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Economy

NASD Investors Helpless as N15bn Vamooses in One Week

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NASD Afriland Investors Call

By Adedapo Adesanya

Investors at the NASD Over-the-Counter (OTC) Securities Exchange were helpless last week as they watched N15 billion vamoose from their portfolio.

At the 21st trading week of the year, four companies cut down the market capitalisation of the exchange to N534.74 billion from N549.74 billion.

In the same vein, the NASD Unlisted Security Index (NSI) reduced by 21.09 points or 2.73 per cent to settle for the week at 752.3 points in contrast to the previous week’s 773.39 points.

In the week, Nigerian Exchange (NGX) Group Plc went down by 9.6 per cent to close at N21.17 per share compared with the previous closing price of N23.42.

Also, FrieslandCampina WAMCO Plc lost 9.5 per cent to trade at N121.23 per unit in contrast to N133.88 per unit it earlier finished, Niger Delta Exploration & Production (NDEP) Plc went down by 3.2 per cent to N292.48 per share from N302.01 per share, while Central Securities and Clearing System (CSCS) Plc fell by 0.4 per cent to N17.53 per unit from N17.60 per unit.

Business Post reports that there was no price gainer in the week but on the activity chart, the value of transactions increased by 2.3 per cent to N744.3 million from N727.3 million.

However, the volume of the trades decreased by 26.3 per cent to 24,815,257 units from 33,678,532 units, while the number of deals increased by 4.9 per cent to 234 deals from the previous week’s 223 deals.

NGX Group was the most traded security by volume with 21.7 million units, followed by CSCS Plc with 1.2 million units, Friesland with 1.2 million units, Lighthouse Financial Services Plc with 425,000 units and NDEP Plc with 305,555 units.

Also, NGX Group was the most active stock by value in the week with N480.6 million, followed by Friesland with N150.5 million, NDEP with N92.4 million, CSCS Plc with N20.6 million and Lighthouse Financial Services Plc with N212,500.

At the close of transactions last week, the unlisted securities market has increased by 1.4 per cent on a year-to-date (YtD) basis, while investors have traded 356.1 million units worth N7.9 billion in 1,874 deals.

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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