Economy
Unlisted Securities Traders Lose N81bn in Week 15
By Adedapo Adesanya
The 15th week of trading at the NASD Over-the-Counter (OTC) Securities Exchange was bearish despite operating for only two days after the financial markets in Nigeria went on a three-day break from Tuesday through Thursday for the Eid-el-Fitr holiday.
Business Post reports that the unlisted securities market was down by 5.19 per cent last week, leaving the bourse in the negative territory at the close of transactions for the week.
Consequently, the value of the alternative exchange went down by N81 billion to N1.409 trillion from N1.490 trillion in Week 14, and the NASD Unlisted Security Index (NSI) depreciated by 56.37 points to 1,028.79 points from 1,085.16 points.
There were two price gainers in the two-day trading week and four price losers led by Aradel Holdings Plc, which fell by 15 per cent to N1,700.00 per unit from the previous closing value of N2,000.00 per unit. FrieslandCampina Wamco Nigeria Plc lost 7.1 per cent to close at N65.00 per share versus the previous closing value of N70.00 per share, 11 Plc dipped by 4.6 per cent to N186.00 per unit from N195.00 per unit, and Geo-Fluids Plc declined by 2.4 per cent to N2.49 per share from the previous week’s N2.55 per share.
Conversely, Afriland Properties Plc gained 6.8 per cent in the week to sell for N10.25 per unit versus N9.60 per unit, and Capital Hotels Plc grew by 2.3 per cent to N5.00 per share from N4.89 per share.
In the week, the total volume of transactions rose by 26,474.5 per cent to 230.9 million units from 870,000 units, the value of trades expanded by 412.4 per cent to N1.2 billion from N237.5 million, and the number of deals decreased by 32.7 per cent to 37 deals from 55 deals.
Capital Hotels Plc was the most traded stock by volume last week with 228.6 million units, followed by Central Securities Clearing System (CSCS) Plc with 1.9 million units, Geo-Fluids Plc with 0.27 million units, Afriland Properties Plc with 0.07 million units, and FrieslandCampina Wamco Nigeria Plc with 0.03 million units.
Also, Capital Hotels was the busiest equity by value in the week with N1.1 billion, CSCS Plc traded N400 million, Aradel Holdings Plc posted N300 million, FrieslandCampina Wamco Plc recorded N200 million, and Afriland Properties transacted N1.4 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.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn