Economy
Naira Records Mixed Performance at Forex Market
By Adedapo Adesanya
It was a mixed outcome for the Naira at the various segments of the foreign exchange (forex) market on Wednesday, January 15, 2020.
Business Post reports that at the Bureaux De Change (BDCs) segment, the local currency moved in different directions, closing flat at the Kano and Port Harcourt BDC markets, while appreciating at the Lagos and Abuja markets.
In Lagos, the Naira gained 30 kobo to close at N360.70k to a dollar compared with N361 it traded on Tuesday, while it appreciated by 90 kobo at the Abuja market to sell at N360.80/$1 in contrast to N361.70/$1 it exchanged at the previous session.
But at the Port Harcourt market, the local currency closed flat at N360.50 per Dollar and also remained unchanged at the Kano BDC market at N360/$1 during the midweek session.
It was a similar scenario at the interbank segment also known as the official Central Bank of Nigeria (CBN) window as the domestic currency closed unchanged at N306.90/$1 at the close of transactions.
It was also not different at the parallel market, as the Naira traded flat against the US Dollar to close at N362/$1 just as the Naira recorded no price movement against the British Pound Sterling at the black market, closing at N480/£1.
However, there was a big movement against the Euro during yesterday’s trading period. The local currency lost the N2 it gained against the Euro on Tuesday to close at N402/€1 on Wednesday.
An analysis of transactions at the Investors and Exporters (I&E) segment on Wednesday showed that the Naira was not able to extend its gains to the seventh day as it depreciated yesterday by 17 kobo or 0.05 percent to close at N362.60 per Dollar against N362.43/$1 it traded at Tuesday’s session.
Also, the turnover recorded at the session reduced significantly by 47.6 percent or $239.17 million to $263.45 million from the $502.62 million transactions carried out on Tuesday.
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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