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Economy

NASD Exchange Posts 2.04% Growth Amid Decline in Trading Volume

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NASD Exchange bullish

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange moved up by 2.04 percent into the positive zone at the wrap of trading activities on Monday, March 9, 2020.

This was despite poor performance recorded by Central Securities Clearing System (CSCS) Plc, which was the only stock that had a price movement at the bourse. The security went down by 13 kobo from N12 per share to N11.87 per share.

However, its loss did not stop the NASD Unlisted Security Index (NSI) from moving up by 2.04 percent or 14.14 points to 706.93 points from 692.79 point published last Friday.

It also could not block the way of the market capitalisation, which advanced by N10.2 billion or 2.04 percent to N508.25 billion from N498.09 billion it finished at the previous session.

But the activity level reduced yesterday, with the total volume of trades down by 98 percent or 108.2 million units to 2.6 million units of securities from the 110.8 million units achieved last Friday.

In the same vein, the value of shares transacted by traders dropped at the Monday’s session by 73 percent or N121.8 million to N44.6 million from N166.4 million at the previous trading day.

However, the total number of deals executed improved during the session by 85 percent or 11 deals as a total of 24 deals were achieved compared with 13 deals of last Friday.

Out of the total 24 deals, the day’s only loser carried out the highest, 16 deals. It was followed by FrieslandCampina WAMCO Nigeria and Niger Delta Exploration and Production (NDEP) Plc, which executed three deals each, while Afriland Plc and Nipco Plc executed one deal each.

ARM Life Plc remained as the most active stock by value (year-to-date) with 7.4 billion units worth N4.6 billion. Food Concept Plc followed on the list with 110 million units of its stocks sold for N77 million, while CSCS Plc has transacted 14.9 million units worth N171.7 million.

As the most active stock by volume (year to date), ARM Life Plc topped the chart with 7.4 billion units valued at N4.6 billion. NDEP Plc followed on the log with 5.9 million units worth N1.9 billion, while FrieslandCampina WAMCO Nigeria Plc has traded 1.7 million units valued at N210.3 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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