Economy
NASD OTC Exchange Sees 0.41% Loss
By Adedapo Adesanya
There was a 0.41 per cent loss at the NASD Over-the-Counter (OTC) Securities Exchange on Thursday, August 8 amid slight selling pressure.
This brought down the market capitalisation by N8.16 billion to N2.002 trillion from the N2.010 trillion quoted at the previous session, and the NASD Unlisted Security Index (NSI) recorded a slide of 5.95 points to end the day at 1,461.35 points as against 1,467.30 points it recorded at the previous session.
During the session, Central Securities Clearing System (CSCS) Plc lost N1.56 to end at N18.10 per share compared to the previous session’s N19.66 per share, and Aradel Holdings Plc declined by N1.65 to finish at N4,607.45 per unit compared to the N4,609.10 per unit it traded a day earlier.
The volume of securities traded at the bourse yesterday increased broadly by 1,700 per cent to 3.3 million units from the 181,012 units recorded on Wednesday.
Equally, the value of stocks traded by investors at the session rose by 66.9 per cent to N802.5 million from the N480.8 million recorded at the midweek session.
These trades were carried out in 48 deals, in contrast to the 33 deals executed in the preceding trading day, representing a 45.5 per cent increase.
When the market closed for the session, Aradel Holdings Plc remained the most traded stock by value on a year-to-date basis with the sale of 9.0 million units for N28.8 billion. The second spot was taken by Afriland Properties Plc with a turnover of 230.5 million units valued at N4.1 billion, and the third position was occupied by CSCS Plc with a turnover of 105.4 million units worth N2.5 billion.
Also, Capital Hotels Plc retained its spot as the most active stock by volume on a year-to-date basis with 259.6 million valued at N1.3 billion, followed by Afriland Properties Plc with 230.5 million units sold for N4.1 billion, and Industrial and General Insurance (IGI) Plc with 218.8 million units worth N46.1 million.
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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