Economy
Naira Sells N717/$1 at P2P, N709$1 at Parallel Market
By Adedapo Adesanya
The Naira appreciated against the United States currency by 0.97 per cent or N7 on Wednesday, September 14 at the Peer-to-Peer (P2P) segment of the foreign exchange (FX) market.
Business Post reports that the Nigerian currency was exchanged with its American counterpart yesterday at N717/$1 compared with the preceding day’s N724/$1 as the Central Bank of Nigeria (CBN) makes efforts to boost liquidity in the official market windows.
At the parallel market, the Naira also appreciated against the US Dollar on Wednesday by N1 or 0.14 per cent to trade at N709/$1 in contrast to Tuesday’s value of N710/$1.
However, in the Investors and Exporters (I&E) window, the Naira depreciated against the greenback yesterday by 17 Kobo or 0.11 per cent to sell at N430.50/$1 compared with the previous day’s value of N436.66/$1.
Data from the FMDQ Securities Exchange revealed that the value of FX transactions at the spot market at the midweek session declined by $70,000 or 0.1 per cent to $65.95 million from Tuesday’s $66.02 million.
Also, at the interbank window of the market, the domestic currency depreciated against the British Pound Sterling by N7.94 to trade at N502.95/£1 compared to the previously traded rate of N495.01/£1 and against the Euro, the Naira slipped by N6.51 to close at N436.49/€1 versus the previous session’s N429.98/€1.
Meanwhile, the bears pounced on the cryptocurrency market, tearing it apart at the close of business yesterday as the expectation of a further interest hike in the US and other major economies constricted the market following a rise in inflation.
Bitcoin (BTC) slumped by 1.6 per cent to sell at $20,048.91, Ethereum (ETH) declined by 1.0 per cent to quote at $1,601.00, Binance Coin (BNB) recorded a 2.5 per cent depreciation to trade at $274.37, Solana (SOL) fell by 2.1 per cent to settle at $33.10, Litecoin (LTC) lost 1.4 per cent to trade at $59.13, Cardano (ADA) recorded a 0.9 per cent decrease to sell at $0.469, while Dogecoin (DOGE) made a 0.6 per cent fall to trade at $0.0603.
However, Ripple (XRP) recorded a 0.3 per cent growth to trade at $0.338, while Binance USD (BUSD) and the US Dollar Tether (USDT) closed flat at $1.00.
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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