Economy
Friesland WAMCO Lifts NASD Exchange by 0.14%
By Adedapo Adesanya
Friesland Wamco Plc ended the first day of the new trading week as the only price gainer on the NASD Over the Counter (OTC) Securities Exchange, helping to push the market to a positive territory.
At the close of transactions on Monday, November 25, 2019 at the NASD OTC market, share price of the popular milk maker appreciated by 74 Kobo or 0.57 percent to N128.72 per share from N127.98 per share.
This spurred the key parameters, the NASD Unlisted Security Index (NSI) and the market capitalisation to close strong yesterday after closing flat at the end of last week.
While the market capitalisation rose by 0.14 percent to N508.57 billion from to N507.85 billion, the NSI also gained 0.14 percent to settle at 707.88 points from 706.88 points.
Despite this, the market recorded a drop in total volume of shares transacted on Monday as it plunged by 38.2 percent to 1,051,550 units compared with the 1,700,413 units realized at the last trading session.
Also taking the hit on Monday was the total value of securities traded by investors at the market, which dropped by 9.9 percent to N306.8 million in contrast to N340.8 million worth of shares reported at the preceding trading session.
Business Post reports that the total number of deals printed yesterday also dropped by seven deals as only 10 deals were executed by traders compared with 17 deals at the previous session.
Meanwhile, Food Concept Plc still held down the top of trades position by volume (year to date) with the sale of 1,158,828,284 units of its shares valued at N844 billion, while UBN Properties followed with 921,841,397 units worth N1.24 billion.
However, in terms of value, Central Securities Clearing System (CSCS) Plc still holds the top spot with 202,272,698 units worth N2.53 billion transacted from the beginning of this year till date, while UBN Properties followed with 884,529,600 units of its stocks sold for N1.2 billion.
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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