Economy
NASD OTC Market Falls 0.79% After CSCS Loss
By Adedapo Adesanya
Transactions on the trading floor of the NASD Over-the-Counter (OTC) Securities Exchange closed bearish as the bears ripped the platform by 0.79 per cent on Wednesday, January 12.
This was caused by the loss printed by Central Securities Clearing Systems (CSCS) Plc as its price depreciated yesterday by N1 or 5.3 per cent to trade at N19.00 per unit compared with N20.00 per unit of the preceding session.
As a result, the market capitalisation of the exchange declined by N5 billion to settle at N631.05 billion compared with N636.05 billion it finished on Tuesday.
Similarly, the decline posted by CSCS affected the NASD Unlisted Security Index (NSI) as it went down by 5.91 points yesterday to settle at 745.23 points as against 751.14 points it recorded at the previous session.
In terms of the participation of investors in trading activities on Wednesday, data showed that the volume of shares exchanged at the midweek session increased by 512.0 per cent to 66,711 units from the 10,900 units transacted a day earlier.
Likewise, there was an upward movement in the value of shares traded at the bourse by 654.9 per cent to N2.4 million from the previous day’s N316,000.
These trades were carried out in nine deals compared with the three deals carried out on Tuesday, indicating a 200 per cent increase.
At the close of business, CSCS maintained its position as the most traded stock by volume on a year-to-date basis with the sale of 529,500 units worth N10.5 million, Friesland Campina WAMCO Nigeria Plc occupied second place with a turnover of 36,644 units valued at N4.3 million, while Nipco Plc was in third place with the sale of 5,308 units worth N334,404.
Also, CSCS ended the session as the most active stock by value on a year-to-date basis with the sale of 529,500 units valued at N10.5 million, Friesland Campina WAMCO Nigeria Plc followed with 36,644 units worth N4.3 million, while Nipco Plc came next with 5,308 units worth N334,404.
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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