Economy
Friesland, CSCS Drag NASD Bourse Down by 0.22%
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) was returned to the bearish zone on Thursday as negative price movements from FrieslandCampina WAMCO Nigeria Plc and Central Securities Clearing Systems (CSCS) Plc dragged the bourse down by 0.22 per cent.
The milk producer closed the session at N118.00 per share compared with the previous day’s closing price of N119.00 per share, indicating a decline of N1 or 0.9 per cent, while the Nigerian depository company lost 9 kobo or 5.4 per cent to sell at N18.38 per unit in contrast to the previous closing price of N19.38 per unit.
The losses posted by the duo depleted the market capitalisation of the NASD bourse by N1.42 billion to wrap the day at N628.61 billion compared with N630.03 billion it closed in the preceding session.
Also, the NASD Unlisted Securities Index (NSI) decreased by 1.67 points to wrap the session at 742.36 points compared with 744.03 points recorded at the previous session.
During the session, Afriland Plc was the only price gainer as the property investment company made a one kobo gain to close at N1.08 per share compared to the previous day’s N1.07 per share.
On the activity chart, there was a rise in the volume of securities traded at the bourse by 28.9 per cent as investors exchanged 156,569 units of stocks in contrast to the 121,422 units of stocks exchanged at the preceding session.
However, the value of shares traded yesterday closed lower by 36.1 per cent as trades worth N8.9 million were recorded in contrast to the N13.9 million recorded on Wednesday, while the number of deals carried out increased by 33.3 per cent to 12 deals from nine deals.
When the market closed for the day, CSCS Plc remained as the most traded security by volume (year-to-date) with 653.8 million units sold for N13.7 billion. NASD Plc trailed with 2.9 million units valued at N49.1 million, while Food Concepts Plc was in the third position with 2.0 million units valued at N1.6 million.
Also, CSCS Plc ended the session as the most traded security by value (year-to-date) with 653.8 million units worth N13.7 billion, VFD Group Plc has traded 916,161 units worth N331.5 million, while Niger Delta Exploration and Production (NDEP) Plc has exchanged 289,723 units valued at N68.2 million.
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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