Economy
Naira Sheds 0.63% at Black Market, Gains 0.13% at I&E
By Ahmed Rahma, Adedapo Adesanya
The Naira recorded a mixed outcome against the United States Dollar at the foreign exchange (FX) market on Tuesday, losing at the unregulated segment, appreciating at one of the regulated windows and maintaining stability at the others.
Business Post reports that at the black market, the local currency suffered a decline of N3 or 0.63 per cent against the greenback to trade at N480/$1 in contrast to the N477/$1 it was sold on Monday.
The Nigerian currency further compounded its woes at the parallel market yesterday when it also lost N3 against the British Pound Sterling to sell at N650/£1 in contrast to N647/£1 it was traded at the preceding session.
Furthermore, the domestic recorded a slip against the Euro by N5 at the second trading session of the week to close at N585/€1 compared with N580/€1 of the previous day.
However, a respite came for the Nigerian currency at the Investors and Exporters (I&E) window despite coming under pressure due o the rise in the demand for FX by customers.
During the trading day, the Naira appreciated by 0.13 per cent or 50 kobo against its American counterpart to wrap up the day at N394/$1 as against N394.50/$1 of the day before.
This strengthening of the Naira was boosted by the FX liquidity at the market segment, which was enough to meet the demands at the window. Transactions worth $108.34 million were recorded yesterday at the segment in contrast to the $39.99 million achieved on Monday, indicating $74.35 million or 218.7 per cent increase in the turnover.
Things remained stable at the interbank segment of the FX market as the Central Bank of Nigeria (CBN) still auctioned the Dollar to commercial banks at N379/$1.
Also, according to data harvested from the Association of Bureaux De Change Operators of Nigeria (ABCON), the Naira still maintained stability against the greenback at N395/$1.
A quick look at the cryptocurrency market showed that the volatility persistent on Tuesday as only two of the seven digital coins tracked made gains.
Bitcoin (BTC) gained 0.3 per cent to trade at N15,349,976.60, while the US Dollar Tether (USDT) appreciated by 1.7 per cent to sell for N488.58.
On the loser’s end, Ethereum went down by 2.3 per cent to sell at N634,505.71, Litecoin (LTC) depreciated by 5.8 per cent to trade at N63,469.00, Dash (DASH) declined by 3.6 per cent to sell at N48,571.00, Ripple (XRP) lost 1.1 per cent to trade at N129.30, while Tron (TRX) dropped 1.5 per cent to sell at N14.14.
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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