Economy
Nigerian Oil Futures Bullish as Bonny Light Strikes $66
By Adedapo Adesanya
Nigerian oil futures traded higher on the first day of the week on the back of the trade deal between the United States and China, which is expected to further boost flows between the world’s top two global economies.
Nigeria has three major futures on the international market as all three traded above $65 per barrel on Monday. The Bonny Light, which is in high demand specifically by American and European refineries, was trading up by 46 cents equivalent to 0.70 percent at $66.07 per barrel as at Monday night.
The Brass River and Qua Iboe, both sweet medium light crude, also traded up, as they crossed the $68 mark. The Brass River rose up by 43 cents or 0.63 percent to trade at $68.25 per barrel, while the Qua Iboe was also up by 43 cents or 0.63 percent to trade at $68.50 per barrel on Monday.
The United States and China eased over 18 months trade tensions on Friday with the announcement of a phase one agreement that reduces some U.S. tariffs in exchange for what analysts say would see the Chinese purchases of American farm products and other consumer goods.
The Friday agreement put a stop to the planned additional tariffs on Chinese goods worth $160 billion that the United States was set to impose on its trade rival on Sunday (December 15).
Other key crude futures also made gains on the first day of the week as the international benchmark, the Brent crude oil futures rose 13 cents or 0.2 percent to $65.35 per barrel, while the US West Texas Intermediate (WTI) crude rose 15 cents to settle near a three-month high of $60.22 per barrel.
Prices also drew support on Monday from Chinese data showing industrial output and retail sales growth accelerating more than expected in November as industrial production rose 6.2 percent year-on-year in November, official data from the China National Bureau of Statistics showed on Sunday.
Meanwhile, analysts believe oil prices are expected to keep up the trend due to efforts by the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia to cut production.
The alliance, known as OPEC+, has agreed to lower supply a further 500,000 barrels per day as of January 1, which could boost oil prices as well as stop an expected oil glut next year.
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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