Economy
NASD OTC Market Closes Flat as Activity Level Drops
By Adedapo Adesanya
Investor confidence at the NASD Over-The-Counter (OTC) Securities Exchange was very low on Tuesday, December 24, 2019 as the market recorded sharp drop in the level of activity.
Business Post reports that the volume and value of shares traded by investors at the market during the session went down significantly as the key parameters of the exchange closed at their previous levels.
The market capitalisation remained at N501.14 billion at the close of transactions on Tuesday, while the NASD Unlisted Security Index (NSI) remained stagnant at 697.54 points.
However, the total volume shares traded during the trading day reduced by 57.1 percent or 237,086 units to 177,914 shares against the 415,000 units exchanged at Monday’s session.
In addition, the value of transactions recorded by investors at the days’ session decreased by 96.3 percent or N129.5 million to N4.9 million from N134.4 million at the previous day. But the number deals executed rose by 50 percent or one deal as a total of three deals were recorded on Tuesday in contrast to the two deals printed on Monday.
Like in the previous trading session of this week, the NASD Exchanged closed on Tuesday with no price gainer or price loser. The prices of stocks at the market remained at their previous levels.
Central Securities Clearing System (CSCS) Plc closed as the most active stock by value (year-to-date) with 202,272,698 units worth N2.53 billion, while UBN Properties Plc followed with 884,529,600 units valued N1.2 billion.
On the other hand, Food Concept Plc finished on Tuesday as the most traded stock by volume (year to date) with 1,158,949,954 units of its security valued at N844.1 million, while UBN Properties followed with 941,820,697 units worth N1.27 million.
After Tuesday’s session, the NASD Exchange closed for business on Wednesday for Christmas and will remain shut on Thursday for the Boxing Day holiday as declared by the federal government. Activities are expected to resume on Friday.
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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