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Economy

NASD Opens Week Bullish With 0.89% Growth

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NASD Bola Ajomale

By Adedapo Adesanya

The bulls took over the floor of the NASD Over-the-Counter (OTC) Securities Exchange on Monday as the market got off a positive start.

At the end of the day’s trading, the NASD unlisted securities index (NSI) grew by 0.89 per cent or 6.33 per cent from 712.54 points to 718.87 points.

Also, the market capitalisation of the bourse increased by 0.89 per cent or N4.65 billion to N528.06 billion from the preceding N523.41 billion.

However, the trading volume yesterday was in red as it reduced by 74.1 per cent. This was because investors transacted 27,450 units of shares during the session compared with the 106,050 units of securities traded last Friday when the market last opened for business.

In the same vein, the value of the stocks transacted on Monday decreased by 21.8 per cent as N1.4 million worth of trades was carried out in contrast to the N1.7 million worth of securities traded at the preceding session.

However, the number of deals completed during the trading day increased by 25 per cent or a single deal as only five deals were executed yesterday versus four deals last Friday.

These deals were done on securities of Niger Delta Exploration and Production (NDEP) Plc (three deals) and Central Securities Clearing Systems (CSCS) Plc (two deals).

Business Post reports that only one stock recorded a price movement on Monday and it was CSCS Plc, which made an upward movement of 6.9 per cent or 93 kobo to close at N14.50 per unit as against N13.57 per unit of the previous session.

In terms of the most traded stock by volume year-to-date, ARM Life Plc topped the chart on Monday with 7.4 billion units worth N4.6 billion, while CSCS Plc followed for trading 201.7 million units valued at N2.7 billion, with Food Concept Plc in third place after trading 125.1 million units worth N88.1 million.

The most active stock at the NASD by value (year-to-date) was still ARM Life Plc, which has traded 7.4 billion units of its securities valued at N4.6 billion. NDEP Plc trailed for trading 8.8 million units valued at N2.7 billion, while CSCS Plc sat on the third spot after selling 201 million units valued at N2.7 billion.

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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