Economy
Nigerian Bourse Sheds 2.31% as YtD Gain Nears Negative Territory
By Dipo Olowookere
It was another day of a bearish performance on the floor of the Nigerian Exchange (NGX) Limited on Wednesday due to a 2.31 per cent loss posted at the close of trades.
The persistent decline in the share price of Airtel Africa yesterday contributed to the downfall of the Nigerian bourse. The telco stock fell for the third straight day by 10.00 per cent to close at N1,312.20 and was trailed by MRS, whcih fell by 9.76 per cent to N12.95. Ikeja Hotel went down by 9.68 per cent to N1.12, Northern Nigerian Flour Mills declined by 9.56 per cent to N6.15, as Linkage Assurance depreciated by 8.51 per cent to 43 Kobo.
At the close of transactions, 17 stocks depreciated during the session, while 16 stocks appreciated and were led by Fidelity Bank, which grew by 9.74 per cent to N3.83. Jaiz Bank gained 7.06 per cent to close at 91 Kobo, Mutual Benefit improved by 6.90 per cent to 31 Kobo, AIICO Insurance chalked up 5.56 per cent to trade at 57 Kobo, and Oando rose by 4.55 per cent to N4.60.
Business Post reports that the industrial goods, banking, and insurance sectors gained 0.94 per cent, 0.50 per cent and 0.24 per cent, respectively, while the energy and consumer goods counters decreased by 0.80 per cent and 0.03 per cent, apiece.
At the close of business, the All-Share Index (ASI) went down by 1,048.17 points to 44,318.15 points from 45,366.32 points, and the market capitalisation was reduced by N571 billion to N24.139 trillion from N24.710 trillion.
From analysis, investors transacted 165.4 million shares worth N3.7 billion in 3,183 deals compared with the 420.3 million shares worth N3.6 billion traded in 3,486 deals on Tuesday, signifying a decline in the trading volume by 60.66 per cent, a decrease in the number of deals by 8.69 per cent, and an improvement in the trading value by 1.36 per cent.
FBN Holdings was the most active stock in the midweek session, selling 48.1 million units. GTCO traded 18.6 million shares, Sterling Bank exchanged 8.3 million stocks, Chams traded 7.7 million equities, and Zenith Bank traded 6.3 million shares.
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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