Economy
NASD OTC Exchange Slips 0.92%
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange headed south by 0.92 per cent on Tuesday, October 15 on the back of profit-taking by investors.
This contracted the market capitalisation of the bourse by N9.69 billion during the session to N1.039 trillion from N1.049 trillion and brought down the NASD Unlisted Security Index (NSI) by 27.62 points to wrap the session at 2,965.45 points compared with 2,993.09 points recorded in the previous session.
The price of Acorn Petroleum Plc increased during the trading day by 22 Kobo to close at N2.42 per share compared with the preceding day’s N2.20 per share, and Geo Fluids Plc improved its value by 36 Kobo to end at N4.24 per unit versus Monday’s trading session’s N3.88 per unit.
However, Central Securities Clearing System (CSCS) Plc recorded a loss of N2.10 yesterday to end at N21 per unit compared with the previous day’s N23.20 per unit, and Afriland Properties Plc depreciated by 84 Kobo to trade at N17.56 per share, in contrast to the previous day’s N18.40 per share.
Yesterday, investors exchanged stocks totalling 2.2 million units compared with the 765,981 units traded in the preceding session, representing a 182.8 per cent rise. The value of securities transacted on Tuesday increased by 24.6 per cent to N13.8 million from N11.1 million, and the number of deals jumped by 123.5 per cent to 38 deals from 17 deals.
Geo-Fluids Plc remained as the most active stock by volume (year-to-date) with 1.4 billion units worth N3.3 billion, trailed by Okitipupa Plc with 751.3 million units sold for N7.7 billion, and Afriland Properties Plc with 296.4 million units valued at N5.3 million.
Aradel Holdings Plc finished as the most active stock by value (year-to-date) with 108.7 million units valued at N89.2 billion, followed by Okitipupa Plc with 751.3 million units sold for N7.7 billion, and Afriland Properties Plc with 296.4 million units worth 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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