Economy
Naira Remains Stable at Black Market, Interbank
By Adedapo Adesanya
The Naira maintained stability against the United States Dollar at both the interbank and parallel segments of the foreign exchange (forex) yesterday.
At the official window of the Central Bank of Nigeria (CBN), which is also the interbank segment of the market, the local currency traded flat at N306.90/$1.
Similarly, the domestic currency closed flat against the greenback at the black market, trading at N360 per Dollar. It also remained unchanged against the British Pound Sterling at N475/£1 and against the Euro at N396/€1.
However, it depreciated against the Dollar by 34 kobo or 0.09 percent at the Investors and Exporters (I&E) segment on Tuesday to sell at N364.90/$1 in contrast to N364.56/$1 it was quoted on Monday.
This followed the spike in the value of transactions at the market segment by 32 percent rise or $118.19 million to $484.38 million yesterday from the previous session’s $366.19 million.
At the Bureaux De Change (BDCs) segment in the commercial hub of Lagos, the Naira dropped 50 kobo to close at N358.50 to a dollar compared with N358 per dollar it traded on Monday.
The local currency also depreciated in Lagos against the Euro by N1 to close at N395/€1 compared with N394/€1 it went for a day earlier, while it ended flat against the British pound at N474/£1.
At the Abuja market, BDC traders traded the local currency at N359 per dollar in contrast to the previous day’s N358/$1, indicating a decline by N1.
Against the pound, the Naira remained unchanged at N475 per pound, while it lost 50 kobo against the Euro to trade N396/€1 versus Monday’s value, N395.50/€1.
In Port Harcourt authorised BDC operators sold the Naira at its previous rates against the Dollar at N358/$1, the Pound at N475/£1, and the Euro N397/€1.
It was similar scenario at the Kano BDC market, where the Naira remained static against the Dollar, Pound Sterling and Euro at N358/$1, N472/£1 and N395/€1 respectively.
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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