Economy
OTC Exchange Records 6.3% Weekly Gain
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange continued its impressive run in the fifth trading week of the year, posting a week-on-week gain of 6.3 per cent.
The NASD Unlisted Security Index (NSI) rose in the week by 64.66 points to close at 1,088.74 points compared with the 1,024.08 points it ended in Week 4, as the market capitalisation expanded by N88 billion to N1.476 trillion from the preceding week’s N1.388 trillion.
The market breadth index for the week was positive after the alternative stock exchange ended with six price gainers and one price loser.
Aradel Holdings Plc maintained its upward trend after it chalked up 21.1 per cent to close at N2,007 per share compared with the previous week’s N1,657.94 per share, Food Concepts Plc appreciated by 20.7 per cent to trade at N2.22 per unit versus the preceding week’s N1.84 per unit, Acorn Petroleum jumped by 17.7 per cent to N1.00 per unit from 85 Kobo per unit, Nipco Plc grew by 10 per cent to end the week at N79.20 per share compared with the previous week’s N72.00 per share, Afriland Properties Plc gained 4.5 per cent to quote at N3.97 per share versus N3.80 per share, and FrieslandCampina Wamco Nigeria Plc soared by 0.1 per cent to N78.50 per unit from N78.42 per unit, while Industrial and General Insurance (IGI) Plc depreciated by 7.7 per cent to 24 Kobo per share from 26 Kobo per share.
In the week, the value of transactions increased by 119.4 per cent to N346.5 million from N156.6 million, the volume of trades moderated by 28.7 per cent to 6.96 million units from 9.77 million units, and the number of deals went down by 39.2 per cent to 79 deals from 130 deals.
UBN Property Plc was the most traded stock by volume with 52.4 million units, followed by CSCS Plc with 710,300 units, Acorn Petroleum Plc posted 500,o00 units, FrieslandCampina Wamco recorded 191,781 units, and Aradel Holdings Plc reported 152,622 units.
However, Aradel Holdings Plc was the most traded stock by value with N303.7 million, FrieslandCampina Wamco Plc recorded N15.1 million, CSCS Plc reported N13.6 million, UBN Property Plc traded N9.0 million, and Nipco Plc posted N1.1 million.
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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