Economy
Geo-Fluids Influences NASD OTC Exchange’s 0.01% Rise
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded a marginal 0.01 per cent gain at the second session of the week on Tuesday, January 24.
The bourse added N90 million in its valuation to close at N934.07 billion compared with the N933.98 billion it quoted at the previous session.
In the same vein, the NASD Unlisted Securities Index (NSI) added 0.06 points to end the day at 710.85 points as against the 710.79 points it recorded a day earlier.
Geo-Fluids Plc, the sole price gainer, appreciated by 2 Kobo during the trading day to close at 84 Kobo per unit versus Monday’s value of 82 Kobo per unit.
On the activity chart, it was a mixture of red and green as the volume of securities transacted yesterday increased by 57.4 per cent to 25.2 million units from 15.9 million units, but the value of shares traded tanked by 24.7 per cent to N20.4 million from N27.1 million, and the number of deals executed by traders went down by 58.8 per cent to seven from the 17 deals recorded on Monday.
Business Post reports that these transactions were carried out by three equities; FreislandCampina, Geo-Fluids, and UBN Property. Friesland recorded 635 securities worth N47,768, Geo-Fluids traded 20.2 million shares valued at N16.9 million, and UBN Property exchanged 5.0 million stocks worth N3.5 million.
At the close of business, Geo-Fluids Plc remained the most traded stock by volume on a year-to-date basis with the sale of 61.1 million units valued at N49.2 million, UBN Property Plc stood in second place with 29.7 units worth N21.1 million, while NASD Plc was in third place with 944,112 units valued at N13.6 million.
On the flip side, VFD Group Plc ended the trading session as the most active stock by value on a year-to-date basis with a turnover of 422,074 units worth N103.0 million, FrieslandCampina Wamco Nigeria Plc was in second place with 834,407 units valued at N55.0 million, while Geo-Fluids Plc was in third place with 61.1 million units worth N49.2 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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