Economy
NASD Market Cap Rises N5.7bn After Stalemate for Two Days
By Adedapo Adesanya
After closing flat for two straight days, the NASD Over-the-Counter (OTC) Securities Exchange appreciated by 0.81 per cent on Wednesday.
The growth witnessed yesterday was driven by the positive price movement in the shares of FrieslandCampina WAMCO Nigeria Plc, one of the bellwethers of the exchange.
The equity value of the milk maker increased by N5.67 or 4.5 per cent at the midweek session to close at N133 per share in contrast to N127.33 per share it traded at the previous session.
The appreciation in the stock price of the firm expanded the market capitalisation of the bourse by N5.71 billion to close the day at N533.38 billion versus the preceding day’s N529.09 billion.
Also, it increased the NASD Unlisted Securities Index (NSI) by 3.97 points on Wednesday to 743.36 points from 737.39 points of the previous session.
During the session, the volume of shares traded by investors increased by 2,080.1 per cent to 45,783 units compared with the 2,100 units recorded on Tuesday.
These trades were made in five deals compared to the single deal of the preceding day, signifying 400.0 per cent rise in the number of deals.
The transactions, according to data from the exchange, amounted to N5.0 million compared with N289,800 achieved on Tuesday, representing an increase by 1,627.9 per cent.
Business Post reports that the market recorded a price loser yesterday and this was Central Securities Clearing Systems (CSCS) Plc, which lost 25 kobo or 1.5 per cent to end the day at N16 per unit in contrast to N16.25 per unit it was sold a day earlier.
At the close of business, UBN Property remained the most active stock (year-to-date) at the bourse for trading 15.1 million units of its shares for N16.3 million. CSCS Plc was in second place with 1.4 million units worth N22.2 million, while FrieslandCampina WAMCO Nigeria Plc held the third position with 715,645 units of its shares worth N89.1 million.
The highest number of stocks traded by value on a year-to-date basis was FrieslandCampina with 715,645 units of its securities traded for N89.1 million. The Niger Delta Exploration and Production (NDEP) Plc was in the second spot with 247,954 units of its securities valued at N86.2 million, followed by CSCS Plc with 1.4 million units valued at N22.2 million.
Economy
SEC Postpones Q2 2026 Pre-registration Training, Examination for CMOs
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.
Economy
Fidson Lists Additional 600 million Shares on Stock Exchange
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.”
Economy
FG Approves Payments to 1,240 Contractors to Ease Liquidity Pressure
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.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
