Economy
OTC Securities Exchange Appreciates by 1.85%
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded a 1.85 per cent appreciation on Tuesday, May 21 after three stocks on the trading platform closed higher.
Aradel Holdings Plc witnessed an addition of N310.73 to its share price to finish at N3,423.00 per unit compared with the preceding day’s N3,112.27 per unit.
Further, Afriland Properties Plc gained 17 Kobo to close at N15.57 per share versus the previous day’s closing price of N15.40 per unit, and FrieslandCampina Wamco Nigeria Plc chalked up 52 Kobo to settle at N49.44 per share compared with Monday’s value of N48.92 per share.
As a result of the gains, the market capitalisation of the OTC securities exchange increased by N31.82 billion to close at N1.751 trillion, in contrast to the preceding session’s N1.720 trillion.
Similarly, the NASD Unlisted Security Index (NSI) rose at the close of transactions by 23.24 points to finish at 1,279.10 points compared with the 1,255.86 points recorded in the previous session.
The level of activity waned yesterday as the volume of transactions, the value of trades, and the number of deals carried out decreased.
The volume of shares traded on Tuesday went down by 99.1 per cent to 110,407 units from 11.7 million units, the value of securities bought and sold by investors shrank by 88.7 per cent to N70.6 million from the N662.3 million recorded a day earlier, and the number of deals went down by 80.2 per cent to 21 deals from the 106 deals reported on Monday.
At the close of trades, Aradel Holdings Plc was the most active stock by (year-to-date) with 5.2 million units valued at N11.5 billion, Central Securities Clearing System (CSCS) Plc occupied the second spot with 100.6 million units sold for N2.4 billion, and the third position was taken by Capital Hotels Plc with 228.6 million units worth N1.1 billion.
The most active stock by volume (year-to-date) remained Capital Hotels Plc with 228.6 million units worth N1.1 billion, and the second spot was filled by Mixta Real Estate Plc with 139.8 million units valued at N240.1 million, and the third position was claimed by CSCS Plc with 100.6 million units valued at N2.4 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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