Economy
Naira Sells N901.41/$1 at NAFEM, N1,250/$1 at Black Market
By Adedapo Adesanya
The Naira bounced back to profitability on Thursday, December 14 after days in the danger zone triggered by pressure from the demand for foreign exchange (FX) across the market segments.
Yesterday, the value of the Nigerian currency strengthened against the United States Dollar by 0.4 per cent or N3.24 in the Nigerian Autonomous Foreign Exchange market (NAFEM), quoting at N901.41/$1 compared with the previous day’s N904.65/$1, according to data obtained from the FMDQ Securities Exchange.
The platform also revealed that during the trading session, the supply of forex into the spot market increased by 21.8 per cent or $26.31 million, as the turnover closed at $147.20 million compared with the previous day’s $120.89 million.
In the same vein, the domestic currency performed better in the parallel market on Thursday when compared with the previous trading day, as its value improved by N10 against the American currency, trading at N1,250/$1 compared with Wednesday’s exchange rate of N1,260/$1.
Equally, the Naira appreciated against the greenback by N7 in the unregulated Peer-to-Peer (P2P) segment of the FX market yesterday, closing at N1,210/$1 versus the N1,217/$1 it was exchanged in the midweek session.
Further, the local currency witnessed gains against the Pound Sterling and the Euro, chalking up N37.68 on the British currency to settle at N1,107.94/£1 compared with the N1,145.62/£1 it was sold a day earlier, and gained N33.65 on the Euro to sell for N953.06/€1 versus the previous day’s N986.71/€1.
Business Post reports that the cryptocurrency market witnessed the dominance of the bulls on Thursday, with Solana (SOL) rising by 6.9 per cent to $74.96, and Ripple (XRP) recording a 2.4 per cent gain to trade at $0.6372.
Dogecoin (DOGE) increased its value by 1.9 per cent during the session to trade at $0.0979, Ethereum (ETH) went up by 1.8 per cent to sell at $2,292.11, Binance Coin (BNB) recorded a 1.1 per cent jump to finish at $252.20, and Bitcoin (BTC) hopped by 0.2 per cent to $42,882.84.
Inversely, Cardano (ADA) recorded a 2.9 per cent decrease to sell at $0.6454, and Litecoin (LTC) recorded a 0.9 per cent loss to settle at $72.38, while the US Dollar Coin (USDC) and the US Dollar Tether (USDT) retained parity at $1.00 apiece.
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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