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Economy

NASD OTC Securities Exchange Appreciates 0.04%

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NASD OTC securities exchange

By Adedapo Adesanya

Appreciation in the stock prices of three equities saw the NASD Over-the-Counter (OTC) Securities Exchange close 0.04 per cent northwards on Friday, January 26.

The market capitalisation rose by N490 million to close at N1.388 trillion compared with the N1.387 trillion quoted at the previous session, as the NASD Unlisted Security Index (NSI) improved by 0.36 points to end the day at 1,204.08 points as against 1,203.72 points it recorded at the previous session.

Afriland Properties Plc recorded a 34 Kobo appreciation to sell at N3.80 per share compared to the N3.46 per share it closed in the previous session, Geo-Fluids Plc chalked up 4 Kobo to trade at N2.59 per unit versus Thursday’s value of N2.55 per unit, and Acorn Petroleum Plc gained 1 Kobo to sell at 85 Kobo per share versus the preceding day’s 84 Kobo per share.

Conversely, UBN Property Plc depreciated during the trading session by 3 Kobo to close at N1.72 per unit, in contrast to the preceding day’s N1.75 per unit.

Yesterday, the volume of securities traded at the bourse went down by 44.5 per cent to 505,353 units from the 910,594 units transacted by market participants a day earlier, the value of securities nosedived by 81.9 per cent to N3.1 million from N17.3 million, while the number of deals increased by 9.5 per cent to 23 deals from the 21 deals executed in the preceding trading session.

IPWA Plc remained the most traded stock by volume on a year-to-date basis with 48.9 million units worth N24.4 million, Geo-Fluids was in second place with 30.1 million units valued at N73.6 million and UBN Property Plc stood in third place with 29.9 million units transacted for N52.3 million.

Aradel Plc was the most traded stock by value on a year-to-date basis with 347,435 units valued at N447.5 million, FrieslandCampina Wamco Nigeria Plc followed with 2.2 million units worth N169.8 million, and Geo-Fluids Plc was in third place with 30.1 million units sold for N73.6 million.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Economy

SEC Postpones Q2 2026 Pre-registration Training, Examination for CMOs

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capital market operators

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.

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Economy

Fidson Lists Additional 600 million Shares on Stock Exchange

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fidson

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.”

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Economy

FG Approves Payments to 1,240 Contractors to Ease Liquidity Pressure

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FG contractors protest

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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