Economy
NSE Slices Share Price of Vitafoam Nigeria by 70 Kobo
By Dipo Olowookere
The share price of one of the publicly listed companies, Vitafoam Nigeria Plc, has been slashed by the Nigerian Stock Exchange (NSE).
The action, which is actually a price adjustment, was taken as a result of the dividend proposed by the board of the organisation.
The company’s leadership has recommended the payment of a cash reward to shareholders and they will get 70 kobo for each of the firm’s equities in their portfolios.
The dividend, which is higher than the 42 kobo per share of the previous year, would be paid after the shareholders approve it at the forthcoming virtual Annual General Meeting slated for March 4, 2021.
The qualification date for the cash reward for the financial year ended September 30, 2020, was last Friday, which caused the price adjustment yesterday.
At the stock market last Friday, the price of the company’s stock closed at N9.30 per unit and at the start of trading on Monday, the value was reduced to N8.60 per unit to reflect the 70 kobo dividend deducted from its share price.
The exchange also sent a notice to stockbrokers yesterday to notify them of the change in the price of Vitafoam.
“The equity price of Vitafoam Nigeria Plc was adjusted [on] February 15, 2021, for a dividend of 70 kobo as recommended by the company’s board of directors.
“The last close price was N9.30, while the ex-div price is N8.60,” the disclosure from the NSE read.
Business Post reports that at the market on Monday, the value of Vitafoam shares closed flat at N8.60 per unit, with a total of 211,138 units worth N1.7 million transacted by investors.
In the past one year, the equity price has traded as low as N3.61 each and as high as N10.05 each.
In the 2020 fiscal year, the firm had a good performance despite the impacts of COVID-19 pandemic on its operating environment and earnings.
Vitafoam grew its turnover last year by 5.2 per cent to N23.4 billion from N22.3 billion, while gross profit appreciated by 25.7 per cent to N11.0 billion from N8.8 billion, with the pre-tax jumping by 61.5 per cent to N5.6 billion from N3.5 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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