Economy
Local Unlisted Securities Sheds 0.69%
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange slumped by 0.69 per cent on Wednesday, September 14 as the prices of FrieslandCampina WAMCO Nigeria Plc and NASD Plc finished lower at the close of transactions.
FrieslandCampina Wamco Nigeria Plc recorded a N5.00 loss yesterday to close at N81.00 per unit compared with the previous day’s N86.00 per unit, while NASD Plc declined by N1.35 to sell at N12.70 per share versus Tuesday’s N14.05 per share.
The two pushed aside the N10.00 per cent growth reported by 11 Plc, closing at N180.00 per share in contrast to the previous day’s value of N170.00 per share.
At the close of business, the total value of local unlisted securities declined by N6.81 billion to wrap the day at N975.80 billion compared with the preceding day’s N982.61 billion, while the NASD Unlisted Securities Index (NSI) decreased by 5.18 points to settle at 741.25 points in contrast to 746.43 points.
During the session, the volume of securities traded at the bourse by investors plunged by 48.1 per cent to 137,271 units from the preceding session’s 264,249 units, while the value of shares transacted by market participants surged by 170.1 per cent to N12.3 million from N4.6 million, with the number of deals going down by 54.6 per cent to five deals from 11 deals.
AG Mortgage Bank Plc remained the most traded stock by volume (year-to-date) with 2.3 billion units worth N1.2 billion, Central Securities Clearing Systems (CSCS) Plc stood in second place with 687.5 million units worth N14.3 billion, while Food Concepts Plc was in third place with 147.8 million units valued at N128.4 million.
Also, CSCS Plc, with the sale of 687.5 million units worth N14.3 billion was the most traded stock by value (year-to-date) and was trailed by VFD Group Plc with 27.7 million units worth N7.4 billion, and FrieslandCampina WAMCO Nigeria Plc with 14.2 million units valued at N1.7 billion.
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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