Economy
Nigerian Exchange Down 0.10% as Cadbury, FBN Holdings, Others Fall
By Dipo Olowookere
It was another bearish performance for the Nigerian Exchange (NGX) Limited on Friday as it further shed 0.10 per cent when the closing gong was hit by 2:30 pm.
Sustained profit-taking in the banking and consumer goods sector contributed to the market’s downfall in the week’s last trading session.
An analysis of the sectorial performance showed that the 0.31 per cent growth posted by the insurance counter could not salvage the situation as the banking index dropped 0.23 per cent, and the consumer goods sector depreciated by 0.03 per cent, while the energy and the industrial goods sectors closed flat.
Consequently, the All-Share Index (ASI) moderated by 50.64 points to 51,893.94 points from 51,944.58 points, and the market capitalisation, which measures the value of the bourse, dwindled by N28 billion to N28.268 trillion from N28.296 trillion.
Business Post reports that the volume of transactions improved during the session by 78.94 per cent due to the 542.0 million shares traded compared with the 302.9 million transacted in the preceding day.
Also, the value of trades increased yesterday by 20.00 per cent as a result of the N2.4 billion worth of shares bought and sold by investors as against the N2.0 billion shares exchanged on Thursday.
Equally, the number of deals executed on Friday marginally went up by 0.61 per cent to 3,766 deals from the 3,743 deals achieved a day earlier.
An off-market deal involving Chams supported its closure as the busiest stock on Friday as it ended with 293.1 million units, followed by UBA with the sale of 94.1 million. Fidelity Bank traded 43.2 million shares, Zenith Bank transacted 18.2 million stocks, and Sterling Holdings sold 13.3 million equities.
Investor sentiment remained weak as the market breadth was negative, with 12 appreciating stocks and 19 depreciating equities led by Cadbury Nigeria, which lost 9.73 per cent to end at N10.20.
Coronation Insurance fell by 9.52 per cent to 38 Kobo, RT Briscoe declined by 8.33 per cent to 22 Kobo, Wema Bank went down by 5.00 per cent to N3.80, and FBN Holdings shrank by 4.13 per cent to N10.45.
On the flip side, Multiverse closed the day as the best-performing stock after it gained 9.96 per cent to sell at N2.54, Transcorp rose by 9.74 per cent to N1.69, Royal Exchange Insurance grew by 8.93 per cent to 61 Kobo, FTN Cocoa inflated by 8.00 per cent to 27 Kobo, and Ikeja Hotel jumped by 7.41 per cent to N1.16.
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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