Economy
Nigerian OTC Securities Exchange Rises 0.54%
By Adedapo Adesanya
On Monday, the NASD Over-the-Counter (OTC) Securities Exchange closed higher by 0.54 per cent on the back of renewed confidence of investors in the space.
This increased the value of the Nigerian OTC securities exchange by N5.02 billion at the close of transactions to N933.98 billion from the N928.96 billion it quoted at the previous session, which was last Friday.
Similarly, the NASD Unlisted Securities Index (NSI) appreciated by 3.82 points to end the day at 710.79 points as against the 706.97 points it recorded in the preceding trading session.
It was observed that the market breadth was flat during the session, as there were two price gainers and two price losers.
FrieslandCampina Wamco Plc added N2.40 to its value to sell at N67.40 per unit compared with the previous session’s N65.00 per cent, and Central Securities Clearing Systems (CSCS) Plc gained 20 Kobo to trade at N13.20 per unit against N13.00 per unit it previously traded.
On the flip side, NASD Plc dropped 44 Kobo to sell at N14.35 per share, in contrast to last Friday’s closing price of N14.79 per share, and UBN Property Plc lost 8 Kobo to close at 70 Kobo per share versus 78 Kobo per share.
Business Post reports that the volume of securities traded at the bourse by investors went down by 25.1 per cent to 15.9 million units from 21.3 million units.
However, the value of shares traded yesterday appreciated by 33.9 per cent to N27.1 million from N20.2 million, as the number of deals increased by 54.6 per cent to 17 deals from 11 deals.
Geo Fluids Plc remained the most traded stock by volume on a year-to-date basis with the sale of 40.9 million units worth N32.3 million, UBN Property Plc was second with 24.7 million units valued at N17.6 million, and NASD Plc displaced FrieslandCampina in third place after transacting 944,112 units valued at N13.6 million.
The most traded stock by value (year-to-date) was VFD Group Plc with 422,074 units worth N103.0 million, FrieslandCampina was in second place with 833,772 units worth N54.9 million, while Geo Fluids Plc was in third place with 40.9 million units valued at N32.3 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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