Economy
CSCS Lifts NASD OTC Bourse by 0.07% to Positive Territory
By Adedapo Adesanya
Central Securities Clearing System (CSCS) Plc championed the return of the NASD Over-the-Counter (OTC) Securities Exchange into bullish territory as the exchange closed 0.07 per cent higher on Tuesday, March 29.
The performance in the stock price of the security depository company expanded the market capitalisation of the bourse by N660 million to N951.46 billion from the N950.80 billion it quoted at the previous session.
The bourse had recorded a significant swell at the previous session as Access Bank listed its securities on the platform following its foray into a holding company.
At the close of transactions, the NASD Unlisted Securities Index (NSI) added 0.49 basis points to end the day at 723.61 points as against the 723.12 points it recorded on Monday.
Business Post reports that CSCS Plc made a 23 kobo or 1.3 per cent appreciation to sell at N17.23 per unit compared to N17.00 per unit of the previous session.
However, there was a price decliner yesterday and this was Friesland Campina Wamco Nigeria Plc, which lost 50 kobo to end at N124.00 per share in contrast to the preceding session’s N124.50 per share.
A total of 62,000 units of securities were traded at the unlisted securities market on Tuesday, 98.2 per cent lower than the 3.5 million units of securities transacted by market participants a day earlier.
In the same pattern, there was a fall in the value of shares traded by 80.6 per cent to N4.4 million from N22.4 million, while the number of deals declined by 37.5 per cent to five deals from eight deals.
AG Mortgage Plc remained as the most traded stock by volume (year-to-date) with 2.3 billion units valued at N1.2 billion, followed by CSCS Plc with 658.8 million units valued at N13.8 billion and NASD Plc with 41.7 million units valued at N444.4 million.
But CSCS Plc retained its position as the most traded stock by value (year-to-date) with 658.8 million units exchanged at N13.8 billion, followed by AG Mortgage Plc with 2.3 billion units worth N1.2 billion, and NASD Plc with 41.7 million units valued at N444.4 million.
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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