Economy
Profit Taking in Aradel, Two Others Weaken Alternative Stock Market by 4.05%
By Adedapo Adesanya
Investors at the NASD Over-the-Counter (OTC) Securities Exchange embarked on a profit-taking spree on Wednesday, September 18, weakening the alternative stock market by 4.05 per cent at the close of transactions.
Data showed that Aradel Holdings Plc depleted by N590.39 during the trading day to sell at N9,200.00 per unit compared to the previous day’s N9791.10 per unit, Nipco Plc went down by N3.26 to close at N73.25 per share versus Tuesday’s closing price of N76.51 per share, and Central Securities Clearing System (CSCS) Plc depreciated by 20 Kobo to settle at N19.80 per unit, in contrast to the preceding session’s N20.00 per unit.
As a result, the market capitalisation of the bourse lost N127.16 billion to close at N3.009 trillion compared with the previous day’s N3.136 trillion and the NASD Unlisted Security Index (NSI) recorded a deduction of 92.80 points to end the day at 2,195.85 points as against 2,288.65 points it recorded at the previous session.
Business Post reports that Afriland Properties Plc witnessed a price appreciation of N1.59 during the midweek trading session to finish at N17.65 per share versus N16.06 per share, and NASD Plc gained N1.07 to settle at N16.07 per unit compared with the previous session’s N15.00 per unit.
The volume of securities traded at the bourse yesterday decreased by 56.3 per cent to 2.5 million units from 5.8 million units, the value of shares transacted shrank by 35.9 per cent to N715.2 million from N1.1 billion, and the number of deals plunged by 39.8 per cent to 77 deals from 128 deals.
At the close of business, Aradel Holdings Plc was the most traded stock by value on a year-to-date basis with 11.2 million units worth N43.5 billion, followed by Afriland Properties Plc with 293.3 million units worth N5.2 billion, and CSCS Plc with 107.3 million units sold for N2.6 billion.
But the most active stock by volume on a year-to-date basis was Afriland Properties Plc with 293.3 million units sold for N5.2 billion, followed by Capital Hotels Plc with 259.6 million units worth N1.3 billion, and Industrial and General Insurance (IGI) Plc with 221.9 million units valued at N46.7 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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