Economy
NASD OTC Bourse Records 6.97% Rise in Week 20
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange showed no sign of slowing down as it extended its stellar run for another week in Week 20 with a 6.97 per cent appreciation.
This expanded the market capitalisation of the alternative bourse by N94 billion to N1.720 trillion from N1.608 trillion quoted in Week 19 and the NASD Unlisted Security Index (NSI) increased by 81.89 points to 1,256.02 points from the 1,174.13 points it ended a week earlier.
Newrest Asl Plc chalked up 21 per cent on a week-on-week basis to end at N21.43 per unit versus N25.93 per unit in the previous week, Aradel Holdings Plc appreciated by 20.2 per cent to close at N3,285.44 per share compared with the previous closing value of N2,732.36 per share, and Mixta Real Estate Plc jumped by 10.4 per cent to N1.80 per unit from N1.63 per unit.
In reverse, Central Securities Clearing System (CSCS) lost 9.5 per cent to end at N19.45 per share versus the previous week’s N21.50 per share, UBN Property Plc shrank by 8.9 per cent to N1.72 per unit from N1.89 per unit, Afriland Properties Plc fell by 4.5 per cent to end at N14.00 per share versus N14.50 per share, and FrieslandCampina Wamco Nigeria Plc depreciated by 0.4 per cent to N50.00 per unit from N50.21 per unit.
The total volume of trades during the week rose by 15.2 per cent to 72.9 million units from 63.3 million units, but the total value of transactions went down by 3.9 per cent to N1.99 billion from N2.07 billion, and the number of deals increased by 38.5 per cent to 252 trades from 182 trades of the preceding week.
Aradel Holdings Plc topped the activity chart by value last week with N1.9 billion, followed by Mixta Real Estate Plc with N126 million, CSCS Plc posted N31 million, FrieslandCampina Wamco Plc recorded N8.0 million and UBN Property Plc recorded N1.0 million.
But Mixta Real Estate Plc was the most traded equity by volume with 69.9 million units, trailed by CSCS Plc with 1.4 million units, UBN Property Plc exchanged 0.75 million units, Aradel Holdings Plc transacted 0.59 million units, and FrieslandCampina Wamco Plc traded 0.17 million units.
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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