Economy
Again, Nigeria’s OTC Securities Exchange Closes Below N2trn
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.33 per cent loss on Friday, August 9, triggering a return of the bourse below the N2 trillion mark.
Data showed that the value of Nigeria’s OTC securities exchange shrank by N6.6 billion to wrap the final session of the week at N1.995 trillion, in contrast to the N2.002 trillion it ended a day earlier.
Also, the NASD Unlisted Security Index (NSI) dropped 4.82 points during the trading session to settle at 1,456.53 points compared with the 1,461.35 points it finished in the previous session.
Investors exchanged stocks totalling 2.9 million units, which is 11.9 per cent lower than the 3.3 million units traded in the preceding session.
However, the value of the securities bought and sold by the market participants increased by 27.9 per cent to N1.03 billion from the N802.5 million recorded in the previous trading day.
In the same vein, the number of deals carried out on Friday went up by 33.3 per cent to 64 deals from the 48 deals executed in the preceding trading session.
The market posted two price gained and two price losers led by FrieslandCampina Wamco Nigeria Plc, which lost N5.00 to sell at N45.00 per unit versus N50.00 per unit of the prevous day, and Aradel Holdings Plc slipped by N3.8 to N4,603.62 per share from N4,607.45 per share.
Conversely, Afriland Properties Plc appreciated by N1.45 to end the session at N15.95 per unit versus Thursday’s N14.50 per unit, and Central Securities Clearing System (CSCS) Plc soared by 40 Kobo to end at N18.50 per share versus N18.10 per share.
Aradel Holdings Plc was the most traded stock by value (year-to-date) after transacting 9.2 million units valued at N29.8 billion, followed by Afriland Properties Plc with 230.5 million units sold for N4.1 billion, and CSCS Plc with 105.5 million units sold for N2.5 billion.
Capital Hotels Plc closed the day as the most traded stock by volume (year-to-date) with 259.6 million worth N1.3 billion, trailed by Afriland Properties Plc with 230.5 million units sold for N4.1 billion, and Industrial and General Insurance (IGI) Plc with 218.8 million units valued at N46.1 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.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn