Economy
Five Stocks Contribute to N8.01bn Loss at NASD Exchange
By Adedapo Adesanya
The sum of N8.01 billion was lost by investors at the NASD Over-the-Counter (OTC) last week, which was the 45th week of trading at the bourse in 2020.
The huge loss was partly caused by the poor performance of five stocks admitted on the exchange, reducing the market capitalisation to N528.38 billion from N536.39 billion it closed the preceding week.
In the same vein, the outcome of the the five equities weakened that NASD Security Index (NSI) by 1.49 per cent or 10.91 points to 719.31 points from 730.22 points in week 44.
The five stocks that caused a significant decline in the market last week were Niger Delta Exploration and Production (NDEP) Plc, Afriland Properties Plc, FrieslandCampina WAMCO Nigeria Plc, Central Securities Clearing System (CSCS) Plc and Nipco Plc.
NDEP, which currently holds a market capitalisation of N56.19 billion, depreciated by 0.70 per cent to close at N309.77 per share in contrast to the previous week’s N311.94 per share.
On its part, Afriland Properties Plc, which currently holds a market capitalisation of N1.89 billion, lost 2.82 per cent to finish at N1.38 per share versus N1.42 per share a week earlier.
Furthermore, FrieslandCampina, which currently holds a market capitalisation of N132.15 billion, went down by 3.29 per cent to N135.36 per share from N139.97 per share.
Also, CSCS, which currently holds a market capitalisation of N67.55 billion, dropped 3.57 per cent to N13.51 per share from N14.01 per share.
Lastly, Nipco Plc, which currently holds a market capitalisation of N11.63 billion, decreased by 4.62 per cent to N62 per share from N65 per share.
Business Post gathered from the activity chart that there was a 1841.9 per cent increase in the total value of securities traded by investors during the week, amounting to N116.8 million in contrast to the previous week’s N6.0 million.
Likewise, the volume of stocks traded during the week increased by 165.4 per cent to 573,357.00 units from 216,058.00 units, while the number of deals rose by 46.2 per cent to 19 deals from 13 deals.
The total transactions year-to-date stood at 7,873,739,044 units worth N11.8 billion executed in 1,320 deals.
NDEP ranked top among the four most traded securities by volume with 303,500 units, while FrieslandCampina accounted for 161,575 units, CSCS accounted for 86,650 units, while Afriland accounted for 21,250 units.
Also, NDEP Plc led the four most traded securities by value with N94.0 million, FrieslandCampina followed with N21.5 million, CSCS with N1.2 million and Afriland Properties with N29,288.
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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