Economy
UBN Property, Two Others Weaken NASD Exchange by 0.25% in Week 44
By Adedapo Adesanya
Three companies; UBN Property Plc, Friesland Campina Wamco Nigeria Plc, and Central Securities Clearing System (CSCS) Plc dragged the NASD Over-the-Counter (OTC) Securities Exchange into the negative territory in the 44th week of trading in 2022.
Last week, the NASD exchange depreciated by 0.25 per cent as a result of the decline in the stock prices of the trio, leaving the NASD Unlisted Securities Index (NSI) to shed 1.8 points to settle at 720.36 points compared with 722.16 points recorded in the previous week.
UBN Property Plc lost 9.8 per cent in the week to close at N1.01 per share, in contrast to week 43’s N1.12 per share, CSCS Plc depleted by 2.9 per cent to N13.50 per unit from N13.90 per unit, and FrieslandCampina fell by 0.1 per cent to N69.95 per share from N70.00 per share.
However, in the week, the share price of NASD Plc appreciated by 5.1 per cent to trade at N14.72 per unit compared with the preceding week’s value of N14.00 per unit.
But the improvement in this share price could not stop the reduction in the market capitalisation of the bourse, as it decreased by N2.36 billion to N948.30 billion from the N950.66 billion it closed a week earlier.
In the week, there was a 66.5 per cent decrease in the total value of transactions to N14.1 million from N41.9 million. The volume of trades also reduced by 67.6 per cent to 341,550 units from 1.1 million units, while the number of deals increased by 12 per cent to 28 trades from 25 trades in the preceding week.
At the close of the week, UBN Property Plc was the most traded stock by volume with 121,000 units, FrieslandCampina followed with 83,829 units, NASD Plc exchanged 50,000 units, CSCS Plc transacted 48,700 units, and NDEP Plc traded 37,800 units.
In terms of the value of trades in the week, NDEP Plc topped with N6.6 million, FrieslandCampina followed with N5.9 million, NASD Plc posted N736,000, CSCS Plc recorded N666,850 while UBN Property Plc posted N122,050.
In the year so far, investors have traded a total of 3.5 billion units in 2,337 deals valued at N27.2 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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