Economy
Five Companies Expand NASD Exchange by 0.27%
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.27 per cent appreciation on the back of positive price movement from five admitted securities.
The five companies which spurred the growth were Afriland Plc, FrieslandCampina WAMCO Nigeria Plc, Food Concepts Plc, Nigerian Exchange (NGX) Group and VFD Group Plc.
VFD Group Plc was the day’s highest gainer as it appreciated by N8.50 or 2.4 per cent to sell at N361.82 per unit compared with the previous N353.31 per unit.
On its part, Friesland gained 63 kobo or 0.5 per cent to trade at N120.63 per unit in contrast to N120.00 per unit of the previous session. Afriland Plc improved by 10 kobo or 7.4 per cent to settle at N1.35 per unit in contrast to N1.25 per unit it ended on Wednesday.
Furthermore, NGX Group appreciated by 5 kobo or 0.3 per cent to quote at N17.51 per share compared with the previous day’s N17.46 per share, while Food Concepts went up by 4 kobo or 4.76 per cent to close at 84 kobo per share versus 80 kobo it traded a day earlier.
These five stocks boosted the market capitalisation of the NASD Exchange by N1.81 billion to N663.63 billion from N661.82 billion and expanded the NASD Unlisted Security Index (NSI) by 2.07 points to 763.51 points from 761.44 points recorded at the previous session.
During the session, there was a 461.9 per cent increase in the volume of securities traded by investors to 12.4 million units from the previous day’s 2.2 million units just as the value of securities transacted skyrocketed by 2,333.1 per cent to N935.4 million from N38.4 million, with the number of deals rising by 112.5 per cent to 51 deals from 24 deals.
Geo Fluids Plc was the most traded stock by volume (year-to-date) with 1.0 billion units worth N700.1 million. NGX Group followed with 332.7 million units valued at N7.2 billion, while Swap Technologies & Telecomms Plc was in third place with 46.6 million units worth N41.0 million.
But the most traded stock by value (year-to-date) was NGX Group with 332.7 million units valued at N7.2 billion, followed by VFD Group Plc with 3.4 million units worth N977.2 million, with Niger Delta Exploration and Production (NDEP) Plc in third for selling 3.1 million units valued at N970.8 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.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
