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Economy

Bears Tear Unlisted Securities by 0.77%

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Unlisted Securities Traders

By Adedapo Adesanya

The bears visited the floor of the NASD Over-the-Counter (OTC) Securities Exchange on Wednesday, June 16 and left the exchange battered by 0.77 per cent at the close of business.

The visit was on the invitation of Central Securities Clearing Systems (CSCS) Plc, which succumbed to profit-taking, leaving its stock price to deplete by 68 kobo or 3.8 per cent to N18 per unit against N18.68 per unit it was sold on Tuesday.

The loss printed by CSCS weakened the gains posted by Nigerian Exchange (NGX) Group Plc. The share price of the company increased by 35 kobo or 1.7 per cent to sell at N20.39 per unit compared to N20.04 per unit of the previous session.

At the end of the day’s trading, the NASD Unlisted Securities Index (NSI) dropped 5.76 points from the previous index of 746.19 points to close at 751.95 points.

In the same trend, the bourse’s market capitalisation closed at N530.40 billion after investors lost N4.09 billion. At the preceding session, the total value of the unlisted securities on the exchange stood at N534.49 billion.

During the session, the total volume of shares traded by market participants reduced by 53.0 per cent to 3.1 million units from 6.5 million units published at the previous closing session.

These trades were carried out in 35 deals, 2.9 per cent higher than the 34 deals recorded previously, while the value of these transactions was N67.9 million, 47.4 per cent lower than the N129.2 million realised at the preceding session.

NGX Group continued to be the most active stock by volume (year-to-date) as it has traded 269.1 million units of its shares for N6.1 billion. Swap Technologies & Telecomms Plc was in second place with 46.6 million units worth N41.0 million while CSCS Plc held the third position with 31.1 million units of its shares worth N487.1 million.

In terms of value, NGX Group remained on top with 269.1 million units of securities were traded for N6.1 billion. Niger Delta Exploration and Production (NDEP) Plc remained in the second spot with 2.9 million units of its securities valued at N900.5 million, while FrieslandCampina WAMCO Nigeria claimed the third spot with 5.9 million units valued at 750.6 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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