Economy
Nigeria’s Unlisted Securities Market Opens Week Bearish
By Adedapo Adesanya
Unlisted securities traded on the floor of the NASD Over-the-Counter (OTC) Securities Exchange took a fall by 0.23 per cent on Monday, December 14.
The day’s outcome came on the back of a negative price movement recorded by Niger Delta Exploration and Production (NDEP) Plc.
The equity price of the oil and gas investment company depreciated by N6.94 or 2.2 per cent to close at N305 per unit as against N311.94 per unit it previously sold.
This had an effect on the NASD unlisted securities index (NSI), which dropped 1.70 points from the previous closing value of 733.77 points to close at 732.07 points.
In the same vein, it reduced the bourse’s market capitalisation by N1.26 billion to settle at N544.15 billion in contrast to the preceding value of N545.41 billion.
During the session, there was a rise in the trading volume as investors transacted 300,821 shares, 1,661.3 per cent higher than the 17,080 shares traded last Friday.
These securities were exchanged in four deals, 33.3 per cent higher than the three deals when the market last opened for trading activities.
A further breakdown showed that the four deals executed by market participants yesterday were carried out on three securities belonging to NDEP Plc, which accounted for two deals; Food Concepts Plc, which accounted for a deal; and Central Securities Clearing Systems (CSCS) Plc, which also accounted for one deal.
All these transactions recorded on Monday at the unlisted securities market amounted to N18.1 million in contrast to the N1.02 million achieved last Friday, representing a rise by 1,676.6 per cent.
ARM Life Plc remained as the most traded stock by volume (year-to-date) with 7.4 billion units of its shares worth N4.6 billion, while CSCS Plc was in second place with 208.7 million units traded at N2.8 billion, with Food Concepts Plc in the third place after the sale of 152.2 million units of its stocks worth N109.5 million.
In terms of the most traded stock by value (year-to-date), ARM Life Plc still retained the top spot for trading 7.4 billion units worth N4.6 billion. The day’s sole price loser, NDEP Plc, followed with the sale of 11.9 million units of its securities worth N3.7 billion, while CSCS Plc has exchanged 208.6 million shares valued at N2.8 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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