Economy
NASD Exchange Closes Week in Stalemate
By Adedapo Adesanya
The last trading session of the week on the floor of the NASD Over-the-Counter (OTC) Securities Exchange closed in stalemate on Friday.
According to data obtained by Business Post, the NASD Exchange finished in the flat territory despite the Nigerian Exchange (NGX) Group recording a positive price movement.
Share of NGX Group appreciated by 2.8 per cent or 51 kobo yesterday to N18.06 per unit as against the previous N17.55 per unit.
However, this was not enough to sway the unlisted securities market to either upwards or downwards, with the NASD Unlisted Security Index (NSI) remained unchanged at 744.39 points, while the market capitalisation of the exchange remained static at the previous value of N529.12 billion.
At the close of transactions, investors traded a total of 1.4 million units of securities in contrast to the 1.5 million units of securities transacted at the previous session, indicating a drop of 5.6 per cent.
Equally, the value of shares exchanged by the market participants depreciated by 46.9 per cent as N25.1 million worth of equities was traded compare with the N47.3 million recorded at the previous session.
In the same pattern, the total number of deals executed went down by 43.9 per cent as 23 deals were performed at the exchange as against the 41 deals printed on Thursday.
It was observed that Geo Fluids Plc remained as the most active stock by volume (year-to-date) with 1.0 billion units of its shares transacted for N700.1 million. NGX Group maintained its second spot for trading 316.6 million units valued at N6.9 billion, while Swap Technologies & Telecomms Plc was in third place for transacting 46.6 million units valued at N41.0 million.
Conversely, NGX Group was the most active by value (year-to-date) for trading 316.6 million units worth N6.9 billion. Niger Delta Exploration and Production (NDEP) Plc remained in the second spot with 3.2 million units worth N966.9 million, while FrieslandCampina WAMCO Nigeria has traded 6.7 million units worth N834.9 million.
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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