Economy
Investors Loses N10.27bn in One Week at NASD OTC Exchange
By Adedapo Adesanya
The market environment at the NASD Over-the-Counter (OTC) Securities Exchange was bearish last week, with investors counting a loss of N10.27 billion in value.
The unlisted securities exchange depreciated in the week due to the negative movement in the prices of two companies. They shrank the value of the bourse to N958.33 billion from the preceding week’s N968.60 billion.
Business Post reports that FrieslandCampina WAMCO Plc lost 6.2 per cent in the week to settle at N73.15 per share compared with the previous week’s N78.00 per share, while Central Securities Clearing System Plc (CSCS) declined by 1.2 per cent to close at N14.00 per unit versus N14.17.
Consequently, the NASD Securities Index (NSI) was pulled down by 1.06 per cent to 727.98 points from the 735.79 points of the previous week.
Last week, which was the 40th trading week of the year, the share price of Afriland Properties Plc increased by 2.5 per cent to N1.25 per unit from N1.22 per unit.
It was observed that the value of transactions in the week increased by 76.1 per cent to N92.9 million from N52.8 million, the volume of trades jumped by 24.1 per cent to 708,644 units from 571,164 units, while the number of deals depreciated by 22.0 per cent to 39 deals from 50 deals.
11 Plc ended the four-day trading week as the most active stock by volume with the sale of 398,593 units, Niger Delta Exploration and Production Plc transacted 105,069 units, FrieslandCampina WAMCO Plc exchanged 67,962 units, Famad Nigeria Plc recorded 50,000 units, Afriland Properties Plc traded 39,830 units.
In terms of value, 11 Plc also topped the chart with N67.8 million, NDEP Plc followed with N19.6 million, FrieslandCampina WAMCO Plc traded N5.1 million, CSCS Plc posted N449,348, and Famad Africa Plc recorded N62,500.
On a year-to-date basis, the NASD OTC exchange decreased by 2.0 per cent last week on the back of high inflation and an increase in interest rate, which have made unlisted stocks less attractive to investors.
In the year so far, investors have bought and sold 3.5 billion units of shares worth N26.8 billion in 2,208 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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