Economy
Unlisted Securities Market Opens March With 0.77% Loss
By Adedapo Adesanya
The first trading session of the new month of March 2021 closed on a negative note on the floor of the NASD over-he-counter Securities Exchange on Monday, March 1.
The unlisted securities market was down by 0.77 per cent yesterday as investors continue to watch happenings in the country and the market from the sidelines before taking any action.
The recent news that one of the big boys on the Nigerian Stock Exchange (NSE), 11 Plc (formerly Mobil Oil Nigeria) was planning to join the NASD could not sway investors at the market during and things still remained bearish like in the past session despite a positive movement in the price of a stock on the exchange.
Business Post reports that the share price of FrieslandCampina WAMCO Nigeria Plc closed higher by 85 kobo or 0.7 per cent from N119.43 per unit to N120.28 per unit.
Despite this, the market capitalisation of the NASD OTC Exchange suffered a N3.28 billion loss to close at N508.26 billion compared to N512.24 billion it ended last Friday.
For the NASD Unlisted Security Index (NSI), it went down by 5.52 points to close at 708.39 points as against 713.91 points of the previous trading session.
On the activity chart, the volume of securities exchanged at the bourse surged by 8,863 per cent as investors traded a total of 378,275 units as against 4,220 units traded a day before.
Also, the value of transactions skyrocketed by 13,576.46 per cent as all traded securities amounted to N43.9 million compared to N321, 600 on record last Friday.
In the same pattern, there was an improvement in the number of deals traded on Monday by 50 per cent as nine deals were executed at the Exchange against the six deals published at the preceding session.
Eight of these deals were executed on FrieslandCampina, while the remaining one deal was carried out on Central Securities Clearing Systems (CSCS) Plc.
The most active stock at the close of business at the NASD by volume (year to date) was still UBN Property Plc with 15.5 million units valued at N16.8 billion. CSCS Plc was in second place with 4.7 million units worth N73.5 million, while FrieslandCampina WAMCO Nigeria Plc held the third position with 2.7 million units worth N328.8 million.
But by value (year-to-date) FrieslandCampina WAMCO was the most traded stock with 2.7 million units valued at N328.8 million, Niger Delta Exploration and Production (NDEP) Plc trailed with 604,249 units worth N196 million, while CSCS Plc has traded 4.7 million units worth N73.5 million.
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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