Economy
Nigeria’s OTC Securities Exchange Appreciates 0.92%
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange ended with a 0.92 per cent growth on Monday, January 6 as investors rebalance their portfolios.
Five stocks trading at Nigeria’s OTC securities exchange influenced the positive outcome yesterday, with the value of the bourse growing by N9.58 billion to N1.056 trillion from the N1.046 trillion it ended last Friday.
In the same vein, the NASD Unlisted Security Index (NSI) increased at the close of business by 27.95 points to 3,080.29 points from the 3,052.34 points recorded at the previous session.
11 Plc jumped during the day by N23.21 to N255.31 per share from N232.10 per share, Acorn Petroleum Plc expanded by 14 Kobo to sell at N1.54 per unit versus N1.40 per unit, Industrial and General Insurance (IGI) Plc went up by 2 Kobo to settle at 22 Kobo per share compared with the preceding day’s 20 Kobo per share, Afriland Properties Plc added 13 Kobo to close at N16.12 per unit versus N15.99 per unit, and FrieslandCampina Wamco Nigeria Plc chalked up 24 Kobo to quote at N40.00 per share, in contrast to last Friday’s N39.76 per share.
On Monday, the volume of securities traded by investors went down by 83.7 per cent to 1.8 million units from 11.3 million units, and the value of shares traded yesterday depreciated by 63.5 per cent to N20.7 million from the N56.8 million recorded in the preceding session, but the number of deals increased by 7.4 per cent to 29 deals from 27 deals.
FrieslandCampina Wamco Nigeria Plc was the most active stock by value (year-to-date) with 1.8 million units worth N72.4 million, followed by 11 Plc with 12,963 units valued at N3.2 million, and IGI Plc with 10.7 million units sold for N2.1 million.
IGI Plc closed the day as the most active stock by volume (year-to-date) with 10.6 million units sold for N2.1 million, trailed by FrieslandCampina Wamco Nigeria Plc with 1.8 million units valued at N72.4 million, and Acorn Petroleum Plc followed with 1.2 million units worth N1.9 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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