Economy
Unlisted Securities Market Starts October on Negative Note, Loses 0.20%
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange commenced the first trading session in October 2023 on the wrong foot after it shed 0.20 per cent on Tuesday.
The unlisted securities market closed its doors to traders on Monday because of the public holiday declared by the federal government to mark Nigeria’s 63rd Independence Day.
When the market opened for business yesterday, it shrank due to the losses posted by the duo of FrieslandCampina Wamco Nigeria Plc and Nipco Plc, outweighing the rise in Central Securities Clearing System (CSCS) Plc.
FrieslandCampina depreciated by N1.60 to close the day at N73.30 per share versus last Friday’s N74.90 per share, and Nipco Plc declined by N8.50 to close at N86.50 per unit, in contrast to the preceding session’s N95.00 per unit.
As for the sole gainer, CSCS Plc, it recorded a 50 Kobo improvement to finish at N18.00 per share compared with the preceding closing price of N17.50 per share.
At the close of business, the NASD Unlisted Securities Index (NSI) went down by 1.63 points to end the day at 814.02 points as against the 815.65 points it recorded at the previous session, while the market capitalisation depleted by N1.22 billion to close at N1.104 trillion versus last Friday’s N1.105 trillion.
During the trading day, the volume of securities traded at the bourse went down by 49.70 per cent to 116,434 units from 231,488 units of securities, and the number of deals shrank by 52.6 per cent to nine deals from the 19 deals achieved in the preceding trading session, while the value of shares bought and sold rose by 2.7 per cent to N15.1 million from N14.7 million.
The most traded stock by volume (year-to-date) was CSCS Plc with the sale of 1.1 billion units for N22.2 billion, trailed by UBN Property Plc with 946.2 million units valued at N942.2 million, and Geo-Fluids Plc with 667.3 million units worth N1.2 billion.
Also, CSCS Plc was the most traded stock by value (year-to-date) with 1.1 billion units worth N22.2 billion, trailed by VFD Group with 26.6 million units valued at N5.9 billion, and Aradel Holdings Plc with 6.2 million units valued at N2.2 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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