Economy
NASD OTC Exchange Rises 0.04% in Week 29
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed the 29th trading week of the year on a positive note with a slight growth of 0.04 per cent.
Last week, the market only operated for three days due to the public holidays for Tuesday and Wednesday for Sallah by Muslims.
In the week, the NASD Security Index (NSI) of the NASD OTC Exchange increased by 0.32 points to close at 754.43 points as against 754.11 points of the previous week.
In addition, the market capitalisation of the bourse increased by N280 million to settle at N655.73 billion compared to N655.45 billion of the preceding week.
Business Post reports that the outcome of the market was buoyed by the upward movement in the price of Central Securities and Clearing System (CSCS) Plc.
The securities depository company grew by 1.7 per cent or 30 kobo to sell at N18.50 per unit compared with the previous week’s N18.20 per unit.
In the week, two securities closed bearish, with the Nigerian Exchange (NGX) Group Plc losing 2 per cent or 35 kobo to trade at N17.13 per share versus the previous week’s N17.48 per share, while FrieslandCampina WAMCO Plc went down by 0.5 per cent or N3.40 to N120.08 per unit in contrast to N120.63 per unit it ended the prior week.
On the activity chart, there was an 88.1 per cent decrease in the total value of shares traded by investors during the week, as NASD investors traded N180.7 million securities compared to N1.5 billion securities of the earlier week.
In the same vein, the total volume of stocks transacted by the market participants went down by 69.3 per cent to 8.8 million units from 28.7 million units, while the number of deals also decreased by 54 per cent to 79 deals from 175 deals.
The most traded stock was NGX Exchange with 8.3 million units, CSCS Plc traded 270,150 units, Friesland exchanged 254,486 units, Niger Delta Exploration and Production (NDEP) Plc recorded 9,570 units, while Mixta Real Estate Plc transacted 800 units.
By value, NGX was the most active with N142.5 million, Friesland with N30.7 million, CSCS Plc with N4.8 million, NDEP Plc with N2.8 million and Mixta Real Estate Plc with N1,584.
In the year so far, the market has gained 1.7 per cent, while investors have transacted 1.5 billion units worth N12.1 billion in 3156 deals.
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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