Economy
NASD Bourse Continues Poor Performance For Third Straight Week
By Adedapo Adesanya
For the third straight week, the National Association of Securities Dealers (NASD) Over-the-Counter (OTC) Securities Exchange ended in the negative territory as there was a 0.57 per cent depreciation in the 18th week of trading this year.
This happened as there were two price losers and two price gainers in four days of trading, which saw the market capitalisation drop N10 billion to N1.000 trillion from the preceding week’s N1.010 trillion.
On its part, the NASD Unlisted Securities Index (NSI) lost 4.19 points to wrap the week at 726.02 points compared with 730.21 points recorded in the previous week.
The price decliners were made up of FrieslandCampina Wamco Nigeria Plc, which slumped 6.9 per cent to end the week at N73.97 per unit versus N79.42 per unit, and Industrial and General Insurance (IGI) Plc lost 12.5 per cent to 7 Kobo per share from 8 Kobo per share.
On the gainers’ angle, Central Securities Clearing System (CSCS) recorded a 7.1 per cent rise to end the week at N13.20 per share, in contrast to the previous week’s N12.33 per share, as Geo-Fluids Plc improved by 6.4 per cent to N2.50 per unit versus N2.35 per unit.
In the 18th week, there was a 52.7 per cent decrease in the total value of transactions as investors traded N20.9 million worth of stocks compared to N44.3 million worth of stocks achieved in the previous week.
Also, the volume of trades during the week slumped by 36.4 per cent week-on-week to 12.8 million units compared to the 20.0 million units reported in the previous week.
At the close of the week, IGI Plc was the most traded security by volume with 12.10 million units. Afriland Properties Plc achieved 340,000 units, FrieslandCampina Wamco Nigeria Plc exchanged 256,225 units, Geo-Fluids Plc traded 53,333 units, and CSCS Plc transacted 11,920 units.
By value, FrieslandCampina Wamco Nigeria Plc led with N19.1 million, IGI Plc posted N0.8 million, Afriland Properties Plc traded N0.8 million, CSCS Plc recorded N0.2 million, and Geo-Fluids Plc posted N0.1 million.
The NASD OTC market year-to-date (YTD) has witnessed the sale of 1.66 billion stocks valued at N4.34 billion in 1,068 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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