Economy
Price Depreciation in Okomu, Oando Degrades NGX Index by 0.16%
By Dipo Olowookere
The first trading session of the new week on the floor of the Nigerian Exchange (NGX) Limited ended on a negative note after a 0.16 per cent loss on Monday.
The lowering of the NGX index was majorly due to price depreciation in Okomu Oil, Oando, GTCO, MTN Nigeria, FBN Holdings and 18 other shares.
Business Post reports that Okomu Oil lost 10.00 per cent yesterday to trade at N127.80, NEM Insurance fell by 9.61 per cent to N3.01, Guinea Insurance declined by 9.09 per cent to 20 kobo, Pharma-Deko dropped 8.59 per cent to sell for N1.81, while Oando went down by 7.95 per cent to N4.75.
It was observed that the market also closed with the 23 price gainers yesterday, with Sunu Assurances rising by 10.00 per cent to settle at 33 kobo.
SCOA Nigeria grew by 9.60 per cent to N1.37, RT Briscoe appreciated by 7.14 per cent to 30 kobo, Prestige Assurance also gained 7.14 per cent to sell for 45 kobo, while Japaul rose by 5.41 per cent to 39 kobo.
Apart from the banking index, which grew by 1.14 per cent and the industrial goods sector, which closed flat, every other counter depreciated, with the energy space falling by 1.48 per cent, the insurance sector down by 0.84 per cent and the consumer goods down by 0.43 per cent.
This consequently brought down the All-Share Index (ASI) by 76.53 points to 47,203.39 points from 47,279.92 points and dropped the market capitalisation by N41 billion to N25.436 trillion from N25.477 trillion.
Despite the loss, the exchange recorded more trades, with the trading volume, value and number of deals rising by 26.49 per cent, 115.02 per cent and 30.52 per cent respectively.
A total of 285.5 million shares worth N5.1 billion exchanged hands in 5,342 deals on Monday compared with the 225.7 million shares worth N2.4 billion transacted in 4,093 deals last Friday.
A breakdown showed that GTCO finished the session as the most traded stock with the sale of 44.9 million units of its shares valued at N1.2 billion.
Transcorp traded 23.6 million shares for N27.5 million, Fidelity Bank exchanged 23.2 million stocks worth N66.4 million, Nigerian Breweries sold 18.2 million equities valued at N872.5 million, while FBN Holdings traded 13.5 million shares for N149.4 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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