Economy
FBN Capital Regains Position in Mutual Fund Mgt as FSDH Slips
By Quantitative Financial Analytics
Not too long ago, Quantitative Financial Analytics reported that FBN Capital Asset management lost its position as the second largest mutual fund manager by assets to FSDH Asset Management Ltd.
In the same article, it was predicted that based on historical trend of mutual funds asset under management, FBN Asset Management Ltd might regain the position before long. That has just happened.
Going by available data and information, FBN Capital Asset management now manages 14.61 percent of mutual fund assets which puts it back in the second position as FDSH moves to the 3rd position with 13.84 percent of assets under its management.
The major reason for the shift as revealed by analysis by Quantitative Financial Analytics Ltd is that FBN Capital Asset management attracted an estimated N6.5 billion worth of inflows and N0.812 billion of outflows so far in 2017 while FSDH received an estimated N0.304 billion of inflow and suffered an outflow of N0.345 billion leaving it with a negative net flow and taking its total asset from the 2016-year end value of N34.9 billion to N34.6 billion
It was observed that 99 percent of the inflow to FBN went to FBN Money Market fund taking the fund management company’s AUM to N36.47 billion as at March 3 2017 from the 2016 year end value of N30.7 billion.
In our precious article, it was noted that FBN money market fund had the lowest yield among the three largest money market funds in Nigeria, however, that seems to have changed.
There has been a dramatic increase in the yield being offered on the FBN Money market fund and that could explain why it generated so much inflow within the period under review.
As at March 8, Arm Money Market fund was offering 15.81 percent, Stanbic IBTC Money Market Fund, 17.53 percent, while FBN Money market Fund offered 16.47%
Yields in Nigeria have moderated around 16 percent across all tenors in recent weeks putting the money market funds in a better position to compete for loanable funds but the proposed Savings Bond by the CBN through the DMO (debt Management Office) may increase the competition for retail investors. Until then, FBN is back to second position.
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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