88 per cent to close at N1.55, Oando fell by 9.84 per cent to N8.70, John Holt dropped 9.39 per cent to quote at N1.64, and United Capital shed 7.20 per cent to end at N16.10.
On the flip side, RT Briscoe gained 9.76 per cent to close at 45 Kobo, CWG improved by 9.72 per cent to N7.90, Beta Glass chalked up 9.55 per cent to settle at N56.20, Veritas Kapital appreciated by 8.33 per cent to 26 Kobo, and Cornerstone Insurance grew by 7.88 per cent to N1.78.
During the session, the energy and the industrial goods counters remained unchanged, the insurance index gained 0.83 per cent, while the banking and the consumer goods sectors depreciated by 1.01 per cent and 0.68 per cent apiece.
Consequently, the All-Share Index (ASI) decreased by 203.54 points to 66,448.63 points from 66,652.17 points, and the market capitalisation went down by N111 billion to N36.368 trillion from the N36.479 trillion it closed on Tuesday.
The level of activity was down yesterday after the trading volume, value and the number of deals depreciated by 24.78 per cent, 24.44 per cent, and 2.74 per cent, respectively.
A total of 273.8 million stocks worth N3.4 billion were traded in 6,826 deals on Thursday versus the 364.0 million stocks worth N4.5 billion traded in 7,018 deals on Tuesday.
Access Holdings finished at the most active equity after it traded 45.9 million units valued at N710.6 million, Zenith Bank sold 21.1 million units for N657.2 million, Unity Bank transacted 19.7 million units for N19.2 million, UBA traded 17.3 million units worth N279.3 million, and Transcorp transacted 15.7 million units valued at N93.9 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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