Economy
NASD Investors Gain N5.29bn in Week 11
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange was in positive territory for the fourth straight week as it rose by 0.55 per cent in Week 11.
This boosted the portfolios of NASD investors by N5.29 billion as the market capitalisation of the bourse closed at N961.12 billion compared with the preceding week’s N955.83 billion.
Equally, the NASD Unlisted Securities Index (NSI) increased in the five-day trading week by 4.42 points to wrap up at 731.44 points compared with 727.42 points recorded in the previous week.
In the week, there was a 58.7 per cent increase in the total value of transactions to N228.5 million from N143.9 million, the trading volume, however, went down by 61.1 per cent to 42.1 million units from 108.3 million units, while the number of deals decreased by 6 per cent to 47 trades from the 50 deals achieved a week earlier.
Last week, the market ended with six price gainers and one price loser led by 11 Plc, which fell by 2.6 per cent to settle at N150.00 per unit versus the preceding week’s N154.00 per unit.
On the gainers’ angle, Niger Delta Exploration and Production (NDEP) Plc gained 7.9 per cent to trade at N205 per unit versus N190.00 per unit, Central Securities Clearing System (CSCS) appreciated by 1.9 per cent to end the week at N14.20 per share compared with N13.93 per share, while Afriland Properties Plc improved by 10 per cent to close at N2.09 per unit, in contrast to the previous week’s N1.90 per unit.
Further, Geo-Fluid Plc appreciated by 3.0 per cent to N1.36 per unit from N1.36 per unit, FrieslandCampina Wamco Nigeria Plc gained 1.5 per cent to end at N75.11 per share versus N74.00 per share, and Nigeria Mortgage Refinance Company (NMRC) Plc grew by 4.9 per cent to sell at N5.50 per share versus N5.24 per share.
At the close of the week, NMRC Plc was the most traded stock by volume with 25 million units, Geo-Fluids Plc traded 10.3 million units, UBN Property Plc Plc exchanged 5.5 million units, and Afriland Plc transacted 610,000 units.
In terms of the value of trades in the week, NMRC Plc also topped with N138 million, VFD Group Plc followed with N32 million, 11 Plc posted N23 million, and Geo-Fluids raked in N14 million.
On a year-to-date basis, the NASD OTC Market has witnessed the sale of 612.1 million units of securities valued at N2.52 billion in 690 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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