Economy
Nigeria’s Unlisted Securities Market Sheds 1.55%
By Adedapo Adesanya
Depreciation in the stock prices of FrieslandCampina WAMCO Nigeria Plc, Central Securities Clearing Systems (CSCS) Plc, and Nigerian Exchange Group depressed the NASD Over-the-Counter (OTC) Securities Exchange on Friday, July 23.
Yesterday, Nigeria’s unlisted securities market depreciated by 1.55 per cent at the close of transactions, with investors losing N10.33 million. This weakened the market capitalisation to N655.73 billion from N666.06 billion it finished on Thursday.
Also, the NASD Unlisted Security Index (NSI) shed 11.88 points at the close of business to end the day at 754.43 points as against 766.31 points it recorded at the previous session.
Business Post reports that Friesland lost 6.6 per cent or N7.92 to settle at N120.08 per share compared to N128.00 per cent of the previous session.
CSCS Plc depreciated by 2.7 per cent or 50 kobo to close at N18.50 per unit in contrast to N19.00 per unit of the preceding day, while NGX went down by 0.3 per cent or 5 kobo to close the day at N17.13 per share versus N17.18 per share it ended on Thursday.
When the market closed for the day, the number of shares transacted by investors increased by 1.1 per cent to 2.6 million units from 2.6 million units, the value of shares rose by 54.1 per cent to N71.7 million from N46.5 million, while the number of deals increased by 19.2 per cent to 31 deals from 26 deals.
With 1.0 billion units of its shares traded for N700.1 million, Geo Fluids Plc ended the session as the most active stock by volume (year-to-date). NGX Group Plc followed with 348.2 million units valued at N7.5 billion, while Swap Technologies & Telecomms Plc occupied third place with 46.6 million units worth N41.0 million.
However, NGX Group finished the session as the most active stock by value (year-to-date) for trading 348.2 million units for N7.5 billion, VFD Group Plc remained in the second spot with 4.1 million units valued at N1.3 billion, while NDEP Plc has traded 3.2 million units valued at N976.2 million.
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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