Economy
Forex Inflow via CBN Rises 43% to $12.5b in H2 2016
By Modupe Gbadeyanka
The Central Bank of Nigeria (CBN) has revealed that the foreign exchange inflow through it rose by 42.9 percent above the level in the first half of 2016 to $12.45 billion.
This, it explained, was as a result of increases in crude oil and non-oil export earnings.
In its Financial Stability Report, the apex bank said further that receipts from crude oil sales rose by 22.7 percent to $5.66 billion, in the first half of 2016.
This, it added, was due to the gradual increase in domestic production and international crude oil prices, pointing out that the non-oil receipts rose by 65.5 percent to $6.79 billion in the second half of 2016, due mainly to increase in other official receipts.
The report, analysed by Business Post, further said the total autonomous inflow rose by 0.7 percent to $20.58 billion, compared to the level in the first half of 2016 due mainly to rise in invisibles by 2.5 percent, of which 62.3 percent was accounted for by ordinary domiciliary accounts
The CBN also said the provisional cumulative inflow of foreign exchange into the economy, at $33.02 billion, was 13.3 percent above the level in the first half of 2016.
Of this amount, inflow through autonomous sources accounted for 62.3 percent, while inflow through the CBN accounted for 37.7 percent.
Total foreign exchange outflow from the economy rose by 14.8 percent to $13.64 billion from the level in the first half of 2016.
The rise in outflow was mainly attributed to the increase in the interbank forwards settled in the second half of 2016, it said.
The economy recorded a net foreign exchange inflow of $19.38 billion, representing 12.21 percent rise above the level in the first half of 2016, the report added.
The central bank report also stated that foreign exchange outflow through it rose by 15.5 percent to $12.39 billion, above the level in the first half of 2016.
Of this amount, interbank utilization accounted for $7.99 billion, of which inter-bank forwards, inter-bank sales and others stood at $4.17 billion (52.14 percent), $0.72 billion (8.92 percent) and $3.11 billion (38.9 percent), respectively.
Overall, the total foreign exchange transactions through the Bank resulted in a net inflow of $0.58 billion in the second half of 2016, compared with a net inflow of $0.96 billion in the corresponding half of 2015. This is, however, in contrast to a net outflow of $2.03 billion in the first half of 2016.
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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