Economy
FrieslandCampina Weakens NASD OTC Exchange by 0.32%
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange slumped by 0.32 per cent on Monday, November 6, affected by a decline in the price of FrieslandCampina Wamco Nigeria.
The maker of the popular Peak Milk lost N1.94 during the trading session to settle at N75.91 per share, in contrast to the preceding session’s price of N77.85 per share.
As a result, the market capitalisation of the alternative stock exchange depreciated during the session by N3.58 billion to N1.125 trillion from N1.129 trillion it closed in the preceding session, as the NASD Unlisted Security Index (NSI) went down by 2.65 points to wrap the session at 830.43 points compared with 833.08 points recorded in the previous session.
Business Post reports that yesterday, the NASD bourse witnessed a price gainer, Central Securities Clearing System (CSCS) Plc, which gained 4 Kobo to sell at N20.04 per share, in contrast to last Friday’s closing price of N20.00 per share.
A look at the activity chart of the unlisted securities bourse showed an improvement from the last trading session, as the trading volume, value, and the number of deals surged at the close of business.
The volume of transacted stocks increased by 142.5 per cent to 432,399 units from 178,311 units, the value of shares traded also went up by 10.9 per cent to N27.7 million from N25.8 million, and the number of deals went up by 109.9 per cent to 23 deals from 11 deals.
CSCS Plc remained the most traded stock by volume on a year-to-date basis with 1.2 billion units worth N22.3 billion, UBN Property Plc was in second place with 1.1 billion units valued at N1.1 billion, and Geo-Fluids Plc stood in third place with 701.9 units worth N1.3 billion.
Similarly, CSCS Plc ended the trading session as the most traded stock by value on a year-to-date basis with 1.2 billion units worth N22.3 billion, VFD Group retained the second spot with 26.6 million units valued at N5.9 billion, and Aradel Holdings Plc was in third place with 7.6 million units worth N3.0 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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