Economy
Nigerian Exchange Hits Highest Level Since 2008 Financial Crisis
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited crossed the 51,000 psychological points on Monday after gaining 1.90 per cent following a sustained buying pressure from investors.
The All-Share Index (ASI) climbed by 967.45 points to 51,902.48 points from 50,935.03 points. It was the highest point reached by the exchange since the 2008 global meltdown.
Also during the trading session, the market capitalisation, which measures the total value of stocks on the bourse, appreciated by N521 billion to settle at N27.981 trillion from 27.460 trillion.
It was observed that buying interest in consumer goods and a few others contributed to the growth achieved yesterday amid profit-taking in the financial services sector.
The consumer goods index rose by 2.15 per cent, the energy counter gained 0.47 per cent, the industrial goods sector appreciated by 0.21 per cent, while the insurance and banking counters depreciated by 1.27 per cent and 0.28 per cent respectively.
Business Post reports that the market breadth remained positive with 21 depreciating stocks and 37 appreciating stocks led by Nigerian Breweries, which gained 10.00 per cent to trade at N77.00.
Cadbury Nigeria rose by 9.96 per cent to N14.90, Royal Exchange grew by 9.90 per cent to N1.11, Champion Breweries improved by 9.88 per cent to N3.67, while International Breweries gained 9.63 per cent to sell for N7.40.
Transcorp Hotels ended the session as the worst-performing stock after its price dropped 10.00 per cent to N4.05, Guinness Nigeria fell by 9.59 per cent to N99.45, Multiverse depreciated by 9.09 per cent to 20 kobo, Coronation Insurance dropped 6.67 per cent to 42 kobo, while Sunu Assurances declined by 6.06 per cent to 31 kobo.
At the market on Monday, a total of 337.6 million shares worth N5.6 billion exchanged hands in 7,684 deals compared with the 466.3 million shares worth N5.3 billion traded in 7,442 deals last Friday, implying a decline in the trading volume by 27.60 per cent, an increase in the trading value by 4.63 per cent and growth in the number of deals by 3.25 per cent.
Transcorp recorded the highest volume of trades with a turnover of 37.8 million units worth N45.0 million, GTCO traded 24.8 million shares valued at N580.6 million, Zenith Bank exchanged 21.2 million equities worth N521.7 million, Access Holdings transacted 19.4 million stocks for N185.5 million, while FBN Holdings traded 15.9 million shares worth N190.3 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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