Economy
FBN Holdings Calls for Board Meeting
By Dipo Olowookere
FBN Holdings Plc has asked members of its board of directors to gather for a meeting at the end of this month.
The meeting, according to a notice from the company, will precisely take place on Tuesday, October 27, 2020. The major agenda for the gathering is to consider and approve the financial statements of the organisation for the third quarter of the year.
Companies listed on the Nigerian Stock Exchange (NSE) running the financial year cycle of January to December are expected to file their Q3 earnings by the end of this month and FBN Holdings is one of them.
“This is to inform the public and our stakeholders that the board of directors of FBN Holdings Plc will be meeting to consider the unaudited accounts for the period ended September 30, 2020, on Tuesday, October 27, 2020,” the notice from the financial group said.
As a result of this, the company has placed an embargo on the sale or purchase of its securities at the stock market until 24 hours after the results are made public.
This is to prevent the directors and persons connected to them from taking a trade action that could be to their advantage because of the privilege they have in seeing the financials of the company before other members of the investing community.
“Consequently, there will be a closed period from Monday, October 12, 2020, till 24 hours after the accounts are filed with the exchange, in line with rule 17.18 of Part 2 (Issuer’s Rules) of the NSE’s Rule Book (2015),” the disclosure noted.
Business Post reports that shares of FBN Holdings depreciated on Friday at the exchange by 10 kobo or 1.59 per cent. The equity price closed at N6.20 per unit compared with N6.30 per unit it closed on Thursday.
For several weeks, share price of the company traded within the N5 region and at some points traded below that range. The bull run witnessed late last week and early this week at the stock market pushed the value above N5 to the current N6 region.
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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