Economy
Low FX Demand Boosts Naira by 0.05% at Investors’ Window
By Adedapo Adesanya
The decline in the demand for foreign exchange (FX) at the Investors and Exporters (I&E) segment of the market gave life to the Naira on Tuesday.
According to data obtained by Business Post from the FMDQ Securities Exchange, $29.42 million worth of forex was demanded during the session, lower than Monday’s $68.14 million by $38.72 million or 58.3 per cent.
This decrease in the day’s turnover helped the local currency to appreciate against the Dollar at the market window yesterday by 20 kobo or 0.05 per cent, closing at N385.80/$1 versus the previous day’s N386/$1.
At the Bureaux De Change (BDC) segment, the value of the Naira was strengthened against the greenback by N1.50 in Lagos to N463/$1 from N464.50/$1. Against the Pound, the Naira lost N7 to close at N603/£1 compared with N596/£1 and also dropped N2 against the Euro to close at N547/€1 as against N545/€1 recorded on Monday.
At the Abuja market, the domestic currency fell by N2 against the Dollar to wrap at N466/$1 as against N464/$1 on Monday while on the Pound, the local currency lost N1 to 596/£1 from N595/£1 and against the Euro, the domestic currency shed N12 to close at N547/€1 versus N535/€1.
In Port Harcourt, the domestic currency appreciated by 50 kobo to N464/$1 from N464.50/$1 and traded flat against the Pound at N595/£1 and appreciated by N3 on the Euro to N542/€1 from N545/€1.
At the Kano BDC market, the Nigerian currency appreciated by N1 against the greenback to settle at N464/$1 in contrast to the previous rate of N465/$1, while it gained N2 against the Pound to close at N598/£1 in contrast to N600/£1 and depreciated by N1 on the Euro to N548/€1 from N547/€1.
At the interbank window, the value of the local currency remained unchanged against the United States currency at N379/$1 at the close of business yesterday.
At the black market, the Naira traded flat against the greenback on Tuesday at N465/$1 but gained N3 on the Pound to close at N600/£1 versus N603/£1 and gained N9 on the Euro to N546/€1 from N555/€1.
Economy
SEC Postpones Q2 2026 Pre-registration Training, Examination for CMOs
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.
Economy
Fidson Lists Additional 600 million Shares on Stock Exchange
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.”
Economy
FG Approves Payments to 1,240 Contractors to Ease Liquidity Pressure
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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