Economy
Nigerian Stock Market’s Benchmark Index Falls to 119,995.76 Points
By Dipo Olowookere
The major performance indicator of the domestic stock market weakened by 0.65 per cent on Friday on the back of a sustained profit-taking by investors.
According to data obtained by Business Post from the Nigerian Exchange (NGX) Limited, only the consumer goods index closed bullish, by 0.17 per cent, and it could not sway the pointer to the green territory.
The industrial goods sector depleted by 3.64 per cent, the energy industry slipped by 1.00 per cent, the banking counter depreciated by 0.77 per cent, and the insurance space crumbled by 0.60 per cent, while the commodity sector closed flat.
At the close of business, the All-Share Index (ASI) was trimmed by 783.29 points to 119,995.76 points from 120,779.05 points and the market capitalisation shrank by N496 billion to N75.962 trillion from N76.458 trillion.
It was observed that the level of activity was lower yesterday, with the trading volume, value, and number of deals declining by 29.92 per cent, 29.67 per cent, and 14.09 per cent, respectively.
A total of 625.8 million units of shares valued at N12.8 billion exchanged hands in 21,800 deals on Friday compared with the 893.0 million units of shares worth N18.2 billion traded in 25,375 deals on Thursday.
Japaul topped the activity chart after the sale of 88.3 million units worth N192.0 million, Ellah Lakes transacted 80.0 million units valued at N555.8 million, Access Holdings exchanged 56.0 million units for N1.3 billion, Caverton traded 54.0 million units valued at N271.2 million, and Zenith Bank sold 30.6 million units worth N1.8 billion,
The for second straigth trading session, investor sentiment was weak yesterday, with 27 price gainers and 32 price losers, representing a negative market breadth index.
Legend Internet lost 9.98 per cent to finish at N8.03, BUA Cement depreciated by 9.92 per cent to N95.40, FTN Cocoa closed lower by 9.76 per cent to N3.33, Oando shed 8.72 per cent to N56.50, and McNichols declined by 8.44 per cent to N2.17.
On the flip side, Neimeth gained 10.00 per cent to close at N5.94, Learn Africa appreciated by 9.91 per cent to N5.10, MeCure increased by 9.91 per cent to N12.20, Academy Press leapt by 9.44 per cent to N5.10, and Smart Products Nigeria expanded by 0.90 per cent to 60 Kobo.
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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