Economy
Unlisted Securities Shed 0.56% to Extend Stay in Danger Zone
By Adedapo Adesanya
For another trading session, the NASD Over-the-Counter (OTC) Securities Exchange remained in the danger zone after further losing 0.56 per cent on Tuesday.
It was the first trading day in the month of March 2022 and due to the decline in the prices of three stocks, the unlisted securities market closed lower.
Niger Delta Exploration and Production (NDEP) Plc recorded a fall of N16.10 or 8.5 per cent to close at N190.00 per share in contrast to N206.10 per share it closed on Monday, NASD Plc depreciated by 19 kobo or 2.3 per cent to settle at N8.31 per share as against the previous closing price of N8.50 per share, while Central Securities Clearing Systems (CSCS) Plc declined by 9 kobo or 0.5 per cent to trade at N18.13 per unit in contrast to the preceding value of N18.04 per unit.
The depreciation in these stocks squeezed N3.46 billion from the market capitalisation of the bourse to N614.63 billion from N618.09 billion and depleted the NASD Unlisted Securities Index (NSI) by 4.08 points to 725.85 points from 729.93 points.
During the session, there was a 1,322.6 per cent surge in the volume of securities traded by investors as 1.7 million shares were traded compared with the previous day’s 117,850 shares.
Also, the value of stocks transacted by market participants increased by 618 per cent to N13.9 million from the N1.9 million published on Monday, while the number of deals increased by 85.7 per cent to 13 deals as against the seven deals recorded a day earlier.
At the close of business, CSCS Plc remained as the most traded security by volume (year-to-date) with the sale of 656.6 million units valued at N13.8 billion, trailed by NASD Plc with the sale of 21.9 million units worth N215.7 million, and Food Concepts Plc with the sale of 5.0 million units valued at N4.1 million.
The most traded stock by value on a year-to-date basis was still CSCS Plc with a turnover of 656.6 million units worth N13.8 billion, trailed by VFD Group Plc with 916,161 units worth N331.5 million, and FrieslandCampina WAMCO Nigeria Plc with 2.1 million units valued at N258.0 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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