Economy
NASD OTC Exchange Sustains Growth by 0.11%
By Adedapo Adesanya
Tuesday’s trading session at the NASD Over-the-Counter (OTC) Securities Exchange closed on a positive note as the unlisted securities market extended its, with the key performance indices pointing north.
The NASD Unlisted Security Index (NSI) appreciated by 0.11 per cent or 0.81 points yesterday to settle at 711.96 points in contrast to the 711.15 points quoted the previous day.
Following the same trend, the market capitalisation gained 0.11 per cent or N600 million to close at N522.99 billion on Tuesday as against the N522.39 billion it finished on Monday.
In the other parameters tracked, the volume of shares transacted by investors equally increased by a whopping 2,274.4 per cent as a total of 204,957 units of shares exchanged hands in the session compared with the previous day’s 8,632 units.
In the same vein, the value of the trades recorded at the market received a 330.7 per cent boost to N3.46 million from N802,598 worth of shares transacted at the week’s opening trading session.
Similarly, the total number of deals executed by market participants went up by six or 120 per cent as a total of 11 deals occurred during the session compared with the five deals of the previous session.
An analysis of these deals showed that Central Securities Clearing Systems (CSCS) Plc recorded the highest number, five, and this helped its share price at the close of the day. The equity price of the company, which was the only price gainer yesterday, rose by 12 kobo or 0.85 per cent to N14.12 per unit from N14 per unit.
Business Post reports that FrieslandCampina WAMCO Nigeria Plc and Niger Delta Exploration and Production (NDEP) Plc recorded three deals each at the bourse on Tuesday.
The most active stock by value (year-to-date) at the NASD OTC market yesterday was ARM Life Plc. The insurer has transacted 7.4 billion units of its securities worth N4.6 billion. It was followed by NDEP Plc, which has traded 8.8 million units of its stocks for N2.7 billion, and CSCS Plc, which has exchanged N201.0 million units valued at N2.7 billion.
In terms of the most traded stock by volume (year-to-date), ARM Life Plc equally topped the chart for transacting 7.4 billion units of its shares worth N4.6 billion, while CSCS Plc followed for trading 201.0 million units worth N2.7 billion, with Food Concept Plc followed in third place for selling 125.1 million units valued at N88.1 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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