Economy
Naira Strengthens to N742.10/$1 at I&E, Weakens to N952/$1 at P2P
By Adedapo Adesanya
The Naira appreciated against the US Dollar by 4.1 per cent N31.40 at the Investors and Exporters (I&E) segment of the foreign exchange market on Tuesday, September 12, closing at N742.10/$1 compared with the previous day’s N773.50/$1.
Business Post reports that the lingering forex liquidity crisis remained, as the traders are still unable to meet the demand of their customers, though the value of transactions yesterday slightly moved up.
Data obtained from the FMDQ Securities Exchange showed that FX trades for the session stood st $42.26 million, in contrast to the $37.86 million reported a day earlier, representing an increase by $4.40 million or 11.6 per cent.
Also, in the parallel market, the Nigerian currency appreciated against its American counterpart during the trading session by N2 to trade at N930/$1 compared with the preceding day’s value of N932/$1.
However, in the Peer-to-Peer (P2P) arm of the market, the Naira lost N11 against the Dollar on Tuesday to sell at N952/$1 versus Monday’s exchange rate of N941/$1.
But in the official market, the local currency improved its value against the Pound Sterling by N30.44 on Tuesday to sell at N937.11/£1 compared with the previous day’s N967.55/£1 and appreciated against the Euro by N26.04 to trade at N803.44/€1, in contrast to Monday’s closing price of N829.48/€1.
Meanwhile, the crypto market was bullish yesterday as markets weighted optimistic forecasts ahead of US economic data due later on Wednesday.
Bitcoin (BTC) rose close to $26,000 as it appreciated by 0.7 per cent to sell at $25,925.67, Ethereum (ETH) moved up by 0.4 per cent to quote at $1,585.98, Litecoin (LTC) jumped by 0.8 per cent to $59.98, Solana (SOL) increased by 0.6 per cent to $17.85, and Ripple (XRP) recorded a 0.5 per cent gain to trade at $0.4761.
Further, Binance Coin (BNB) rose by 0.5 per cent to $210.11, Binance USD (BUSD) gained 0.04 per cent to settle at $1.00, the US Dollar Tether (USDT) went up by 0.01 rise to $0.9999, while Dogecoin (DOGE) slumped by 0.7 per cent to $0.06079, and Cardano (ADA) fell by 0.3 per cent to $0.2451.
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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