Economy
NASD Investors Lose N1.3bn in 35th Trading Week
By Adedapo Adesanya
The 35th trading week of this year at the NASD Over-the-Counter (OTC) Securities Exchange closed on a negative note with a 0.20 per cent loss.
This caused the wealth of NASD investors to deplete by N1.3 billion during the five-day trading week to N638.75 billion from N640.05 billion in week 34, according to data obtained by Business Post.
Also, the NASD unlisted Security Index (NSI) went down by 1.48 points to close the week at 734.9 points in contrast to 736.38 points of the preceding week.
The poor performance of the market was influenced by the decline in the share prices of four companies admitted on the exchange.
Central Securities Clearing System (CSCS) Plc depreciated by 2.9 per cent to sell at N16.17 per share compared with the previous week’s N16.66 per share, UBN Property Plc lost one per cent to trade at 99 kobo per unit versus the prior week’s N1 per unit, Afriland Properties Plc went down by 0.83 per cent to N1.20 per share from N1.21 per share, while Nigerian Exchange (NGX) Group Plc fell by 0.8 per cent to N16.45 per unit from N16.58 per unit.
In the week, the market only saw a price gainer and this was FrieslandCampina WAMCO Nigeria Plc, which rose by 1.3 per cent to N122.52 per share from N121.00 per share of the preceding week.
On the activity chart, there was a 73.6 per cent decrease in the total value of transactions to N95.4 million from N361.2 billion, while the volume of trades went down by 56.0 per cent to 6.0 million units from 13.7 million units, with the number of deals reducing by 17.8 per cent to 106 deals from 129 deals of the previous week.
The most active stocks for the week by volume were NGX Group Plc at 4.2 million units, UBN Property Plc at 1.0 million units, CSCS Plc at 716,884 units, Friesland at 125,775 units and Afriland Properties Plc at 33,806 units.
Also, the most traded equities by value for the week were NGX Group Plc with N67.3 million. Friesland Plc with N14.9 million, CSCS Plc with N11.7 million, UBN Property Plc with N991,500 and VFD Group Plc with N63,319.
On a year-to-date basis, investors at the unlisted securities market have transacted 1,932,548,848 units of securities worth N14.8 billion in 3861 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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