Economy
Local Unlisted Securities Gain 1.86% as Market Cap Nears N1.1trn
By Adedapo Adesanya
A 1.86 per cent growth was posted by the NASD Over-the-Counter (OTC) Securities Exchange on Friday after four stocks on the platform gained weight at the close of transactions.
This was spurred by renewed interest in local unlisted securities, as investors seek to diversify their investments, especially because of the moves of the administration of President Bola Tinubu.
11 Plc gained N15.40 to close at N169.40 per unit versus N154.00 per unit, FrieslandCampina Wamco Nigeria Plc rose by N4.82 to finish at N79.71 per share compared with the previous day’s N74.89 per share, Central Securities Clearing System (CSCS) Plc increased by 86 Kobo to end at N17.86 per unit versus N17.00 per unit, and Afriland Properties Plc chalked up 25 Kobo to trade at N2.87 per share versus Thursday’s closing price of N2.62 per share.
However, the share price of Acorn Petroleum was down at the close of business by 1 Kobo to 16 Kobo per unit from the preceding session’s value of 17 Kobo per unit.
The gains posted by the four stocks offset the marginal loss printed by Acorn Petroleum, raising the market capitalization of the alternative bourse by N19.59 billion to N1.074 trillion from N1.054 trillion, and lifted the NASD Unlisted Securities Index (NSI) by 14.16 points to 776.70 points from 762.54 points.
The market witnessed a 488.1 per cent rise in the volume of securities traded by investors to 1.9 million units from the 320,858 units of the previous day. The value of trades grew by 42.4 per cent to N13.1 million from N9.2 million, while the number of deals decreased by 28.1 per cent to 23 deals from 32 deals.
CSCS Plc closed the day as the most traded equity by volume (year-to-date) with 1.1 billion units worth N21.2 billion, Geo-Fluids was in second place with 625.8 units valued at N1.1 billion, and Industrial and General Insurance (IGI) Plc was in third place with 607.3 million units worth N48.0 million.
Also, CSCS Plc ended the trading session as the most traded stock by value (year-to-date) with 1.1 billion units sold for N21.2 billion, VFD Group followed with 18.9 million units worth N4.2 billion, and Geo-Fluids Plc was in third place with 625.8 million units valued at N1.1 billion.
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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