Economy
NASD OTC Exchange Records 0.02% Appreciation at Midweek
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed the midweek session with a 0.02 per cent rise, resulting in the market capitalisation increasing by N160 million to remain relatively unchanged at N1.048 trillion.
As for the NASD Unlisted Security Index (NSI), it improved yesterday by 0.48 points to end the day at 2,990.30 points as against 2,989.82 points it recorded at the previous session.
Business Post reports that the market breadth index was flat after the alternative stock market finished with two price gainers and two price losers on Wednesday.
The value of Nipco Plc went up by N13.09 at the close of trading activities to N143.99 per unit from the N130.90 per unit it traded a day earlier and NASD Plc appreciated by 31 Kobo to settle at N15.51 per share compared with Tuesday’s closing price of N15.20 per share.
On the flip side, Geo-Fluids Plc went down by 28 Kobo during the trading day to sell for N3.66 per unit versus the previous day’s N3.84 per unit, and Central Securities Clearing System (CSCS) Plc declined by 25 Kobo to close at N20.00 per share, in contrast to the N20.25 per share it traded a day earlier.
Yesterday, the volume of stocks bought and sold at the NASD OTC exchange decreased by 86.2 per cent to 410,600 units from the 2.9 million units transacted at the last session.
However, the value of securities traded by the market participants increased by 405.1 per cent to N5.96 million from N1.18 million and the number of deals slightly grew by 7.7 per cent to 14 deals from the 13 deals carried out in the preceding trading session.
At the close of business, Geo-Fluids Plc was the most transacted stock by volume (year-to-date) with 1.6 billion units worth N3.9 billion, followed by Okitipupa Plc with 752.2 million units sold for N7.8 billion, and Afriland Properties Plc with 297.3 million units valued at N5.3 million.
Also, Aradel Holdings Plc remained the most traded stock by value (year-to-date) with 108.7 million units valued at N89.2 billion, trailed by Okitipupa Plc with 752.2 million units worth N7.8 billion, and Afriland Properties Plc with 296.7 million units sold for N5.3 billion.
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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