Economy
NDEP, CSCS Spur 0.6% Rise at Unlisted Securities Exchange
By Adedapo Adesanya
The bull remained on the floor of the NASD Over-the-Counter (OTC) Securities Exchange on Friday, March 4, following a 0.6 per cent rise.
The favourable outcome came on the back of gains recorded by Niger Delta Exploration and Production (NDEP) and Central Securities Clearing Systems (CSCS) Plc.
NDEP Plc made a N10 or 5 per cent rise to close at N200.00 per unit as against N190.00 per unit it closed a day earlier, while CSCS Plc saw its equity grow by 13 kobo or 0.7 per cent to close at N18.41 per unit in contrast to N18.28 per unit it closed at the previous session.
As a result of this, the NASD unlisted securities index (NSI) moved up by 4.33 points to 730.61 points from 726.28 points, while the market capitalisation gained N3.66 billion to wrap the day at N618.66 billion compared with N615 billion it was quoted on Thursday.
At the market yesterday, the trading volume slid by 99.2 per cent as a total of 121,500 units of shares exchanged hands compared with 15.2 million units transacted on Thursday.
At the close of business, the trading value depreciated by 31.9 per cent to N5.9 million from the previous day’s turnover of N8.6 million, while the number of deals depreciated by 55.6 per cent as only four deals were carried out compared to the nine deals executed at the previous session.
CSCS Plc remained as the most traded security by volume on a year-to-date basis with 656.7 million units sold for N13.8 billion. AG Mortgage Plc came next with 32.0 million units valued at N16.7 million, while NASD Plc came in third place as it has so far traded 21.9 million units of stocks valued at N215.7 million.
Also, CSCS Plc was also the most active stock by value on a year-to-date basis with the sale of 656.7 million units worth N13.8 billion, followed by VFD Group Plc with 916,161 units worth N331.5 million, and FrieslandCampina WAMCO Nigeria Plc, with the sale of 2.2 million units traded for N264.7 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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