Economy
NASD, CSCS Lift Unlisted Securities Market by 1.01%
By Adedapo Adesanya
NASD Plc and Central Securities Clearing Systems (CSCS) Plc championed the return of the NASD Over-the-Counter (OTC) Securities Exchange into the bullish territory after two straight sessions in red with a growth of 1.01 per cent on Thursday, October 28.
The duo lifted the total value of stocks at the unlisted securities market yesterday by N6.16 million to N614.67 billion from N608.51 billion and increased the NASD Unlisted Security Index (NSI) by 7.46 points to 743.99 points from Wednesday’s 736.53 points.
At the session, the share price of NASD Plc grew by N1.27 or 7.3 per cent to settle at N17.50 per unit as against the preceding day’s N16.23 per unit, while the value of CSCS Plc rose by N1.20 or 6.7 per cent to sell at N17.90 per share compared to N16.70 per unit it traded a day earlier.
Just as there were two price gainers, there were also two price losers led by Niger Delta Exploration and Production (NDEP) Plc, which fell by N1.98 or 0.87 per cent to close at N226.51 per unit in contrast to N228.49 per unit it finished on Wednesday, while Afriland Property Plc went down by 3 kobo or 2.63 per cent to end at N1.11 per share versus N1.14 per share it traded at the midweek session.
Yesterday, the volume of securities traded at the bourse decreased by 54.1 per cent as investors exchanged 116,046 units of securities compared with the 252,778 units of securities transacted at the preceding session.
However, the value of shares traded by investors increased by 86.8 per cent to N8.3 million from N4.4 million, while the number of deals appreciated by 10.0 per cent to 11 deals from 10 deals.
Food Concepts Plc remained as the most traded stock by volume on a year-to-date basis with 11.4 billion units worth N14.4 billion, trailed by Lighthouse Financial Services Plc with 1.1 billion units valued at N546.1 million, and Geo Fluids Plc with 1.0 billion units worth N700.1 million.
By value, Food Concepts Plc also topped the chart with 11.4 billion units traded for N14.4 billion, followed by Nigerian Exchange (NGX) Group Plc with 456.5 million units worth N9.2 billion, and VFD Group Plc with 10.4 million units valued at N3.5 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.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
