Economy
NASD Investors Gain N9.64bn in One Week
By Adedapo Adesanya
Investors at the NASD Over-the-Counter (OTC) Securities Exchange gained a total of N9.64 billion in the 45th trading week of 2021 and this was triggered by the rise in the share prices of three of the securities on the platform.
According to data from the exchange, the expansion in the wealth of NASD investors last week by 1.7 per cent caused the market capitalisation of the bourse to jump to N625.55 billion from N615.91 billion in week 44.
Also, as a result of this, the NASD Security Index (NSI) went higher by 11.67 points week-on-week to close at 757.16 points in contrast to 745.49 points of the preceding week.
In the week, the value of stocks transacted by investors decreased by 57.0 per cent to N25.8 million from N60.1 million just as the volume of traded stocks went down by 71.7 per cent to 1.1 million units from 3.8 million units, while the number of deals increased by 9.3 per cent to 47 deals from 43 deals.
CSCS Plc was the most traded security by volume last week with 517,118 units. It was followed by NASD Plc with 461,000 units, Air Liquide Plc recorded a sale of 32,950 units, FrieslandCampina Wamco Nigeria Plc recorded 30,890 units, while Afriland Plc traded 17,044 units of its securities.
However, NASD Plc was the most traded stock by value in the trading week with the sale of its shares worth N9.8 million. CSCS Plc followed with N8.9 million, FrieslandCampina Wamco Nigeria Plc transacted N3.9 million, Nipco Plc sold N1.3 million, while NDEP Plc traded N984,083.
In the year so far, investors have bought and sold a total of 12.8 billion securities worth N29.9 billion in 4,761 deals, according to data from the bourse.
On the price movement log, NASD Plc recorded the highest price hike with 20.8 per cent to close at N23.07 per share compared with the preceding week’s N19.10 per share.
Friesland grew by 4.0 per cent to trade at N130.00 per unit versus N125.00 per unit of the earlier week, while CSCS appreciated by 3.6 per cent to quote at N17.61 per share in contrast to N17.00 per share it closed in week 44.
Business Post reports that the market was not without a price loser as Afriland Properties Plc lost 3.6 per cent to trade at N1.07 per unit compared with the previous close of N1.11 per unit.
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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