Economy
Profit-Taking Persists on Nigerian Exchange
By Dipo Olowookere
Investors maintained their stance to sell off their shares on the floor of the Nigerian Exchange (NGX) Limited on Monday, causing the bourse to further deplete by 0.05 per cent.
FTN Cocoa recorded the heaviest loss after its value went down by 9.09 per cent to 30 Kobo, with Lasaco Assurance following with a decline of 8.65 per cent to 95 Kobo. Coronation Insurance fell by 7.32 per cent to 38 Kobo, Ecobank shed 5.66 per cent to trade at N10.00, while NGX Group depreciated by 4.62 per cent to N19.60.
Business Post reports that the exchange finished the first trading session of the week with 19 price decliners, while the number of advancers was just nine led by Courteville, which improved its value by 9.09 per cent to 48 Kobo.
Honeywell Flour appreciated by 8.68 per cent to N2.63, Mutual Benefits gained 8.00 per cent to trade at 27 Kobo, NEM Insurance increased by 4.71 per cent to N4.00, while Champion Breweries grew by 2.90 per cent to N3.90.
During the session, Mutual Benefits was the busiest as it sold 18.4 million stocks valued at N5.0 million, Transcorp traded 9.2 million shares for N9.7 million, GTCO exchanged 8.6 million equities valued at N173.7 million, Sterling Bank transacted 7.9 million stocks for N11.9 million, while Access Holdings traded 7.9 million equities valued at N65.4 million.
At the close of transactions, a total of 122.7 million shares worth N1.3 million were traded in 3,915 deals compared with the 132.2 million shares worth N1.6 billion transacted in 3,045 deals at the preceding session, indicating an increase in the number of deals by 28.57 per cent and a decline in the trading volume and value by 7.18 per cent and 19.97 per cent respectively.
The consumer goods and the industrial goods sectors appreciated yesterday by 0.07 per cent and 0.02 per cent apiece, while the banking, insurance and energy counters lost 0.69 per cent, 0.11 per cent and 0.07 per cent respectively.
As a result, the All-Share Index (ASI) declined by 25.95 points to 49,344.67 points from 49,370.62 points, while the market capitalisation fell by N14 billion to N26.615 trillion from N26.629 trillion.
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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