Economy
Investors, Government, Others to Rub Minds at Capital Markets Conference
By Aduragbemi Omiyale
The Nigerian Exchange (NGX) Limited has created an avenue for key stakeholders in the country’s capital market like regulators, government officials, investors and others to rub minds on how to deepen the space.
These stakeholders will converge on Tuesday, November 30, 2021, at Transcorp Hilton Abuja for the inaugural NGX Capital Markets Conference with the theme The Future Ready Capital Market: Innovating for Nigeria’s Sustainable Recovery.
A statement from the exchange said Vice President Yemi Osinbajo will grace the occasion alongside the Speaker of the House of Representatives, Mr Femi Gbajabiamila; and others.
It was further stated that in compliance with COVID-19 protocols, in-person attendance at the conference is by invitation only, while interested persons who wish to attend online via zoom and YouTube can register at https://bit.ly/ngx-cmc2021.
The event is sponsored BUA Group, Central Securities Clearing System Plc (CSCS) and NG Clearing, while the media partners are CNBC Africa, Proshare, Business Day and Nairametrics.
Speaking about the importance of the conference, the CEO of NGX, Mr Temi Popoola, stated that, “The Nigerian capital market plays a critical role in developing the Nigerian economy and, in proxy, the African economy.
“The challenges the capital market encountered during the pandemic have created an opportunity to drive sustainable wealth creation and economic development through policies that foster innovation and digitalisation, addressing severe societal challenges.
“NGX is strategically positioned to invite stakeholders in the capital market to form partnerships that will foster the growth and development of the Nigerian economy.”
Chairman/CEO of BUA Group, Mr Abdul Samad Rabiu, on his part, disclosed that, “The initiative of the NGX to engage key stakeholders in the capital market is a commendable step to revitalising the economy and positioning it to attract greater global flows for sustainable economic recovery.
“We at BUA Group applaud NGX for this great initiative and are pleased to partner in taking this giant stride to chart a path for the future of a resilient Nigerian economy.”
Also commenting, the MD/CEO of CSCS, Mr Haruna Jalo-Waziri, said, “I believe that yielding partnerships in the capital market will better strengthen the industry, create opportunities for more players and support innovation and digitalisation to better drive the Nigerian economy.”
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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