Economy
Demand Pressure Pulls Down Naira to N411.63/$1 at Investors’ Window
By Ahmed Rahma, Adedapo Adesanya
The Naira witnessed a drop in price against the US Dollar at the Investors and Exporters (I&E) window on Tuesday as it was unable to handle renewed pressure on it.
For the second trading session, the value of the Nigerian currency declined by N2.43 or 0.59 per cent to N411.63/$1 from N409.20/$1 it traded on Monday.
At the close of the market, transactions worth $59.17 million were recorded in contrast to $24.38 of the preceding session, signifying an increase of not less than $34.79 million or 142.7 per cent in the day’s turnover.
However, at the unregulated market, the Naira gained N2 against the American Dollar to settle at N480/$1 as against N482/$1 of the preceding day and gained N3 against the Euro to finish at N580/€1 in contrast to N583/€1 of the previous day.
But the local currency traded flat against the British Pound Sterling to close at N672/£1.
At the Bureaux De Change (BDC) segment of the market, traders still sold the Naira against the Dollar at N395/$1 on Tuesday. Also, the value of the domestic currency against the greenback remained unchanged at the interbank segment of the market at N379/$1.
At the cryptocurrency market on Tuesday, the prices of the major coins tracked by Business Post moved in different directions.
The Ethereum (ETH) appreciated by 0.9 per cent to sell at N1,029,804.30; the Dash (DASH) gained 4.9 per cent appreciation to sell at N146,982.00; while the Litecoin (LTC) improved by 2.9 per cent to trade at N121,432.89.
However, the Bitcoin (BTC) lost 2.0 per cent to trade at N31,809,937.99; the US Dollar Tether (USDT) printed a 9.9 per cent loss to settle at N630.30, the Ripple (XRP) fell by 1.6 per cent to trade at N291.40, while the Tron (TRX) depreciated by 2.8 per cent to sell at N31.70.
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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