Economy
Friesland Leads NASD OTC Exchange to 0.52% Appreciation
By Adedapo Adesanya
Friesland Campina WAMCO Nigeria Plc welcomed the bull at the NASD Over-the-Counter (OTC) Securities Exchange and caused the exchange to close the first trading session of the week by 0.52 per cent.
At the close of business on Monday, the market capitalisation of the NASD OTX exchange went up by N3.22 billion to N625.27 billion from N622.05 billion, while the NASD Unlisted Securities Index (NSI) increased by 3.8 points to wrap the session at 738.41 points compared with 734.61 points recorded last Friday.
It was observed that the stock price of Friesland Campina WAMCO Nigeria Plc rose during the session by N3.50 or 2.8 per cent to N125.00 per unit versus the last session’s N121.50 per unit.
However, the equity value of Central Securities Clearing Systems (CSCS) Plc depreciated yesterday by 4 kobo or 0.2 per cent as it was sold at N18.16 per unit in contrast to the previous closing price of N18.20 per unit.
A look at the level of activity showed the volume of shares transacted by investors went up by 376.3 per cent to 2.4 million units from the previous 502,795 units, while the value of shares surged by 429.7 per cent to N24.1 million from last Friday’s N4.6 million, with the number of deals increasing by 400 per cent to 20 deals from four deals achieved at the preceding session.
When the market closed for the session, CSCS Plc remained as the most traded stock by volume on a year-to-day basis with a turnover of 655.6 million units worth N13.8 billion. NASD Plc traded 6.9 million units worth N84.0 million to occupy the second spot, while Food Concepts Plc, which claimed the third place, has traded 4.0 million units worth N3.2 million.
By value on a year-to-date basis, CSCS Plc was also on top of the chart with the sale of 655.6 million units worth N13.8 billion, followed by VFD Plc with 916,161 units valued at N331.5 million, and Friesland Campina WAMCO Plc with 2.0 million units valued at N248.2 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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