Economy
NASD Sustains Growth by 0.41% at Midweek
By Adedapo Adesanya
Stocks admitted on the NASD Over-the-Counter (OTC) Securities Exchange maintained their winning streak on Wednesday, January 4, with a further 0.41 per cent growth.
This was influenced by Central Securities Clearing System (CSCS) Plc, which offset the poor performance of FrieslandCampina Wamco Nigeria Plc.
Business Post reports that CSCS Plc gained N1.04 during the session to settle at N13.50 per share compared with the previous day’s N12.46 per share, while FrieslandCampina lost N2.88 to close at N67.12 per unit versus Tuesday’s value of N70.00 per unit.
At the close of business, the market capitalization of the alternative bourse in Nigeria went up by N3.8 billion to N937.26 billion from the N933.46 billion it closed in the preceding session.
Also, the NASD Unlisted Securities Index (NSI), which measures the performance of the lesser exchange, improved by 2.89 points to wrap the session at 713.28 points compared with 710.39 points of the previous day.
Investors were upbeat at the market yesterday as they found a reason to acquire more unlisted securities, pushing the activity chart into the green territory.
The volume of securities bought and sold during the session increased by 180.4 per cent to 541,378 units from 193,093 units, the value of shares rose by 381.5 per cent to N81.3 million from N16.9 million, and the number of trades grew by 5.9 per cent to 18 deals from the 17 deals completed a day earlier.
The most traded stock by volume on a year-to-date basis was VFD Group Plc with the sale of 321,891 units valued at N78.5 million, trailed by FrieslandCampina Wamco Nigeria Plc with 274,277 units valued at N18.5 million, and UBN Property Plc with a turnover of 100,000 units worth N81,000.
Also, VFD Group Plc was the most active stock by value (year-to-date) as it closed with a turnover of 321,891 securities worth N78.5 million, followed by FrieslandCampina Wamco Nigeria Plc Plc with 274,277 units valued at N18.5 million, and 11 Plc with 4,754 units worth N732,116.
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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