Economy
CSCS Stocks Strengthen Unlisted Securities Market by 0.47%
By Adedapo Adesanya
The gains printed by shares of Central Securities Clearing System (CSCS) Plc on the floor of the NASD Over-the-Counter (OTC) Securities Exchange on Monday, 12 October spurred the opening of the week in the positive territory.
The Nigerian security depository company helped the unlisted securities market to record a 0.47 per cent growth at the close of trading activities.
As the only price gainer at Monday’s session, its share price appreciated by 50 kobo or 3.57 per cent to settle at N14 per share compared with N13.50 per share it closed last Friday.
At the close of business, the NASD Unlisted Securities Index (NSI) increased by 0.47 per cent or 3.41 points from 723.13 points to 726.54 units, while the market capitalisation appreciated by N2.5 billion to N533.69 billion from N531.19 billion.
Business Post reports that the total value of shares transacted by investors during the session significantly increased by 3,243 per cent from N3.2 million to N108.2 million.
In the same vein, the total volume of stocks exchanged by investors appreciated by 123.2 per cent from 23,581 units to 108.2 million units.
However, the exchange saw a decline in the number of deals executed by traders at the market, as five deals were recorded compared with eight deals transacted at the previous session.
These deals were executed on securities belonging to four of the 41 admitted companies on the unlisted securities market.
FrieslandCampina WAMCO Nigeria Plc led with two deals, while Central Securities Clearing Systems (CSCS) Plc, NASD Plc, and Niger Delta Exploration and Production (NDEP) Plc all recorded one deal each.
NASD Plc recorded a decline in its stock price, making it the only decliner at the market on Monday. The company lost 5 kobo or 1.43 per cent to close at N3.50 per share in contrast to the previous N3.55 per share.
On the activity chart, ARM Life Plc remained as the company with the highest number of traded securities on a year-to-date basis, exchanging 7.4 billion units of its shares worth N4.6 billion. CSCS Plc was in second place with 203.1 million units worth N2.7 billion, while Food Concept Plc held the third position with 128.1 million units of its shares worth N90.2 million.
Equally, ARM Life Plc remained as the most traded stock by value (year-to-date) with 7.4 billion units valued at N4.6 billion, while NDEP Plc followed with 10.4 million units worth N3.2 billion, with CSCS Plc in the third spot for transacting 203.1 million units valued at N2.7 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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