Economy
Unlisted Securities Market Weakens 0.06% in Week 49
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange slid into negative territory after it closed lower on a week-on-week basis by 0.06 per cent in the 49th trading week of 2024.
As a result, the market capitalisation closed at N1.056 trillion after about N1 billion evaporated from the preceding week’s N1.057 trillion as the NASD Unlisted Security Index (NSI) went down by 1.75 points to 3,014.91 basis points from the preceding week’s 3,016.66 basis points.
The market breadth index was flat as there were three price losers and three price gainers over the five trading days.
The losers were led by Impresit Bakolori Plc, which lost 10 per cent of its value to end at 45 Kobo per unit against the former value of 50 Kobo per unit, 11 Plc depreciated by 6.5 per cent to close at N215.00 per share versus N230.00 per share, and Afriland Properties Plc recorded a 4.5 per cent slide to end at N16.60 per unit, in contrast to the N17.39 per unit it closed in Week 48.
On the flip side, Okitipupa Plc appreciated by 10 per cent to close at N27.04 per share versus N24.58 per share, FrieslandCampina Wamco Nigeria Plc improved by 2.2 per cent to end at N40.36 per unit compared with the previous week’s N39.51 per unit, and Central Securities Clearing System (CSCS) Plc declined by 2.1 per cent to finish at N23.49 per share versus the earlier week’s N23.00 per share.
In the week, there was a 2,845.3 per cent surge in the total value of trades to N187.7 million from N32.9 million, the volume of equities transacted increased by 14 per cent to 143.9 million units from 6.4 million units, and the number od deals went up by 5.1 per cent to 63 deals from 59 deals.
The most active stock by value last week was Purple Real Estate Plc with N118.4 million, followed by Impresit Bakolori Plc with N57.4 million, 11 Plc raked in N4.1 million, FrieslandCampina Wamco Nigeria Plc posted N3.3 million, and Air Liquide Plc recorded N1.8 million.
By volume, Impresit Bakolori Plc topped with 127.5 million units, followed by Purple Real Estate Plc with 15.9 million units, Air Liquide Plc exchanged 0.234 million units, Acorn Petroleum Plc transacted 0.205 million units, and Afriland Plc traded 0.099 million units.
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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