Economy
NASD Exchange Sheds 0.19% Amid 31,322% Rise in Market Activity
By Adedapo Adesanya
The last transaction of the week at the NASD Over-the-Counter (OTC) Securities Exchange ended with a negative outlook on Friday November 8, 2019 with the key parameters pointing south.
Business Post reports that both the NASD Unlisted Security Index (NSI) and the market capitalisation closed lower on Friday after finishing flat at the previous session.
The market capitalisation dropped 0.19 percent or N970 million to settle at N504.17 billion on Friday compared with N505.14 billion it ended on Thursday, while the NSI also depreciated by 0.19 percent or 1.35 points to settle at 701.76 points in contrast to the previous day’s 703.11 points.
Despite the NASD Exchange closing bearish on Friday, the market activity significantly increased as reflected in the trading volume of the trading session, which rose by 31,322 percent to 25,078,219 units from 79,809 units.
In the same vein, the value of the transactions increased by 1,694 percent or 24.4 million to N25.8 million in contrast to N1.4 million worth of shares transacted at the preceding trading session.
However, the total number of deals executed by investors during the trading day dropped by three as a total of seven deals were recorded compared with 10 deals at the previous session.
The market had no gainers and but recorded two losers led by Niger Delta Exploration and Production (NEDP) Plc, which saw its share price drop saw from N319.85 after losing N4.85 Kobo to sell at N315 per share.
NEDP was joined by Trustbond Mortgage Bank Plc as its share price went down by 2 Kobo to close at 70 Kobo per share from 72 Kobo.
Food Concept Plc still regained the top of trades position by volume (year to date) with transactions of 1,158,828,284 units valued at N844 billion, while UBN Properties followed with 921,841,397 units worth N1.24 billion.
However, in terms of value by year-to-date, Central Securities Clearing System (CSCS) Plc still holds the top spot with 202,272,698 units worth N2.53 billion transacted from the beginning of this year till date, while UBN Properties followed with 884,529,600 units of its stocks sold for N1.2 billion.
Economy
SEC Postpones Q2 2026 Pre-registration Training, Examination for CMOs
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.
Economy
Fidson Lists Additional 600 million Shares on Stock Exchange
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.”
Economy
FG Approves Payments to 1,240 Contractors to Ease Liquidity Pressure
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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