Economy
NASD Market Loses 1.09% as WAMCO Share Price Drops 4.65%
By Adedapo Adesanya
The performance of the unlisted securities market in Nigeria was bearish on Wednesday on November 27, 2019, halting the two-day gaining streaks recorded since the beginning of the week.
Business Post reports that at the close of transactions at the NASD Over-the-Counter Securities Exchange yesterday, the two major market barometers were down by 1.09 percent each.
The NASD Unlisted Security Index (NSI) depreciated by 1.09 percent or 7.77 points to close at 707.31 points from 715.08 points on Tuesday, while the market capitalisation reduced by 1.09 percent or N5.58 billion to settle at N508.16 billion compared with N513.74 billion it ended the previous day.
Despite the negative performance at the midweek session, the volume of transactions printed by the market increased 12.7 percent to 476,102 units from 422,567 units, while the value of trades marginally went up by 4.7 percent to N59.4 million from N56.7 million.
However, there was a drop in the total deals executed by traders at the market on Wednesday. A total of 13 deals were executed during the session in contrast to the 23 deals executed on Tuesday, indicating a decline by 10 deals or 43.48 percent.
At the close of business yesterday, the price movement chart, on the losers’ side, had a lone candidate, Friesland Campina Wamco Plc. The share price of the company went down by N5.72k or 4.65 percent to close at N123 per share from N128.72 per share.
During Wednesday’s trading day, the most traded stock by volume (year to date) was still held by Food Concept Plc with the sale of 1,158,828,284 units of its stocks valued at N844 billion. It was still followed by UBN Properties, which has traded a total of 921,841,397 units worth N1.24 billion.
On the other hand, Central Securities Clearing System (CSCS) Plc took the top spot in terms of value by year-to-date with 202,272,698 units worth N2.53 billion transacted by investors, while UBN Properties followed on the list 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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