Economy
FMDQ to Attract Low Carbon, Climate Resilient Investments
By Dipo Olowookere
In line with its drive to promote sustainable finance in the Nigerian financial market, the FMDQ Securities Exchange PLC has partnered with other stakeholders in the financial market ecosystem to establish the Financial Centre for Sustainability, Lagos (FC4S Lagos).
This initiative would be used to accelerate the expansion of green/sustainable finance in Nigeria, showcasing Lagos as a key financial centre working towards the implementation of the Sustainable Development Goals (SDGs).
It would also afford the aquatic city an opportunity to draw lessons and insights from more developed financial centres that will aid its adaptation to climate change as well as provide an opportunity to harness the vast investment needs for the transition to a low-carbon and climate resilient economy that supports sustainable growth.
Lagos State Governor, Mr Babajide Sanwo-Olu, launched the FC4S Lagos on Friday, October 4, 2019, at the FMDQ’s business complex, Exchange Place.
The event brought together key financial market stakeholders, regulators, subject-matter experts and other sustainability doyens, including, Ms Jumoke Oduwole, Special Adviser to the President on Ease of Doing Business; Ms Mary Uduk, Acting Director-General, Securities and Exchange Commission (SEC); Prof. Doyin Salami, Vice-Chairman, Governance Board, FC4S Lagos; Mr Sam Egube, Commissioner for Budget and Planning, Lagos State; Dr Rabiu Olowo Onaolapo, Commissioner for Finance, Lagos State; Ms Solape Hammond, Special Adviser to Lagos State Governor on Sustainable Development Goals; Mr Bolaji Balogun, Chief Executive Officer, Chapel Hill Denham; amongst others.
The FC4S Lagos has a mission to position Nigeria as a leading market in sustainability principles through investments, innovation, partnerships and capacity development.
It is structured as an Incorporated Trustee with the aspiration to be independently run and self-funded, with its secretariat based in Lagos and is led by a Governance Board constituting the Chairman, Mr Bola Onadele Koko; Vice Chairman, Prof. Doyin Salami and four Thematic Area Leads.
These leads are Policy & Regulation led by Dr Farouk Aminu; Issuances & Investments led by Mrs Kemi Awodein; Research, Education & Engagements led by Dr Andrew S. Nevin and Legal & Risk Management led by Mr Chidi Mike- Eneh.
FMDQ Exchange currently serves as the Secretariat of FC4S Lagos, coordinating the activities of the financial centre and liaising with the international network towards meeting the overarching objective of promoting green and sustainable finance in Nigeria.
According to the 2018 Nigerian Sustainable Finance Roadmap Report developed by United Nations Environment Programme (UNEP) Inquiry, in collaboration with market stakeholders, Nigeria continues to grapple with a myriad of economic, social and infrastructure challenges on the back of growing rural-urban migration, lack of pipe-borne water, growing housing deficit, deteriorating environmental conditions, heightening security challenges, increased social tension, and inaccessible health and education centres, signalling an annual estimated sustainable finance investment need of up to $92 billion green finance investment required between now and 2030.
The report highlights the fact that annual sustainable finance flow into Nigeria is estimated at just over $8 billion mainly from public sources.
It also states further that to achieve the Nationally Defined Contributions (NDCs) of the Paris Agreement and meet the Sustainable Development Goals (SDGs) by 2030, the opportunity for sustainable finance-related private capital in Nigeria could be roughly 20 times of current flows (i.e. $160 billion).
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.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn