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Economy

NASD Exchange Records One Deal Wednesday

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Niger Delta Petroleum Resources NDEP

By Adedapo Adesanya

Only a single deal was carried out on the trading platform of the NASD Over-the-Counter (OTC) Securities Exchange on Wednesday.

For the past two weeks, trading activities the exchange have been very low especially as investors continue to monitor events from across the globe.

The coronavirus pandemic has made several economic activities to remain standstill and here in Nigeria, government has asked those in Lagos, Abuja and Ogun State to remain indoors to stop the spread of the virus.

As a result, trading on the NASD OTC market has been done remotely.

At the midweek session, the unlisted securities market in Nigeria closed flat for the second time this week.

The market capitalisation remained at N512.89 billion at the close of transactions yesterday, while the NASD Unlisted Security Index (NSI) ended the day at 698.22 points.

The only trade at the market on Wednesday was from an energy investment company, Niger Delta Exploration and Production (NDEP) Plc.

It was observed that  2,120 units of the company’s shares worth N572,400 were transacted at the market yesterday.

This brought about a decline in the trading volume and value. At the previous session, where a single transacted also occurred, 800,000 stocks worth N9.44 million exchanged hands.

This indicated that while the trading volume reduced by 97 percent, the value of trades decreased by 94 percent, with the number of deals closing flat.

ARM Life Plc closed the session as the most active stock by volume of shares traded year-to-date with 7.4 billion units worth N4.6 billion. Food Concept Plc was in second place with 110 million units worth N77 million, while Lighthouse Financial Services Plc held the third position with 47.8 million units of its shares worth N23.8 million.

In terms of the most traded stock by value year-to-date, ARM Life Plc also held remained on top of the chart for trading 7.4 billion units of its securities valued at N4.6 billion. Niger Delta Exploration and Production (NDEP) Plc followed with 6.5 million units exchanged for N2.03 billion, while FrieslandCampina WAMCO Nigeria Plc has transacted 2.3 million units of its securities valued at N279.2 million.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Economy

SEC Postpones Q2 2026 Pre-registration Training, Examination for CMOs

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capital market operators

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.

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Economy

Fidson Lists Additional 600 million Shares on Stock Exchange

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fidson

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.”

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Economy

FG Approves Payments to 1,240 Contractors to Ease Liquidity Pressure

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FG contractors protest

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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