Economy
Nigeria Expecting $10bn Inflows to Ease FX Crunch—Wale Edun
By Adedapo Adesanya
The Minister of Finance, Mr Wale Edun, has said that Nigeria is expected to receive $10 billion in the coming weeks to ease a worrying foreign exchange crisis that has seen the Naira weakened further despite measures to support the market.
Speaking at the Nigerian Economic Summit in Abuja on Monday, Mr Edun said the President Bola Tinubu-led administration has a line of sight on the inflows into the country, which Bloomberg cited will be “in weeks rather than months.”
According to the former banker, the injection of the $10 billion will boost foreign exchange liquidity and aid other measures that have been taken by the Central Bank of Nigeria (CBN) and the federal government in the last few months.
Recall that the CBN earlier this month lifted an eight-year restriction on importers seeking to get foreign exchange from the Nigerian Foreign Exchange Market (NFEM) for the importation of 43 items into the country.
This was among other policy issues that the apex bank says will promote orderliness and professional conduct by all participants to ensure market forces determine exchange rates on a Willing Buyer – Willing Seller principle.
According to the central bank, the FX restrictions instituted by the Godwin Emefiele-led CBN pushed importers into the parallel market, contributing to the surplus demand for FX.
This weakened the parallel-market exchange rate, pushing up prices while contributing to inflation, causing the prices of other goods to increase.
The apex bank said the measure would strengthen its monetary policy tools to become more effective as it would help create a unified, well-functioning market for FX, where pricing is based on a willing-buyer and willing-seller system.
By removing these restrictions, the CBN says it eliminates the need for importers of these products to go to the parallel market, reducing the pressure on the Naira.
If actualised, the $10 billion could help settle a large chunk of the backlogs of the Dollar at the official market placed at $12 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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