Economy
Investors of Unlisted Securities Gain N2.07bn in First Week of 2024
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange ended the first trading week of 2024 on a positive note as it appreciated by 0.16 per cent on a week-on-week basis last Friday.
The market had four trading sessions as a result of the public holiday observed last Monday for the New Year’s Day celebration, with 11 Plc rising by 9.4 per cent to N197.00 per share from the preceding week’s N180.00 per share.
Industrial and General Insurance (IGI) Plc gained 8 per cent to close at 27 Kobo per unit compared with the preceding week’s 25 Kobo per unit, and NASD Plc jumped by 4.0 per cent to N13.50 per share from N12.95 per share.
Further, FrieslandCampina Wamco Nigeria Plc increased by 2.5 per cent to trade at N82.00 per unit from N80.00 per unit, and Aradel Holdings Plc rose by 2.4 per cent to N1,115.00 per share from N1,089.00 per share.
As a result, the market capitalisation of the bourse expanded by N2.07 billion to N1.259 trillion from N1.257 trillion, and the NASD OTC Security Index improved by 1.52 points to 928.99 points from 927.47 points.
In the week, Central Securities Clearing System (CSCS) Plc lost 12.8 per cent to close at N17.31 per share from N19.84 per share, and Nipco Plc declined by 10 per cent to N72.00 per unit from the previous close of N80.00 per unit.
Last week, there was a 118.4 per cent increase in the total value of transactions to N73.7 million from N33.8 million, there was a 75.6 per cent growth in the volume of trades to 10.3 million units from 5.9 million units in Week 52 of 2023, and there was a 9.7 per cent rise in the number of deals to 34 trades from 31 transactions.
At the close of the week, Purple Real Estate Plc was the most traded security by volume with 5.5 million units, UBN Property Plc traded 3.6 million units, IGI Plc exchanged 0.71 million units, CSCS Plc transacted 0.21 million units, and Food Concepts Plc traded 0.17 million units.
Also, Purple Real Estate Plc was the most active with N28.8 million, Aradel Plc traded N27.9 million, UBN Property Plc recorded N6.3 million, CSCS Plc posted N3.8 million, and FrieslandCampina WAMCO Nigeria Plc expended N2.3 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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