Economy
Sell Pressure in Beer, Bank Stocks Bury NGX Index by 0.10%
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited sank deeper on Thursday by 0.10 per cent as investors maintained their bearish stance, preferring to book profit and then cherry-pick shares with sound fundamentals ahead of the release of half-year earnings.
Stocks in the banking, consumer goods and industrial goods sectors were mostly affected by the profit-taking yesterday, with key tickers like Access Holdings Zenith Bank, Lafarge Africa and International Breweries taking the bullets for others.
At the close of business, the consumer goods index lost 0.93 per cent, the banking and industrial goods counters depreciated by 0.02 per cent each, while the insurance space gained 0.58 per cent, with the energy landscape closing flat.
As for the All-Share Index (ASI), it went down by 51.24 points to 51,339.01 points from 51,390.25 points, while the market capitalisation declined by N28 billion to N27.685 trillion from N27.713 trillion.
Business Post reports that the bourse closed with 15 price gainers and 10 price losers on Thursday despite the bearish outcome and it was due to the fact that some investors are already mopping up shares selling at low prices with good future prospects.
Academy Press maintained its upward movement yesterday with a price appreciation of 8.70 per cent to sell for N2.25, Regency Assurance rose by 8.00 per cent to 27 Kobo, CWG improved by 7.95 per cent to 95 Kobo, Cutix chalked up 7.27 per cent to trade at N2.36, while NAHCO increased its share price by 5.00 per cent to sell for N8.40.
However, Champion Breweries lost 8.74 per cent to trade at N3.55, Ikeja Hotel fell by 7.69 per cent to N1.20, International Breweries depreciated by 5.17 per cent to N5.50, Multiverse declined by 4.76 per cent to N1.80, while UPDC REIT moderated by 4.17 per cent to N3.45.
At the market yesterday, investors traded 115.4 million shares worth N1.2 billion in 3,731 deals compared with the 198.1 million shares worth N2.2 billion transacted in 4,769 deals on Wednesday, signifying a decline in the trading volume, value and number of deals by 41.95 per cent, 44.72 per cent and 21.77 per cent respectively.
Transcorp emerged as the most active stock as it transacted 12.2 million units valued at N15.1 million, International Breweries sold 7.7 million units worth N42.8 million, FBN Holdings exchanged 7.4 million units worth N78.8 million, Zenith Bank traded 6.6 million units valued at N148.3 million, while Sterling Bank transacted 6.5 million units worth N10.0 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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