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Economy

CSCS, Afriland Lift Unlisted Securities Market by 0.14%

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Haruna Jalo-Waziri CSCS

By Adedapo Adesanya

After staying in the danger zone for two straight sessions, the NASD Over-the-Counter (OTC) Securities Exchange appreciated by 0.14 percent on Thursday.

The growth posted by the unlisted securities market was spurred by the gains achieved by two market bellwethers, Central Securities Clearing Systems (CSCS) Plc and Afriland Properties Plc.

The two advancers of the day helped the OTC market wear the green jacket after being in red on Tuesday and Wednesday.

CSCS Plc saw a price gain of 49 kobo to close at N13.50 per share in contrast to the previous day’s N13.01 per share, while Afriland Plc moved up by 16 kobo to close at N2.14 per share versus N1.98 it ended on Wednesday.

However, FrieslandCampina WAMCO Nigeria recorded a decline in its share value by N1.97 to close at N122.37 per share in contrast to N124.36 it finished at the last session.

At the close of business, the NASD unlisted securities index (NSI) increased by 1.02 points to 709.22 points from 708.82 points recorded at Wednesday’s session, while the bourse’s market capitalisation closed at N520.97 billion, N750 million higher than the previous market size of N520.22 billion.

The session saw a total unit of 71,448 shares transacted by investors, 77.4 percent lower than the previous day’s 315,967 stocks.

These came from seven deals executed during the session at the exchange on securities belonging to FrieslandCampina Plc with four deals while CSCS Plc and Afriland Properties had two deals each.

At the previous session, the value of transactions totalled N7.4 million, but Thursday’s trades saw a 81.2 percent decrease to N1.4 million.

At the session, ARM Life Plc ended Thursday’s trading day as the most traded stock by volume (year-to-date) with 7.4 billion units of its shares worth N4.6 billion. CSCS Plc was in second place with 196.8 million units traded at N2.6 billion, while Food Concept Plc maintained the third place with 115 million units traded at N80.5 million.

In terms of the value of trades (year-to-date), ARM Life Plc still retained the top position with a total of 7.4 billion units worth N4.6 billion. CSCS Plc came in second place with 196.8 million units valued at N2.6 billion, while NDEP Plc followed with 7.9 million units worth N2.4 billion.

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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