Economy
Profit-Takers Bring Down NASD Exchange in Final 2024 Trading Session
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange was pulled down by 0.70 per cent by profit-takers in the final trading session of 2024 on Tuesday, December 31.
As a result of this, the bourse’s investors lost N7.29 billion, leaving the market capitalisation at N1.029 trillion compared with the preceding day’s N1.036 trillion.
In the same vein, the NASD Unlisted Security Index (NSI) went down by 21.25 points at the close of business to 3,002.68 points from the 3,023.93 points recorded at the previous session.
Business Post the alternative stock exchange recorded five price losers, with Acorn Petroleum Plc declining by 14 Kobo to trade at N1.40 per share, in contrast to Monday’s closing value of N1.54 per share.
Further, UBN Property Plc lost 16 Kobo to end at N1.82 per unit compared with the previous session’s N1.98 per unit, Central Securities Clearing System (CSCS) Plc weakened by 90 Kobo to N21.00 per share from N21.90 per share, 11 Plc lost N4.00 to close at N211.00 per unit versus the previous day’s N215.00 per unit, and FrieslandCampina Wamco Nigeria Plc crashed by 39 Kobo to finish at N40.61 per share, in contrast to the preceding session’s N41.00 per share.
Conversely, Industrial and General Insurance (IGI) Plc appreciated by 2 Kobo to end the session at 17 Kobo per unit compared with Monday’s closing price of 15 Kobo per unit, Air Liquide Plc improved by 80 Kobo to N8.80 per share from the preceding closing rate of N8.00 per share and Geo-Fluids Plc rose by 29 Kobo to sell at N3.34 per unit versus N3.05 per unit.
Yesterday, the volume of securities traded in the final session of the year depreciated by 0.64 per cent to 2.68 million units from 2.70 million units, and the value of shares traded yesterday went down by 37.50 per cent to N9.2 million from N14.7 million, while the number of deals increased by 59.1 per cent to 35 deals from 22 deals.
Aradel Holdings Plc, which exited the market a few months ago, remained the most active stock by value (year-to-date) with 108.7 million units worth N89.2 billion, trailed by Okitipupa Plc with 752.4 million units valued at N7.8 billion, and Afriland Properties Plc with 297.7 million units sold for N5.3 billion.
Also, Geo-Fluids Plc remained the most active stock by volume (year-to-date) with 1.7 billion units worth N4.0 billion, trailed by Okitipupa Plc with 752.4 million units valued at N7.8 billion, and Afriland Properties Plc with 297.7 million units sold for N5.3 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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