Economy
NASD Index Rises 0.12% to 748.52 Points
By Adedapo Adesanya
It was a nice outing for investors at the unlisted securities market on Thursday as the NASD Over-the-Counter (OTC) Securities Exchange returned to the bullish zone as it climbed higher by 0.12 per cent at the close of business.
This was due to the 0.90 points gained by the NASD Unlisted Security Index (NSI) during the trading day to finish at 748.52 points compared with 747.62 points of the previous session.
A similar scenario was witnessed by the market capitalisation, which increased when the market closed for the day by N1.13 billion to N618.41 billion from N637.40 billion it closed at the midweek session.
The day’s positive outcome was triggered by NASD Plc, which posted a gain of N1.69 or 8.9 per cent to end at N19.10 per unit as against the previous day’s N17.41 per unit.
The growth recorded by NASD Plc overpowered the loss printed by FrieslandCampina WAMCO Nigeria. The milk maker lost one kobo yesterday to trade at N125 per share as against N125.01 per share it traded on Wednesday.
A look at the involvement of investors in trading activities showed that there was an improvement from the preceding day as the volume of securities traded at the bourse increased by 244.9 per cent to 411,662 units from 119,332 units traded at the last session.
Also, the value of the stocks rose by 85.5 per cent to N22.8 million from Wednesday’s N12.3 million, while the number of deals jumped by 128.6 per cent to 16 deals from seven deals.
Food Concepts Plc closed the day as the most active stock by volume (year-to-date) for trading 11.4 billion units worth N14.4 billion. Lighthouse Financial Services Plc remained in second place with 1.1 billion units traded for N546.2 million, while Geo Fluids Plc was in third place with 1.0 billion units worth N700.1 million.
In terms of value, Food Concepts Plc also led with the sale of 11.4 billion units of its securities for N14.4 billion, followed by Nigerian Exchange (NGX) Group Plc with 456.5 million units valued at N9.2 billion, and VFD Group Plc with 10.4 million units valued at N3.5 billion.
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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