Economy
NASD Securities Market Extends Loss by 0.03%
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded a marginal slide of 0.03 per cent to remain in the red territory on Wednesday, April 26.
In the preceding session, the market dropped 1.44 per cent and this continued into the midweek session with the NASD Unlisted Securities Index (NSI) losing 0.25 points to wrap the session at 727.90 points compared with 728.15 points in the previous session.
Similarly, the sum of N350 million was sliced from the market capitalisation of the bourse to close the session at N1.006 trillion from N1.007 trillion.
The unlisted securities market recorded a price loser and a price gainer during the trading session, with Central Securities Clearing System (CSCS) Plc depreciating by 7 Kobo to close at N13.00 per share compared with the previous day’s N13.07 per share, as Afriland Properties Plc appreciated yesterday by 4 Kobo to close at N2.30 per unit, in contrast to Tuesday’s closing value of N2.26 per unit.
During the session, the volume of securities traded at the bourse went down by 60.0 per cent to 2.8 million units from the 7.0 million units quoted at the Tuesday session.
Also, the value of shares traded at the session went down by 56.2 per cent to N7.6 million from the N17.3 million achieved a day earlier.
These transactions were carried out in seven deals, in contrast to the 12 deals executed in the preceding trading session, indicating a decline of 41.7 per cent.
Geo-Fluids Plc remained the most traded stock by volume (year-to-date) with the sale of 820.8 million units valued at N1.3 billion, Industrial and General Insurance (IGI) Plc stood in second place with 615.6 units worth N48.6 million, while UBN Property Plc was in third place with 369.8 million units valued at N313.0 million.
The most traded stock by value (year-to-date) was VFD Group Plc as it has transacted 10.4 million units worth N2.4 billion, Geo-Fluids Plc followed with 820.8 million units worth N1.3 billion, and FrieslandCampina Wamco Nigeria Plc was in third place with 4.6 million units valued at N320.4 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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