Economy
FMDQ Honours Alade, Onyema, Onasanya, Oduoza, Others
By Modupe Gbadeyanka
On Friday, October 27, 2017, FMDQ OTC Securities Exchange (FMDQ) held a befitting cocktail reception and dinner party in honour of the immediate past Chairman of the FMDQ Board of Directors, Mrs Sarah Alade, and six other retired Non-Executive Directors, who served the OTC Exchange until April 28, 2017.
The retired Non-Executive Directors who were also honoured at the event were Mr Olabisi Onasanya, Chairman/Chief Executive Officer, The Address Homes Ltd.; Mr Phillips Oduoza, Chairman, Nova Merchant Bank Ltd.; Mr Yinka Sanni, Chief Executive, Stanbic IBTC Holdings PLC; Alhaji Muhammad Nda, Commissioner/Deputy Chairman, Niger State Planning Commission; Mr Oscar Onyema, Chief Executive Officer, The Nigerian Stock Exchange; and Mr Sadiq Mohammed; Deputy Group Chief Executive Officer, ARM.
The event, which was held at the Intercontinental Hotel, Lagos, was well attended by FMDQ current and inaugural Board of Directors, including the inaugural Chairman, Mr Aigboje Aig-Imoukhuede, shareholders, FMDQ’s members, including Managing Director/CEOs of banks and other financial institutions, regulators, captains of industry, and the financial markets community in general, as invitees turned out in large numbers to honour the special guest of honour, Mrs Sarah Alade, also former Deputy Governor, Economic Policy Directorate, Central Bank of Nigeria, for her immense contributions to not just FMDQ, but to the Nigerian financial markets as a whole.
Welcoming the honourees and guests to the event, Managing Director/CEO of FMDQ, Mr Bola Onadele Koko, in his address, thanked the honourees for their various contributions to the development of FMDQ and by extension, the Nigerian financial markets.
Speaking about Mrs Alade, Mr Onadele noted that she shepherded the establishment of FMDQ, in collaboration with other financial markets stakeholders, and led the OTC Exchange in accomplishing many firsts such as the listings and quotations of Federal Government of Nigeria Bonds and Treasury Bills on the OTC Exchange, the launch of the Naira-settled OTC FX Futures Market, amongst many others.
Messrs Olabisi Onasanya, Phillips Oduoza, Muhammad Nda and Yinka Sanni, were commended for their service on the FMDQ Board Governance and Human Resources Committee, in shaping the corporate governance standards of FMDQ and creating the foundation for FMDQ to aspire to be an employer of choice; Mr Sadiq Mohammed was commended for his service on the FMDQ Board Listings, Markets and Technology Committee, in positioning FMDQ as a reputable market organiser; and Mr Oscar Onyema, for his immense guidance in establishing FMDQ as a platform for listing debt securities and an effective self-regulatory organisation.
The Chief Host and Chairman of the Board of FMDQ, Dr Okwu Joseph Nnanna, represented by the Vice Chairman of FMDQ, Mr Jibril Aku, during his special remarks expressed gratitude to the honourees, on behalf of the OTC Exchange, for their dedication in discharging their duties to FMDQ and affirmed his commitment to fostering a conducive environment for all stakeholders to build on the foundation which was laid by his predecessors.
The keynote speaker, Mr Bismarck Rewane, during his address, celebrated the special guest, Mrs Sarah Alade, as a focused individual and policy maker with very good intellectual depth, who rose through the ranks in the Nigerian public sector without any blemish to her reputation; he also acknowledged the transparency FMDQ has brought to the Nigerian financial markets.
Mrs Sarah Alade, during her remarks, which followed the unveiling of the publication in her honour, ‘A Securities Exchange as an Agent of Change’ (Vol. 2), a special FMDQ literature chronicling the progress of the OTC Exchange during her tenure as Chairman, expressed her appreciation for the opportunity to serve, while commending the other honourees and current Board Members for creating the enabling environment and offering the needed support for ensuring that FMDQ lived true to its founding mandate to empower the financial markets to be innovative and credible, in support of the Nigerian economy.
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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