Economy
CSCS, AG Mortgage Bank Sink Unlisted Securities Market by 0.14%
By Adedapo Adesanya
There was a 0.14 per cent decline at NASD Over-the-Counter (OTC) Securities Exchange on Tuesday, March 11, triggered by Central Securities Clearing System (CSCS) Plc and AG Mortgage Bank Plc.
During the session, CSCS Plc lost N1.00 to trade at N22.00 per share compared with the preceding day’s N23.00 per share, and AG Mortgage Bank Plc dropped 4 Kobo to close at 48 Kobo per unit versus Monday’s closing price of 52 Kobo per unit.
Business Post reports that FrieslandCampina Wamco Nigeria Plc gained N1.22 to quote at N38.71 per unit compared with the previous session’s N37.49 per unit, and First Trust Microfinance Bank chalked up 3 Kobo to settle at 53 Kobo per share, in contrast to the 50 Kobo per share it was sold a day earlier.
When the market closed for the day, the NASD Unlisted Security Index (NSI) went down by 4.82 points to 3,387.53 points from the previous trading day’s 3,392.35 points, and the market capitalisation lost N2.78 billion to settle at N1.956 trillion compared with the preceding day’s N1.959 trillion.
The bourse was relatively quiet as investors embarked on cautious trading, with the volume of securities down by 72.6 per cent to 469,185 units from the 1.7 million units recorded on Monday and the value of securities depleting by 60.6 per cent to N10.9 million from the N27.8 million quoted at the preceding session.
However, the number number of deals increased during the trading session by 5.6 per cent to 38 deals from the 36 deals recorded in the previous day.
Impresit Bakolori Plc finished the session as the most active stock by value (year-to-date) with 533.9 million units worth N520.9 million, trailed by FrieslandCampina Wamco Nigeria Plc with 12.0 million units sold for N467.2 million, and Afriland Properties Plc with 17.2 million units valued at N352.8 million.
Similarly, Impresit Bakolori Plc was the most active stock by volume (year-to-date) with 533.9 million units sold for N520.9 million, followed by Industrial and General Insurance (IGI) Plc with 69.9 million units worth N23.7 million, and Afriland Properties Plc with 17.2 million units valued at N352.8 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.
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