Economy
Investors Lose N5.43bn as NASD Index Sheds 0.99%
By Adedapo Adesanya
The bears took over proceedings on the first trading day of the new week at the NASD Over-the-Counter (OTC) Securities Exchange on Monday.
The unlisted securities market went down by 0.99 per cent yesterday, causing the portfolios of investors to deplete by N5.43 billion at the close of business.
The decline suffered by unlisted stocks in Nigeria was caused by the poor performance of three companies admitted on the NASD Exchange.
These three securities were Nigerian Exchange (NGX) Group Plc, FrieslandCampina WAMCO Nigeria Plc and Central Securities Clearing Systems (CSCS) Plc.
Friesland lost N2.95 or 2.3 per cent to close at N130.93 per unit as against the previous N138.88 per unit, NGX Group depreciated by 50 kobo or 2.5 per cent to close at N22.85 per share compared with the previous N23.42 per share, while CSCS Plc lost 51 kobo or 2.9 per cent to end the session at N17.09 per unit compared to N17.60 per unit of the preceding session.
The losses printed by these firms reduced the market capitalisation of the exchange to N544.31 billion from N549.74 billion and weakened the NASD Unlisted Security Index (NSI) by 7.63 points to 765.76 points from 773.39 points.
At the market yesterday, the trading volume increased by 154.6 per cent to 7.7 million units from 3.0 million units published last Friday.
In the same pattern, the trading value went up by 157.4 per cent to N187.1 million from N72.7 million, while the number of deals increased by 88 per cent to 37 deals from 34 deals.
NGX Group accounted for 17 deals, Friesland contributed 11 deals, CSCS Plc recorded eight deals each, while Lighthouse Financial Services Plc executed one deal.
When trading activities were rounded up for the day, NGX Group was still the most active by volume (year-to-date) with 226.1 million units worth N5.1 billion. Swap Technologies and Telecomms Plc trailed with 46.0 million units worth N41.0 million, while CSCS Plc held the third position with 27.6 million units worth N425.5 million.
Also, NGX Group was the most active stock by value (year-to-date) with 226.1 million units of its securities valued at N5.1 billion, followed by Niger Delta Exploration and Production (NDEP) Plc with 2.5 million units valued at N763.8 million and Friesland with 4.7 million units valued at N588.2 million.
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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