Economy
Jaiz Bank Adds N36.83b to Stock Market
By Modupe Gbadeyanka
Nigeria’s first Non-Interest financial institution, Jaiz Bank Plc, is now a public quoted company further to the listing by introduction of its ordinary shares of N29,464,249,300 of 50kobo each at N1.25 on The Nigerian Stock Exchange’s Daily Official List on Thursday, February 9, 2016.
To commemorate the listing, Jaiz Bank’s Board and Executive Management, led by its Chairman, Mr Umaru Abdul Mutallab, were honoured with a Closing Gong ceremony to officially close trading on the bourse for the day.
Speaking on the listing, Mr Mutallab said “as a pioneer non-interest bank, we are committed to the economic development of Nigeria and its people. Whilst Islamic banking is at the core of how we render services, we shall offer all things to all people.
“Our array of offerings underpin our resolve to be a competitive brand that is tune with the global best practices.
“This listing effectively marks the beginning of a new chapter in the ever dynamic Nigeria financial services sector.
“Listing on the NSE provides us with both a well-regulated listing framework and excellent links to investors who can partner with us in our quest to be a regional and globally relevant financial institution”.
Also commenting, the Managing Director/CEO, Jaiz Bank Plc, Mr Hassan Usman noted that the listing of the bank’s shares is a fulfilment of an earlier promise made at inception of the Bank to the shareholders and the public that the shares will be made public in no distance time.
He said, “Our listing will elicit public confidence that Non-Interest Banking provides alternative model that will contribute to the socio-economic development of our country,” he said.
On his part, Mr Oscar Onyema, Chief Executive Officer of NSE, said, “It is our pleasure to welcome Jaiz Bank Plc to our market.
”The Sukuk sector will continue to be a core focus for NSE as we look forward to further listings in 2017 and beyond from a range of issuers.
“We are also developing further initiatives in the Islamic capital markets to provide innovative services designed to meet the evolving needs of market participants.
“As a listing platform of choice, today’s listing will add to our bouquet of shariah compliant investment offering to the public. This listing will promote liquidity for the bank, enhance its value and increase transparency”.
The listing of Jaiz Bank added N36.83b (N36, 830,311,625) to the market capitalization of the NSE.
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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