Economy
Food Concepts, Others Slice NASD Market Cap by 0.3% in Week 37
By Adedapo Adesanya
The market capitalisation of the NASD Over-the-Counter (OTC) Securities Exchange was last week (Week 37) trimmed by 0.03 per cent or N1.87 billion to N639.47 billion from N641.34 billion it ended in Week 36.
Business Post reports that the loss was influenced by three of the securities on the bourse, with Food Concepts Plc losing 6.3 per cent to settle at 75 kobo per share compared with the preceding week’s 80 kobo per share.
Also, Nigerian Exchange (NGX) Group Plc went down by 20.7 per cent to close at N12.84 per unit in contrast to the previous rate of N16.20 per unit, while Acorn Petroleum Plc decreased by 11.8 per cent to 15 kobo per share from 17 kobo per share.
As a result of the fall in these equities, the NASD Unlisted Security Index (NSI) reduced by 2.15 points to settle at 735.72 points as against 737.87 points of the previous week.
In the week, two securities closed on the gainers’ chart and they were NASD Plc and FrieslandCampina WAMCO Nigeria Plc.
NASD Plc appreciated last week by 40 per cent to N7.14 per unit from N5.10 per unit, while Friesland improved by 0.8 per cent to trade at N122 per share in contrast to the previous close of N121.50.
Last week, there was a 78.6 per cent decrease in the total value of shares traded by investors to N237.0 million from N1.1 billion, while the volume of stocks increased by 104.6 per cent to 20.9 million units from 10.3 million of the previous week, with the number of deals rising by 60.2 per cent to 165 trades from 103 trades.
At the close of the week, NGX Group Plc was the most traded security by volume with 15.3 million units. NASD Plc traded 2.3 million units, Food Concepts Plc exchanged 2.2 million units, Acorn Petroleum Plc transacted 880,000 units, while Air Liquide Plc traded 100,000 units.
In terms of the value of trades in the week, NGX Group Plc also topped with N211.2 million, NASD Plc traded N13.6 million, Friesland Plc recorded N8.4 million, Food Concepts Plc posted N1.7 million, while CSCS Plc expended N1.2 million.
In the year so far, NSI Year-to-date returns stood at 0.8 per cent, while investors have transacted 1,963,561,193 units of shares worth N16.1 billion in 4,128 deals.
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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