Economy
Profit-Takers Collapse Nigerian Stocks by 0.03%
By Dipo Olowookere
Nigerian stocks lost 0.03 per cent on Wednesday on a day the local bourse was celebrating its 60 years of operations.
The Nigerian Exchange (NGX) marked its commencement of operations three decades ago (on August 25, 1961) but the bears chose the day to show up, relegating the bulls to the background.
Profit-taking in some large-cap equities contributed to the marginal collapse of the exchange at the midweek session, causing the All-Share Index (ASI) to close lower by 10.86 points to 39,449.82 points from 39,460.68 points and weakening the market capitalisation by N6 billion to N20.554 trillion from N20.560 trillion.
Business Post reports that almost all the sectors of the market recorded the lukewarm performance yesterday as only the industrial goods sector closed flat.
The insurance sector lost 0.53 per cent, the consumer goods counter depreciated by 0.14 per cent, the banking space went down by 0.12 per cent, while the energy index declined by 0.10 per cent.
The market witnessed 19 price losers led by Academy Press, which lost 9.76 per cent to trade at 37 kobo, Pharma Deko depreciated by 9.52 per cent to N1.71, Mutual Benefits Assurance dropped 8.57 per cent to 32 kobo, ABC Transport lost 7.69 per cent to sell for 36 kobo, while Unity Bank depreciated by 6.67 per cent to 56 kobo.
There were 17 price gainers at the close of transactions on Wednesday and they were led by Capital Hotel and Eterna, which grew by 10.00 per cent each to close at N3.19 and N6.82 respectively.
Morison Industries appreciated by 9.74 per cent to trade at N1.69, Transcorp Hotels rose by 9.30 per cent to N4.70, while UPDC improved by 9.22 per cent to quote at N1.54.
As for the activity chart, it was mixed yesterday as the number of deals remained unchanged at 3,881 trades, the trading volume increased by 0.77 per cent to 198.3 million units from 196.8 million units, while the trading value decreased by 27.33 per cent to N1.1 billion from N1.5 billion.
Sovereign Trust Insurance closed as the most traded stock on Wednesday with 48.4 million shares valued at N11.2 million and was trailed by Mutual Benefits with 27.1 million shares worth N8.7 million.
Jaiz Bank traded 10.9 million stocks worth N6.8 million, Regency Alliance transacted 9.0 million equities valued at N3.9 million, while Transcorp exchanged 6.9 million shares for N6.6 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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