Economy
Investors Rake N8.24bn from NASD OTC Exchange
By Adedapo Adesanya
Last week was fruitful on the floor of the NASD Over-the-Counter (OTC) Securities Exchange last week (Week 15) as investors raked N8.24 billion.
Four stocks were responsible for the gains and they were VFD Group Plc, Afriland Properties Plc, FrieslandCampina WAMCO Plc and Central Securities Clearing System Plc (CSCS).
On the part of VFD Group, its value further improved by 21 per cent to N361.82 per share from N299.02 per share; Afriland Properties Plc appreciated by 3.2 per cent to N1.30 per unit from N1.26 per unit, Friesland gained 2.4 per cent to N130.00 per share from N127.00 per share, while CSCS rose by 0.2 per cent to N16.03 per unit from N16.00 per unit.
The performance of these four equities increased the market capitalisation of the NASD OTC Exchange to N545.50 billion from N537.26 billion it finished at the preceding week and lifted the NASD Security Index (NSI) by 1.53 per cent to 767.43 points from 755.84 points of the previous week.
The market was not without a price loser as Geo Fluids Plc depreciated by 6.7 per cent to settle at 70 kobo compared with the previous 75 kobo.
During the week, there was a 329.4 per cent increase in the total value of securities traded by investors; N281.7 million versus N65.6 million in the previous week.
In the same vein, the total volume of shares transacted skyrocketed by 3402.7 per cent to 12,853,465.00 units from 366,957 units, while the number of deals also increased by 490.9 per cent to 130 deals from 22 deals a week earlier.
The newly admitted Nigerian Exchange (NGX) Group Plc was the most traded securities by volume with 8.9 million units. It was followed by Air Liquide Plc with 1.9 million units, CSCS Plc with 1.2 million units, Afriland Properties Plc with 575,868 and Friesland with 105,780 units.
Also, the NGX Group was the most traded stock by value in week 15 for trading its securities worth N211.8 million. VFD Group Plc followed with N23.7 million, CSCS Plc traded N19.3 million, Friesland recorded N13.8 million, while Air Liquide Plc traded N11.8 million.
On a year-to-date basis, investors have traded 54.6 million units valued at N1.8 billion in 531 deals, while the market has gained 3.5 per cent.
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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