Economy
Investors Lose N8.38bn at Local Unlisted Securities Market
By Adedapo Adesanya
Four companies made investors lose N8.38 billion at the NASD Over-the-Counter (OTC) Securities Exchange last week, which was the 39th trading week in 2021.
The loss reduced the total value of shares at the local unlisted securities market to N637.16 billion from the N645.54 billion recorded at week 38.
Equally, the NASD OTC Security Exchange Index (NSI) went down by 1.3 per cent or 9.64 points to close the week at 733.06 points as against the preceding week’s 742.70 points.
Business Post reports that during the week, Central Securities Clearing Systems (CSCS) Plc depreciated by 8.3 per cent to settle at N16.50 per share compared with the earlier week’s N17.99 per share.
Friesland Campina Wamco Nigeria Plc went down by 1.7 per cent to N118.00 per unit from N120.00 per unit, Nigerian Exchange (NGX) Group Plc fell by 1.4 per cent to N13.17 per share from N13.36 per share, while NASD Plc lost 0.9 per cent to trade at N11.01 per unit from N11.11 per unit it was sold at the preceding week.
However, there were two price risers but their gains could not put the exchange in the positive territory.
Food Concepts Plc appreciated by 21.3 per cent to 91 kobo per share from the previous week’s 75 kobo per share, while UBN Property Plc gained 10.00 per cent to sell for 99 kobo per unit in contrast to the earlier week’s 90 kobo per unit.
In the week, there was a 1,884.9 per cent surge in the total value of trades to N12.2 billion from N617.1 million, just as the volume of transactions rose by 68,546.6 per cent to 9.7 billion units from 14.1 million units, with the number of deals declining by 46.2 per cent to 100 deals from 186 deals.
At the close of the week, which only had four trading sessions due to the public holiday on Friday, Food Concepts Plc was the most traded security by volume with 9.7 million units. NGX Group Plc exchanged 3.0 million units, NASD Plc transacted 1.8 million units, UBN Property Plc traded 1.0 million units, while Friesland Plc traded 53,796 units.
In terms of the value of trades in the week, Food Concepts Plc also topped with N12.2 million, NGX Group Plc followed with N39.3 million, NASD Plc posted N20.7 million, Friesland Plc recorded N6.4 million, while Niger Delta Exploration and Production (NDEP) Plc raked in N1.6 million.
In the year so far, investors have traded a total of 11.7 billion units of securities valued at N28.9 billion in 4,414 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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