Economy
Nigeria’s Unlisted Securities Appreciate by 0.38%
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.38 per cent appreciation on Thursday, June 8, with investors gaining N3.84 billion at the close of transactions.
This was because the market capitalisation of Nigeria’s unlisted securities bourse finished at N1.011 trillion during the session compared with the previous day’s value of N1.007 trillion.
Following the same trend was the NASD Unlisted Securities Index (NSI), which was fortified by 2.78 points to wrap the session at 731.03 points, in contrast to the midweek trading day’s 728.25 points.
The fortification was triggered by 11 Plc, which added N11.94 to its value to close at N131.34 per unit versus Wednesday’s closing price of N119.40 per unit, and FrieslandCampina Wamco Nigeria Plc, which gained 24 Kobo to close at N69.98 per unit versus the N69.74 it finished at the last session.
The duo ensured that the losses posted by two stocks did not overpower the market.
The price of Nipco Plc went down by N2.00 to end at N70.00 per share against N72.00 per share in the previous session while Geo Fluids Plc lost 13 Kobo to end at N2.77 per share versus N2.90 per share.
Yesterday, investors transacted 2.1 million units of shares on NASD, 2,243.3 per cent higher than the 89,903 units of shares traded in the preceding session.
Also, the value of shares traded during the trading day increased by 248.1 per cent to N32.2 million from N9.2 million, as the number of deals grew by 33.3 per cent to 16 deals from 12 deals.
Geo-Fluids Plc closed the market as the most traded equity by volume (year-to-date) with 833.1 million units worth N1.3 billion, IGI Plc occupied second place with 628.3 units valued at N49.5 million, while UBN Property Plc was in third place with 395.9 million units worth N336.6 million.
Similarly, VFD Group Plc closed as the most traded stock by value (year-to-date) with 11.0 million units worth N2.5 billion, Geo-Fluids Plc followed with 833.1 million units valued at N1.3 billion, while FrieslandCampina Wamco Nigeria Plc was in third place with 17.8 million units worth N1.3 billion.
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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