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Economy

Gains in NDEP, Geo Fluids Lift NASD OTC Exchange by 1.02%

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Geo Fluids

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange ended the week in the positive territory on Thursday, December 24, rising by 1.02 per cent.

The growth witnessed at the unlisted securities market was largely propelled by the positive price movements from Niger Delta Exploration and Production (NDEP) Plc and Geo Fluids Plc.

At yesterday’s trading session, the shares of NDEP Plc moved up by N28.10 or 9.4 per cent to settle at N328.60 per share in contrast to N300.50 per share it closed at the previous session.

On its part, Geo Fluids Plc appreciated by 5 kobo or 8.6 per cent to settle at 63 kobo per share as against 58 kobo per share it was sold on Wednesday.

As earlier stated, the bullish performance of the two equities influenced the general outcome of the market on Thursday, causing the market capitalisation of the bourse to rise by N5.31 billion to N537.37 billion from N518.06 billion it ended a day earlier.

Likewise, the two stocks lifted the NASD Unlisted Security Index (NSI) by 7.4 points at the trading session to settle at 729.41 points as against 722.01 points it settled at the previous session.

At the market, the level of activity also increased as the total number of shares transacted by investors rose by 18.1 per cent to 1.7 million units from 1.4 million units of the previous day.

Following the same pattern, the total value of shares transacted by traders skyrocketed by 1,297.8 per cent to N15.7 million from N1.1 million exchanged on Wednesday.

In the same vein, the number of deals grew by 250 per cent or five deals as seven deals were executed by market participants compared with the two deals carried out a day before.

A breakdown of the deals showed that they were carried out on four companies with NDEP Plc accounting for three deals, Geo Fluids Plc accounting for two deals and Central Securities Clearing Systems (CSCS) Plc and FrieslandCampina WAMCO Nigeria Plc accounting for one deal each.

At the close of business, ARM Life Plc remained as the highest most active stock by value (year-to-date) with 7.4 billion units traded for N4.6 billion. It was trailed by NDEP Plc, which sold 11.9 million units valued at N3.7 billion, and CSCS Plc, which has traded 213.7 million units valued at N2.9 billion.

ARM Life Plc was also the most traded stock by volume (year-to-date) with 7.4 billion units worth N4.6 billion. CSCS Plc has exchanged 213.7 million units worth N2.9 billion, while Food Concepts Plc has transacted 152.2 million units worth N109.5 million.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Economy

SEC Postpones Q2 2026 Pre-registration Training, Examination for CMOs

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capital market operators

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.

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Economy

Fidson Lists Additional 600 million Shares on Stock Exchange

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fidson

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.”

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Economy

FG Approves Payments to 1,240 Contractors to Ease Liquidity Pressure

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FG contractors protest

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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