Economy
NASD OTC Exchange Opens Week with 0.44% Growth
By Adedapo Adesanya
The new week opened bullish at the NASD Over-the-Counter (OTC) Securities Exchange on Monday as the market rose 0.44 per cent spurred by gains from two bellwethers.
Stocks prices of both Central Securities Clearing Systems (CSCS) Plc and FrieslandCampina WAMCO Nigeria Plc appreciated at the session.
CSCS Plc saw a price gain of 40 kobo or 2.9 per cent to close at N13.90 per share in contrast to N13.50 per share it closed at the previous session, while FrieslandCampina WAMCO Nigeria moved up by 30 kobo or 0.25 per cent to close at N121.30 per share as against N121 per share it ended at the preceding session.
On the other hand, there was no single decliner at the Monday session.
But the gains by CSCS and FrieslandCampina pushed up the NASD unlisted securities index (NSI) by 3.12 points to 710.89 points from 707.77 points. It also increased the bourse’s market capitalisation by N1.22 billion to N522.19 billion from N520.97 billion.
The session saw a total of 134,723 shares transacted, 98.7 per cent lower than the 10.3 million units transacted at the last session.
There were 13 deals executed during the session at the exchange compared with five deals made last Friday, representing 160 per cent growth.
These deals were executed on securities belonging to FrieslandCampina Plc with nine deals while CSCS Plc recorded three deals with Afriland Properties having a single deal.
At the previous session, the value of transactions totalled N42.3 million but on Monday, it went down by 86.9 per cent to N5.6 million.
ARM Life Plc remained as the most traded stock by volume (year-to-date) yesterday with 7.4 billion units of its shares traded for N4.6 billion, while CSCS Plc was in second place with 197.0 million units traded at N2.6 billion, with Food Concept Plc in third place with 125.0 million units traded at N88 million.
In terms of the value of trades (year-to-date), ARM Life Plc still retained the top position with 7.4 billion units worth N4.6 billion. CSCS Plc followed with 197 million units transacted for N2.6 billion, while Niger Delta Exploration and Production (NDEP) Plc has traded 7.9 million units worth N2.4 billion.
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.
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