Economy
ASHON Gets Glory for High Level of Professionalism, Ethics in Capital Market
By Aduragbemi Omiyale
Encomiums have been showered on the Association of Securities Dealing Houses (ASHON) by the Nigerian Exchange (NGX) Limited for enhancing ethical conduct and professionalism in the capital market.
The Chairman of NGX Limited, Mr Abubakar Mahmoud, while speaking at the closing gong ceremony on Monday in Lagos to commemorate the return of members of the ASHON to the trading floor of the exchange, commended the strategic role the group played in providing professional guidance and enforcing ethical standards to guide the stockbroker community.
Represented by a director on the board of NGX, Mr Kamarudeen Oladosu, the Chairman said the event served as a recognition of the “remarkable contribution of the Association to a dynamic, responsive, and vibrant capital market that has sustained service delivery to stakeholders and value to the investing public.”
“We are confident that today’s event would provide an opportunity to renew our partnership, strengthen our relationship and explore new areas of collaboration that are both mutual and beneficial,” he said.
Also commenting, his counterpart at the NGX Group Plc, Mr Umar Kwairanga, lauded members of ASHON for the achievements of the association in raising the standards of skills and qualifications as well as enhancing trust in the financial services sector.
He commended the past chairmen of the organisation for their significant contribution to the capital markets, which have sustained the association on the path of growth and expansion, reiterating the commitment of NGX Group to continue the partnership that would be beneficial to the capital market.
On his part, the Chairman of ASHON, Mr Sam Onukwue, emphasised the importance of the return of full trading activities to the floor of the exchange, noting that it would “rekindle relationships and consolidate the professional traits, characterized by the noble profession — collaboration, respect for one another, and leveraging on the collective knowledge of the market.”
Mr Onukwue stated the trading floor was the “temple of capitalism and provides veritable opportunities to dissect social and economic events,” which was why exchanges like the New York Stock Exchange and others retain trading floors.
He said the association and the stockbroking community would continue collaborating with NGX on growth initiatives.
In his remarks, the chief executive of the NGX, Mr Temi Popoola, noted that the level of professionalism and ethical conduct in the capital market had gone up significantly to measure up to global standards since ASHON was established in 2006 as a national trade group of all dealing members of the now demutualised Nigerian Stock Exchange (NSE).
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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