Economy
Unlisted Securities Exchange Suffers 0.20% Loss at Midweek
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.20 per cent decline on Wednesday, February 5, with the market capitalisation going down by N3.50 billion to N1.779 trillion from the N1.782 trillion it ended a day earlier, and the NASD Unlisted Security Index (NSI) losing 6.19 points to settle at 3,140.55 points, in contrast to the previous day’s 3,146.74 points.
The loss suffered by the unlisted securities exchange was caused by a fall in the price of Central Securities Clearing System (CSCS) by N1.83 as its value ended at N22.00 per share versus Tuesday’s closing price of N23.83 per share.
It upturned the gains recorded by four other stocks on the trading platform.
Business Post reports that Food Concepts Plc appreciated by 14 Kobo to N1.56 per unit from N1.42 per unit, Industrial and General Insurance (IGI) Plc gained 2 Kobo to quote at 40 Kobo per share versus 38 Kobo per share, Mixta Real Estate Plc improved by 13 Kobo to N2.96 per unit from N2.83 per unit, and Afriland Properties Plc rose by 27 Kobo to N16.52 per share from N16.25 per share.
Yesterday, the volume of transactions went up by 19.3 per cent to 10.1 million units from 8.5 million units, the value of trades depreciated by 0.6 per cent to N13.5 million from N13.6 million, and the number of deals decreased by 41.4 per cent to 17 deals from 29 deals.
At the close of business, Impresit Bakolori Plc was the most active stock by value (year-to-date) with 519.5 million units worth N504.3 million, FrieslandCampina Wamco Nigeria Plc was in the second position with 6.2 million units valued at N245.0 million, and Geo-Fluids Plc was in third with 9.3 million units sold for N44.8 million.
Similarly, Impresit Bakolori Plc was also the most active stock by volume (year-to-date) with 519.5 million units worth N504.3 million, trailed by IGI Plc with 42.4 million units sold for N12.9 million, and Geo-Fluids Plc with 9.3 million units valued at N44.8 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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