Economy
Unlisted Stocks in Nigeria Lose 1.6% in First Trade of the Month
By Adedapo Adesanya
The NASD Over-the-Counter OTC Securities Exchange ended the first trading session of the month of November on a bearish note.
The NASD Security Index declined by 1.6 per cent or 11.65 points yesterday to settle at 718.57 points compared with 730.22 points it stood at the last session.
As a result of the presence of the bears at the unlisted securities market on Monday, investors lost N8.55 billion as market capitalisation dropped to N527.84 billion from the previous day’s value of N536.39 billion.
The fall at the bourse was caused by the negative price movement of FrieslandCampina WAMCO Nigeria Plc securities as the milk maker lost N8.97 or 6.4 per cent to close at N131 per unit in contrast to N139.97 per unit it closed last Friday.
A look at the transactions recorded yesterday showed that there was a rise in the number of securities exchanged by investors and this was by a significant value, 1,121.7 per cent. A total of 172,503 units of stocks were traded in the session higher than the 14,120 units traded at the previous trading day.
The value of these securities amounted to N18.6 million, 999.4 per cent higher than the N1.7 million traded at the previous session.
It was observed that these shares were traded in four deals, same as what was recorded at the previous session.
Business Post reports that the four deals of Monday were carried out on two companies; FrieslandCampina WAMCO Nigeria Plc with three deals, and Central Securities Clearing Systems (CSCS) Plc with one deal and the company was the lone price gainer, as its shares rose by 4 kobo to close at N14.05 per unit compared to N14.01 per unit last Friday.
ARM Life Plc closed the session as the company with the highest number of traded stocks (year-to-date). The firm has traded 7.4 billion units of its shares this year worth N4.6 billion.
It was followed by CSCS Plc, which has transacted 203.5 million units worth N2.7 billion, and Food Concept Plc, which has exchanged 125.1 million units valued at N88.1 million.
In terms of the most traded stock by value (year-to-date), ARM Life Plc also remained the number one for transacting 7.4 billion units for N4.6 billion.
Niger Delta Exploration and Production (NDEP) Plc trailed for selling 10.4 million units valued at N2.7 billion, while CSCS Plc, which occupied the third spot, has traded 203.5 million units valued at N2.7 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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