Economy
NASD OTC Market Posts N341m Transactions Friday
By Adedapo Adesanya
Transactions worth N340.8 million were carried out on the trading platform of the NASD Over-the-Counter (OTC) Securities Exchange on Friday, Business Post reports.
This was higher than the N7.2 million worth of trades executed on the OTC market for unlisted securities in Nigeria on Thursday, representing an increase of N333.6 million or 4,612 percent.
During yesterday’s trading session, a total of 1,700,413 units of shares of company on the platform were transacted by investors, higher than the 128,728 units that exchanged hands in the previous day, indicating that the trading volume rose by 1,220.9 percent or 1,571,685 units.
In addition, the total number of deals executed by traders also went up during the day by 137.5 percent or 11 deals to 19 deals from the 8 deals recorded at the previous session.
However, despite the activity level rising at Friday’s session, the major market barometers; the NASD Unlisted Security Index (NSI) and the market capitalisation closed flat.
Business Post reports that while the NSI remained at 706.88 points, the level it was at the previous session, the market capitalisation stayed glued at N507.85 billion, the same figure its was on Thursday.
Unlike on Thursday, the market finished trading activities on Friday with neither price gainer nor price loser.
Food Concept Plc remained as the most traded equity by volume (year-to-date) with the sale of 1,158,828,284 units of its securities valued at N844 billion, while the second position was still occupied by UBN Properties, which has traded 921,918,497 units of its shares worth N1.24 billion at the NASD Exchange.
When this is checked in value terms (year-to-date), then Central Securities Clearing System (CSCS) Plc is still the occupant of the number one spot. The company has transacted 202,272,698 units of its stocks worth N2.53 billion. On the second position is UBN Properties, which has traded 884,529,600 units of its stocks for N1.2 billion.
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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