Economy
Naira Trades N818/$1 at P2P, N810/$1 at Black Market, N443/$1 at I&E
By Adedapo Adesanya
The Naira depreciated heavily against the American Dollar at the Peer-to-Peer (P2P) segment of the foreign exchange (FX) market on Monday as the forex crisis in Nigeria bites harder.
In the P2P window, the value of the local currency to the greenback crashed by N28 or 3.5 per cent to close at N818/$1 compared with the preceding session’s value of N790/$1.
Also, in the black market, the exchange rate of the domestic currency to its United States counterpart depreciated by N25 or 3.2 per cent to trade at N810/$1, in contrast to N785/$1 it was exchanged last Friday.
However, at the official and tightly regulated Investors and Exporters (I&E) forex market, the Nigerian appreciated against the Dollar yesterday by N1.75 or 0.39 per cent to close at N443/$1 compared with N444.75/$1 of the previous trading day.
This was at the turnover for the session declined by 35.3 per cent or $21.84 million to $40.05 million from $61.89 million.
In the interbank window, the Naira performed stronger than the Pound Sterling by 93 Kobo on Monday to close at N506.63/£1, in contrast to the preceding session’s N507.56/£1.
Equally, the Naira gained weight against the Euro in the same market segment by N3.43 to settle at N436.21/€1 compared with last Friday’s price of N439.64/€1.
Meanwhile, in the cryptocurrency market, the value of Dogecoin (DOGE) maintained an upward movement by 15.3 per cent to $0.1413.
With the takeover of Twitter by the new CEO, Mr Elon Musk, investors are banking on the possibility of the coin’s integration into the app’s payment feature.
Binance Coin (BNB) grew by 5.6 per cent to sell for $328.14, Cardano (ADA) recorded a 0.8 per cent rise to trade at $0.4071, Ripple (XRP) recorded a 0.3 per cent jump to close at $0.4593, and Ethereum (ETH) saw its value go up by 0.2 per cent to $1,591.34.
However, Solana (SOL) recorded a 1.3 per cent fall to sell at $32.70, Litecoin (LTC) went south by 0.6 per cent to trade at $54.95, Bitcoin (BTC) slid by 0.2 per cent to close at $20,515.71, and US Dollar Tether (USDT) lost 0.03 per cent to trade at $0.9999.
Binance USD (BUSD) closed flat during the session 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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