Economy
SEC Approves NSE Rulebook on Derivatives Market
By Adedapo Adesanya
The Nigerian Stock Exchange (NSE) has revealed that its rulebook on derivatives market has been approved by the Securities and Exchange Commission (SEC). A statement from the agency said this authorisation was received on Monday, August 19, 2019.
Revealing the timeline of action, the stock exchange body said the draft rules were presented to the Rules and Adjudication Committee of Council at the RAC meeting of November 10, 2017, and approved for exposure to stakeholders for comments.
The NSE added that the draft rules were exposed for stakeholders’ comments from December 2017 to January 2018, after which RAC considered the draft rules, and stakeholders’ comments in February, and approved the draft rules for submission to the National Council of the Exchange.
The council approved the draft rules on March 28, 2018 for submission to SEC and made the submission on April 10, 2018.
The NSE said the rules were put in place to promote and maintain at all times the integrity of the market managed by it, as well as to ensure that the business carried out by means of the NSE platform was conducted in a fair, just and equitable manner so as to afford proper protection of investors.
It added that the rulebook would be binding on members in their relationship with the Exchange, between members in relation to the business and as members of the Exchange with the general public.
Part of the rules stated that all transactions on the Exchange derivatives market would be put to effect automatically on the order book or through the Exchange derivatives trade reporting system.
The NSE, in its rulebook, demanded the provision of accurate information in a timely manner about the member business and trades in a format, electronic or otherwise and the provision of all information in English.
The rulebook stated that the NSE was licensed to bring disciplinary action against a former member pursuant to Rule 3.11.4 of this derivatives rulebook.
It also said members in the derivatives market should ensure strict compliance with the rules, adding that where the Exchange believed there had been a breach of the derivatives rules by a member, it might commence disciplinary action against such member in accordance with the disciplinary procedure of the Exchange.
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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