Economy
61.9% Fall in FX Demand Strengthens Naira at Investors Window
By Adedapo Adesanya
The local currency appreciated by 80 kobo or 0.19 per cent against the US Dollar at the Investors and Exporters (I&E) segment of the foreign exchange (forex) market on Thursday.
During the session, the Nigerian Naira was strengthened to N410.70/$1 from N411.50/$1 it traded at the previous session.
The gain printed by the domestic currency at the investors’ window was influenced by a significant decline in the demand for FX yesterday and the availability of hard currencies to meet the requests of customers.
At the close of yesterday’s session, investors exchanged a total of $61.0 million, $99.12 million or 61.9 per cent lower than the previous session’s $160.12 million.
Business Post reports that at the other segments of the market, there was stability as the Naira retained its previously traded rate against the greenback.
At the parallel market, forex traders sold the Dollar to customers at the previous day’s exchange rate of N503/$1. It was a similar situation against the British Pound Sterling as it was traded at N710/£1.
However, at the same unregulated segment of the market, the domestic currency appreciated against the Euro by N3 to close at N595/€1 in contrast to N598/€1 it traded at the midweek session.
At the interbank segment of the forex market, the Naira maintained its previous exchange rate against the US Dollar at N410.16/$1.
Meanwhile, at the cryptocurrency market, out of the seven digital currencies tracked by Business Post on Thursday, only three finished in the green zone.
The Dash (DASH) recorded a 12.3 per cent growth to sell at N74,449.00, Litecoin (LTC) jumped by 1.6 per cent to N71,997.00, while the United States Dollar Tether (USDT) appreciated by 1.6 per cent to sell for N515.90.
But Ripple (XRP) lost 4.9 per cent to sell at N321.25, Tron (TRX) went south by 3.5 per cent to N31.51, Ethereum (ETH) declined by 0.4 per cent to trade at N1,105,581.00, while Bitcoin (BTC) dropped 0.2 per cent to settle at N17,714,205.93.
Economy
SEC Postpones Q2 2026 Pre-registration Training, Examination for CMOs
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.
Economy
Fidson Lists Additional 600 million Shares on Stock Exchange
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.”
Economy
FG Approves Payments to 1,240 Contractors to Ease Liquidity Pressure
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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