Economy
Value of Unlisted Securities Market Rises to N1.6trn
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed on Wednesday, May 8 with a 3.5 per cent appreciation as the market capitalisation added N54.01 billion to wrap the session at N1.602 trillion compared with the preceding session’s N1.548 trillion.
Also, the NASD Unlisted Security Index (NSI) increased by 39.07 points to wrap the session at 1,169.74 points compared with 1,130.67 points recorded in the previous day.
The positive outcome was influenced by the gains posted by three equities led by Aradel Holdings Plc, which rose by N242.00 to settle at N2,662.00 per unit compared with the preceding day’s N2,420.00 per unit.
In addition, Afriland Properties Plc rose by 50 Kobo to sell at N13.50 per share versus N13.00 per share, and Central Securities Clearing System (CSCS) improved its value by 5 Kobo to close at N21.50 per unit, in contrast to Tuesday’s closing price of N21.45 per unit.
The value of securities traded by investors at the unlisted securities market increased by 121 per cent to N328.9 million from N148.8 million, while the volume of securities transacted at midweek depreciated by 46.8 per cent to 2.7 million units from the 5.1 million units recorded in the previous trading day, with the number of deals going up by 11.1 per cent to 30 deals from the 27 deals executed a day earlier.
The most traded stock by value on a year-to-date basis was Aradel Holdings Plc with a turnover of 4.3 million units valued at N8.6 billion, trailed by CSCS Plc with the sale of 47.9 million units for N1.3 billion, and Capital Hotels Plc with a turnover of 228.6 million worth N1.1 billion.
But the most traded stock by volume on a year-to-date basis was Capital Hotels Plc with the sale of 228.6 million units for N1.1 billion, followed by IPWA Plc with a turnover of 79.9 million units worth N40.0 million, and Geo-Fluids Plc with the sale of 77.0 million units valued at N185.1 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