Economy
Nigeria’s Unlisted Equities Recover 1.27%
By Adedapo Adesanya
The last trading session of the week on the floor of the NASD Over-the-Counter (OTC) Securities Exchange closed on a positive note on Friday with a growth of 1.27 per cent.
The rebound was inspired by three of the unlisted equities; Central Securities Clearing Systems (CSCS) Plc, NASD Plc, and Nigerian Exchange (NGX) Group Plc.
CSCS Plc appreciated by N1.40 or 8.2 per cent to close at N17.00 per unit as against N15.60 per unit, NASD Plc jumped by 46 kobo or 9.0 per cent to close at N5.10 per share in contrast to the previous N4.64 per share, while NGX Group Plc grew by 43 kobo or 2.7 per cent to N16.20 per share from N15.77 per share.
The gains posted by the three stocks lifted the NASD Unlisted Security Index (NSI) by 9.26 points to 737.87 points from 728.61 points it recorded at the previous session and pushed the market capitalisation forward by N8.05 billion to N641.34 billion from N633.29 billion it quoted on Thursday.
At the market yesterday, there was a drop in the volume of securities transacted as investors exchanged 248,620 units compared with the 5.1 million units transacted at the preceding session, indicating a slip by 95.1 per cent.
Likewise, there was a decline in the value of shares traded on Friday as shares worth N3.1 million exchanged hands, 99.7 per cent lower than the N1.0 billion made a day earlier.
These transactions, according to data harvested by Business Post, were carried out in 14 deals compared with the 30 deals carried out the previous day, indicating a decline of 53.3 per cent.
Geo-Fluids Plc, like in the preceding session, ended the session as the most active stock by volume (year-to-date) for trading 1.0 billion units of its shares worth N700.1 billion. NGX Group Plc was in second place with 424.4 million units worth N8.8 billion, while Food Concepts Plc held the third position with 295.2 million units of its shares worth N386.1 million.
In terms of value, NGX Group Plc was the most traded stock on a year-to-date basis with 424.4 million units valued at N8.8 billion. It was followed by VFD Group Plc with 9.4 million units worth N3.1 billion, and FrieslandCampina WAMCO Plc with 8.3 million units valued at N1.0 billion.
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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