Economy
Investors Trade N7.4m Unlisted Shares as Index Sheds 0.50%
By Adedapo Adesanya
Transactions at the NASD Over-the-Counter (OTC) Securities Exchange further closed bearish on Wednesday, July 8 on the back of the 0.50 percent loss printed by the market.
At the previous session, the market lost 0.73 percentage points and yesterday, the woes continued despite an improvement in the trading volume.
Business Post reports that the NASD Unlisted Securities Index (NSI) depreciated at the midweek session by 3.54 points to 708.20 points from 711.74 of the previous day.
In the same vein, the market capitalisation of the exchange reduced by N2.6 billion to N520.22 billion compared with N522.82 billion it ended in the preceding session.
It was observed that yesterday’s loss was caused by Central Securities Clearing Systems (CSCS) Plc just like it did on Tuesday.
The securities depository company saw its share price lose 4 percent or 52 kobo at the bourse to close at N13.01 per share versus N13.53 per share it previously closed. On Tuesday, the stock dropped N1.45.
On the activity chart, the volume of shares transacted by investors improved by 726.2 percent as NASD investors traded 315,967 units yesterday compared with 38,245 units they traded the previous day.
These securities were executed in 10 deals compared with Tuesday’s 11 deals, representing a decline by 9.1 percent or one deal.
A further analysis showed that Wednesday’s 10 deals were carried out on only two securities at the OTC market; FrieslandCampina WAMCO Nigeria Plc (three deals) and CSCS Plc (eight deals).
The total value of the transactions recorded at the midweek trading day, however, depreciated by 0.4 percent as shares worth N7.4 million were traded at the bourse, with FrieslandCampina contributing N3.7 million and CSCS Plc accounting for N3.71 million.
ARM Life Plc closed the session as the company with the highest volume of shares traded so far this after trading 7.4 billion units worth N4.6 billion. CSCS followed with 196.8 million units valued at N2.6 billion, while Food Concept Plc has transacted 115 million units worth N77 million.
By the trading value (year-to-date), ARM Life Plc also maintained the top spot with 7.4 billion units of securities traded for N4.6 billion, while CSCS Plc has exchanged 196.8 million units for N2.6 billion, with Niger Delta Exploration and Production (NDEP) Plc trading 7.9 million units of its securities valued at N2.4 billion.
Economy
SEC Postpones Q2 2026 Pre-registration Training, Examination for CMOs
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.
Economy
Fidson Lists Additional 600 million Shares on Stock Exchange
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.”
Economy
FG Approves Payments to 1,240 Contractors to Ease Liquidity Pressure
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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