Economy
Unlisted Securities Market Closes 1.22% Higher Tuesday
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) rebounded on Tuesday by 1.22 per cent following gains reported by FrieslandCampina WAMCO Plc and Nigerian Exchange (NGX) Group Plc.
The upward movement in the prices of the duo surmounted the 10.8 per cent or 13 kobo loss posted by Afriland Plc, which closed at N1.20 per share compared to N1.33 per share it traded at the last trading session.
Yesterday, Friesland gained 6.1 per cent or N7.42 to close at N122.52 per unit versus the previous N115.10 per unit, while NGX Group appreciated by 2.3 per cent or 38 kobo to sell at N16.50 per share in contrast to the preceding day’s N16.12 per share.
At the close of transactions, the NASD Unlisted Security Index (NSI) increased by 8.79 points to wrap the session at 744.34 points from 735.55 points, while the market capitalisation expanded by N7.81 billion to N646.96 billion from N639.15 billion it closed on Monday.
Business Post reports that investors traded 734,207 units of securities on Tuesday, 85.6 per cent higher than the 395,603 units of securities traded at the preceding session.
Likewise, the value of the shares traded yesterday rose by 211.6 per cent to N23.3 million from N7.5 million, while the number of deals carried out jumped by 15 per cent to 23 deals from 20 deals.
Like in the previous sessions, the most stock by volume (year-to-date) at the unlisted securities market remained Geo Fluids Plc as it has traded 1.0 billion units of its shares for N700.1 million. NGX Group Plc occupied the second spot for transacting 414.7 million units valued at N8.6 billion, while the third place was taken by Food Concepts Plc for exchanging 295 million units worth N386 million.
However, the most active stock by value (year-to-date) as at Tuesday was NGX Group Plc for trading 413.8 million units of securities for N8.3 billion, followed by VFD Group Plc with 6.6 million units of its securities worth N2.2 billion, and Friesland with 8.2 million units worth N1.0 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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