Economy
Nigeria’s Unlisted Bourse Extends Rally by 0.02%
By Adedapo Adesanya
Transactions on the floor of the NASD Over-the-Counter (OTC) Securities Exchange further closed positive on Tuesday, March 9.
The unlisted bourse extended its rally yesterday by a marginal growth of 0.02 per cent with the help of an energy firm on the platform, Nipco Plc.
When trading activities closed for the day, the market capitalisation increased by N100 million to settle at N509.85 billion in contrast to N509.75 billion it ended on Monday.
In the same vein, the NASD Security Index (NSI) appreciated by 0.13 points to finish at 710.57 points compared with 710.44 points it closed a day earlier.
As earlier stated, the upward movement in the share price of Nipco by 50 kobo or 0.7 per cent contributed to the extended stay of the bulls at the market on Tuesday. The equity price of the firm ended at N68.50 per unit versus the previous closing price of N68 per unit.
Business Post reports that there was no price loser at the unlisted securities market yesterday.
At the close of trading activities, the volume of shares transacted by investors increased by 1,766.3 per cent to 1.4 million units from the previous day’s 75,500 units.
However, the value of the trades declined by 74.9 per cent to N2.5 million from N9.8 million, while the number of deals increased by 500 per cent to six deals from the single deal recorded at the previous session.
These deals were carried out on UBN Property Plc (three deals), FrieslandCampina WAMCO Nigeria Plc (two deals) and Nipco Plc (one deal).
Further analysis of the activity chart showed that UBN Property Plc was the most active stock by volume (year-to-date) with 16.9 million units of its shares sold for N18.6 million. Central Securities Clearing System (CSCS) Plc was in second place with 4.7 million units worth N74.6 million, while Friesland held the third position with 2.9 million units worth N356.4 million.
In terms of value (year-to-date), Friesland was the most traded stock for transacting 2.9 million units valued at N356.4 million. Niger Delta Exploration and Production (NDEP) Plc trailed with 612,249 units of its securities valued at N198.1 million, while CSCS Plc has traded 4.7 million units worth N74.6 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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