Economy
Friesland Lifts Unlisted Securities Market by 0.97%
By Adedapo Adesanya
After three days of wallowing in the danger zone this week, the NASD Over-the-Counter (OTC) Securities Exchange recorded its first growth on Thursday.
This was mainly boosted by the positive performance put up by one of the market’s bellwethers, FrieslandCampina WAMCO Nigeria Plc.
As the session came to a close, the NASD Unlisted Securities Index (NSI) rose by 0.97 percent or 6.63 points to finish at 689.69 points compared with 683.06 points it finished on Wednesday.
In addition, the market capitalisation equally appreciated by 0.97 percent or N4.85 billion to settle at N506.62 billion in contrast to the previous day’s N501.77 billion.
The day’s sole advancer, FrieslandCampina Plc, recorded a price appreciation of N4.97 to close at N120 per share as against N115.03 per share it was sold at the midweek session.
The top milk manufacturer also dominated the number of deals executed by investors at the market yesterday. Of the four deals recorded during the session, Friesland had 75 percent of the deals (three), while Nipco Plc had 25 percent (one). These four deals recorded at the exchange on Thursday were 100 percent higher than the two deals carried out at the previous trading session.
Furthermore, there was a significant rise in the trading value on Thursday. Business Post reports that the total value of stocks traded by investors increased by 14,131 percent to N2.2 million from N15,150 actualised on Wednesday.
Equally, the trading volume improved by 298 percent during the session to 20,300 units from 5,100 units recorded at the previous trading day.
ARM Life Plc closed the session as the most traded security by volume (year-to-date) with 7.4 billion units of its shares traded for N4.6 billion, while Food Concept Plc was in second place with 110.0 million units worth N77.0 million, with Central Securities Clearing System (CSCS) Plc in third position with 17.3 million units valued at N199.4 million.
In terms of the most active stock by value (year-to-date), ARM Life Plc remained on top of the log with 7.4 billion units worth N4.6 billion. Niger Delta Exploration and Production (NDEP) Plc followed with 6.4 million units exchanged for N1.99 billion, while FrieslandCampina WAMCO Nigeria Plc traded 1.9 million units of its securities for N240 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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