Economy
In One Week, NASD Investors Record N23.06bn Loss
By Adedapo Adesanya
Last week, which was the 38th trading week at the NASD Over-the-Counter (OTC) Securities Exchange, investors lost 2.37 per cent or N23.06 billion of their shares as a result of low appetite for the unlisted stocks.
Uncertainties in the macroeconomic environment affected the interest of traders in the bourse and consequently depleted its value to N952.51 billion from the N975.57 billion reported in the preceding week.
Business Post reports that this also affected the NASD Securities Index (NSI), which decreased by 17.53 points to settle at 723.56 points as against the 741.09 points it finished a week earlier.
It was observed that the decline suffered by the unlisted securities market last week was influenced by the beatings received by the shares of four companies led by FrieslandCampina Wamco Nigeria Plc, which dropped 9.9 per cent to close at N73,00 per share in contrast to the previous week’s N81.00 per share.
Central Securities Clearing System (CSCS) Plc lost 7.2 per cent to trade at N12.53 per share compared with N13.50 per share it closed the preceding week, 11 Plc went down by 9.5 per cent to sell for N170.00 per unit in contrast to N18.00 per unit, while Food Concepts Plc depreciated by 1.1 per cent to finish at 90 Kobo versus the preceding week’s 91 Kobo.
In the week, Nigerian Mortgage Refinance Company (NMRC) Plc gained 9.6 per cent to end at N5.24 per share compared with the previous week’s N4.78 per share, NASD Plc rose by 4.00 per cent to N13.00 per share from N12.50 per share, while Niger Delta Exploration & Production Plc advanced by 2.1 per cent to N199.00 per unit from N195.00 per unit.
In the five-day trading week, there was a 69.2 per cent decrease in the total value of securities traded by investors to N151.3 million from N490.7 million, the trading volume went down by 86.7 per cent to 25.3 million units from 190.1 million units, while the number of deals fell by 11.5 per cent to 46 deals from 52 trades.
The most active stock for the week by value was NMRC Plc with N130.9 million, NDEP Plc recorded N11.7 million, FrieslandCampina WAMCO Plc posted N4.5 million, 11 Plc reported N1.7 million and CSCS Plc traded N1.3 million.
By volume, the most traded stock was also NMRC Plc with 25.0 million units, CSCS Plc recorded 100,930 units, Food Concepts Plc posted 60,000 units, FrieslandCampina WAMCO Plc had 59,711 units as NDEP Plc recorded 56,739 unit.
On a year-to-date basis, the bourse has recorded the sale of 3.5 billion units of securities worth N26.7 billion executed in 2,119 deals.
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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