Economy
Alternative Stock Market Extends Rally by 0.47%
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange extended its positive run as it climbed 0.47 per cent on Thursday, August 3, spurred by gains from four equities.
The market capitalisation of the alternative bourse appreciated during the session by N5.23 billion to N1.125 trillion from the N1.120 trillion it closed in the preceding session.
The NASD Unlisted Securities Index (NSI) also went up by 3.78 points to wrap the session at 813.48 points compared with 809.70 points recorded in the previous session.
Niger Delta Exploration and Production (NDEP) Plc appreciated by N22.11 to sell at N366.21 per share versus Wednesday’s closing price of N344.10 per share, FrieslandCampina Wamco Nigeria Plc gained 53 Kobo to close at N76.62 per unit compared with the previous day’s N76.09 per unit, Acorn Petroleum Plc improved by 2 Kobo to trade at 24 Kobo per share versus 22 Kobo, and Industrial and General Insurance (IGI) Plc jumped by 1 Kobo to quote at 9 Kobo per unit, in contrast to the midweek’s value of 8 Kobo per unit.
The unlisted securities bourse also reported surges in the level of transactions as the trading volume, value, and number of deals all jumped at the close of business.
The volume of transacted stocks increased by 4,024.1 per cent to 1.2 million units from 29,133 units, the value of shares traded went up by 3,869.6 per cent to N15.6 million from N392,923.00, and the number of deals went north by 100 per cent to 14 deals from seven deals published on Wednesday.
Business Post reports that Central Securities Clearing System (CSCS) Plc remained the most traded stock by volume (year-to-date) with 1.1 billion units worth N21.2 billion, Geo-Fluids was in second place with 631.0 units valued at N1.1 billion, while IGI Plc was in third place with 609.3 million units worth N48.2 million.
CSCS Plc was also the most traded stock by value (year-to-date) for selling 1.1 billion units valued at N21.2 billion, trailed by VFD Group with 18.9 million units worth N4.2 billion, and FrieslandCampico Wamco Nigeria Plc was in third place with 18.4 million units valued at N1.3 billion.
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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