Economy
NASD Plc Slacks Unlisted Securities Market by 0.11%
By Adedapo Adesanya
The last trading session of the week on the floor of the NASD Over-the-Counter (OTC) ended on a negative note on Friday with a 0.11 per cent depreciation triggered by NASD Plc.
The total value of the unlisted securities market in Nigeria declined by N700 million yesterday to settle at N631.55 billion in contrast to N632.25 billion it closed in the preceding session.
Following the same trend, the NASD Unlisted Securities Index (NSI) slacked by 0.83 points to wrap the session at 745.82 points compared with 746.65 points recorded on Thursday.
Business Post reports that NASD Plc closed as the lone price loser, declining by N1.60 or 10.7 per cent to trade at N14.90 per share compared with the previous closing price of N16.50 per share.
However, there was a price gainer and this was Niger Delta Exploration and Production (NDEP) Plc, which grew by 5 kobo or 0.02 per cent to quote at N234.95 per unit versus the previous day’s N234.90 per unit.
A look at the activity level showed that the market recorded a rise in the volume of securities traded by investors yesterday and this was by 194.4 per cent. A total of 1.3 million units of securities were transacted during the session as against the 427,942 units of securities traded at the preceding session.
Similarly, there was a jump in the value of shares traded yesterday by 304.1 per cent to N30.4 million from Thursday’s N7.5 million, while the number of deals increased by 33.3 per cent to 12 deals from the nine deals executed a day earlier.
When the market closed for the session, Central Securities Clearing Systems (CSCS) Plc retained its position as the most traded stock by volume (year-to-date) with a turnover of 653.7 million units worth N13.7 billion. NASD Plc came next with 2.5 million units valued at N43.9 million, while Dufil Plc came in third place as it has traded 2.0 million units worth N18 million.
CSCS Plc also ended the day as the most traded stock by value (year-to-date) with the sale of 653.7 million units worth N13.7 billion, VFD Group Plc trailed with 916,161 units worth N331.5 million, while NDEP Plc was in the third place with 269,523 units traded for N63.5 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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