Economy
Business Hallmark Honours NSE Chief Oscar Onyema
By Modupe Gbadeyanka
Chief Executive Officer (CEO) of the Nigerian Stock Exchange (NSE), Mr Oscar Onyema, was last Saturday in Lagos honoured at an award ceremony.
The stock market chief was given the Professional Excellence Award – Capital Market Category at the Business Hallmark People of the Year Awards, which took place at the Civic Center, Lagos on Saturday, September 30, 2017.
He was recognized for his outstanding achievements, especially in evolving and implementing policies which have contributed enormously towards professionalizing and restoring confidence in the capital market in the country.
According to the Business Hallmark Newspapers, organisers of the Business Hallmark People of the Year Award, “Today, the transformation project of the stock exchange has yielded positive dividends across all indices despite an extremely challenging operating environment.
“The NSE brand has become globally competitive, attaining full membership of key international exchange associations whilst also instituting a Corporate Governance Rating System for listed companies.”
Receiving the award, Mr Onyema said, “I am honoured to receive this award. I share this honour with the great team at NSE, who continue to share the vision of building a foremost Exchange that is driven by regulation, efficiency, liquidity and innovation. They continue to make significant contributions to the capital market.
“About 6 years ago, I took the decision to return home to contribute towards the development of the Nigerian capital market after over 16 years of working with leading exchanges abroad. I thank the organisers of the award for recognising our modest contributions and be assured this will continue to inspire us to do more.”
Other recipients honoured at the event were Mr Ibrahim Magu, Acting Executive Chairman, Economic and Financial Crimes Commission (EFCC); Mr Peter Amangbo, GMD/CEO, Zenith Bank Plc; Prof. Ishaq Olarewaju Oloyede, Registrar/CEO, Joint Admission and Matriculation Board (JAMB).
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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