Economy
Unlisted Stock Investors Lose N4.90bn in Five Days
By Dipo Olowookere
It was a bearish outcome at the NASD over-the-counter (OTC) Securities Exchange last week as the platform depreciated by 0.53 per cent week-on-week due to profit-taking.
This shrank the portfolios of unlisted stock investors in the five-day trading week by N4.90 billion as the market capitalisation of the bourse ended the week at N924.06 billion, in contrast to the preceding week’s N928.96 billion.
In the same vein, the NASD unlisted securities index (NSI) decreased in the fourth trading week of the year by 3.74 points to 703.23 points from 706.97 points.
Data obtained by Business Post showed that selling pressure on the trio of UBN Property Plc, NASD Plc, and FrieslandCampina Plc weakened the alternative stock exchange last week.
UBN Property shed 10.26 per cent to trade at 70 Kobo per unit compared with the previous week’s 78 Kobo per unit, NASD fell by 3.88 per cent to close at N62.48 per share versus the earlier week’s N65.00 per share, and FrieslandCampina lost 2.99 per cent to finish at N65.00 per unit, in contrast to the preceding week’s N67.00 per unit.
They neutralised the 19.51 per cent growth posted by Geo-Fluids Plc in the week. The share price of the company ended the trading week at 98 Kobo per share compared with the earlier week’s 82 Kobo per share.
In the third trading week of the year, the value of transactions increased by 110.05 per cent to N87.6 million from N41.7 million, the volume of trades rose by 157.12 per cent to 62.6 million securities from 24.3 million securities, and the number of deals jumped by 9.23 per cent to 61 trades from 65 trades.
The most active stock by value was Geo-Fluids with the sale of N36.5 million, followed by NASD with N23.5 million, UBN Property with N14.0 million, FrieslandCampina with N7.0 million, and Central Securities Clearing System (CSCS) Plc with N3.1 million.
On the flip side, the most traded stock by volume in the week was Geo-Fluids with the sale of 40.3 million units, UBN Property traded 20.0 million units, NASD exchanged 1.9 million units, CSCS sold 237,266 units, and FrieslandCampina traded 108,169 units.
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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