Economy
NASD Exchange Further Gains 0.11%
By Adedapo Adesanya
The bulls remained on the floor of the NASD Over-the-Counter (OTC) Securities Exchange on Tuesday following a further 0.11 per cent gain posted at the close of transactions.
This was buoyed by the increase in the share prices of market bellwethers, Friesland Campina WAMCO Nigeria Plc and NASD Plc.
Friesland appreciated during the session by N2.74 or 2.1 per cent to close at N127.74 per share as against N127.00 per share of the last session while NASD Plc recorded a 36 kobo or 2.7 per cent increase to settle at N13.56 per unit versus Monday’s value of N13.20 per unit.
As a result, the NASD unlisted securities index (NSI) moved higher by 0.77 points to 725.67 points from 724.90 points, while the market capitalisation grew by N1.02 billion to wrap the day at N954.17 billion in contrast to N953.15 billion of the preceding trading day.
According to data from the NASD exchange, the unlisted securities market recorded a price loser yesterday and this was Niger Delta Exploration and Production (NDEP) Plc, which fell by N10 or 5.9 per cent to trade at N170.00 per share compared with the previous closing price of N180.00 per share.
Business Post reports that the trading volume rose on Tuesday by 5.4 per cent to 663,049 units of shares from the 629,350 units of shares transacted on Monday, but the trading value went south by 13.2 per cent to N44.9 million from N51.8 million, while the number of deals witnessed a 30.8 per cent jump to 17 deals from the 13 deals achieved a day earlier.
AG Mortgage Plc remained the most traded stock by volume on a year-to-date basis with 2.3 billion units valued at N1.2 billion, followed by Central Securities Clearing System (CSCS) Plc with 658.9 million units worth N13.8 billion, and NASD Plc with 42.6 million units valued at N456.1 million.
However, the most traded stock by value on a year-to-date basis was CSCS Plc with 658.9 million units exchanged at N13.8 billion, AG Mortgage Plc was in second place with 2.3 billion units worth N1.2 billion, while NASD Plc was in third place with 42.6 million units valued at N456.1 million.
Economy
SEC Postpones Q2 2026 Pre-registration Training, Examination for CMOs
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.
Economy
Fidson Lists Additional 600 million Shares on Stock Exchange
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.”
Economy
FG Approves Payments to 1,240 Contractors to Ease Liquidity Pressure
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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