Economy
Value of Unlisted Shares in Nigeria Rises 1.51%
By Adedapo Adesanya
The unlisted securities market in Nigeria appreciated by 1.51 per cent on Tuesday on the back of the gains reported by three stocks on the platform.
The demand for the three stocks on the NASD Over-the-Counter (OTC) Securities Exchange yesterday lifted the bourse from the flat territory it landed the preceding session.
At the close of transactions, the NASD Unlisted Securities Index (NSI) increased by 10.75 points to 721.48 points from the 710.73 points it closed the previous session.
Likewise, the market capitalisation of the NASD Exchange increased by N7.64 billion to close the day at N512.84 billion in contrast to N505.26 billion it finished a day earlier.
Business Post reports that the unlisted shares responsible for the day’s positive performance were VFD Group Plc, FrieslandCampina WAMCO Nigeria Plc and Central Securities Clearing Systems (CSCS).
The share price of CSCS rose by 28 kobo or 1.9 per cent to N14.83 per unit from N14.55 per unit, Friesland gained N5.40 or 4.3 per cent to close at N130.90 per share in contrast to N125.50 per share, while VFD Group grew by N11.42 or 9.9 per cent to sell at N127 per share compared to the previous N115.58 per share.
On the activity chart, investors traded 669,100 units of shares, 197,858.6 per cent higher than the 338 units transacted at the previous session.
These trades were made in 16 deals, 1,500.00 per cent higher than the one deal recorded on Monday and they were carried out on CSCS Plc (12 deals), VFD Group Plc (2 deals) and Friesland (2 deals).
The transactions were worth N22.3 million, 20,546.1 per cent higher than the N108,160 achieved at the previous session.
It was observed that the market closed the second trading session of the week with no price decliner.
But UBN Property remained as the most active stock by volume (year-to-date) for trading 21.9 million units of its shares for N24.6 million. CSCS Plc was in second place with 7.6 million units worth N117.5 million, while Friesland held the third position with 2.9 million units of its shares worth N363.6 million.
However, the most traded stock by value (year-to-date) was Friesland with the sale of 2.9 million units of securities valued at N363.6 million. NDEP Plc remained in the second spot with 697,187 units of its securities valued at N222.4 million followed by CSCS Plc with 7.6 million units valued at N117.5 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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