Economy
NGX, Others to Enhance Liquidity With Cross-Border Trading of Securities
By Aduragbemi Omiyale
Investors who intend to have access to more securities across the African continent would soon be able to do so from the comfort of their homes and offices.
This is because 14 key stock exchanges on the continent, including the Nigerian Exchange (NGX) Limited, are facilitating cross-border trading platforms and free movement of investments.
Others involved in the pilot phase are the Casablanca Stock Exchange (CSE), the Egyptian Exchange (EGX), Johannesburg Stock Exchange (JSE), Nairobi Securities Exchange (NSE), Stock Exchange of Mauritius (SEM) and Bourse Régionale des Valeurs Mobilières (BRVM, which has eight West African countries).
At the moment, a total of four exchanges (NGX, BRVM, CSE and EGX) have been successfully connected to the link trading terminal live environment as the integration process continues for the other bourses.
AELP is a flagship project of ASEA and the African Development Bank (AfDB) is aimed at facilitating cross-border trading among seven participating Exchanges and select broker firms. In July 2021, ASEA signed a contract with DirectFN Ltd for the design and implementation of the AELP Link trading system in the seven markets.
The ASEA President, Dr Edoh Kossi Amenounve in a statement said: “The facilitation of cross-border trading will open up the markets to a diverse portfolio and investment opportunities.
“Brokers and investors will be able to access a variety of asset classes available in their markets of interest. Increased and regular cross-border trading is expected to enhance liquidity in the AELP exchanges.”
The statement noted that African Funds Flow statistics measuring trade transactions between the seven exchanges showed that cross-border trading has increased in the past three years.
According to the statement, “The AELP aims to automate the trading process and enable brokers to access information and see the market depth and liquidity of the participating markets. The linkage will happen through two main processes where exchanges will be connected to the live market data link, enabling traders to see live order-books across the markets, thereafter brokers will be interfaced with the system for order placement and execution.
“Stockbrokers and securities dealers are critical stakeholders in the Linkage process. In the first phase of the project, five brokers from each of the seven participating Exchanges will be integrated to the AELP link.”
Through the coordination of the exchanges and the African Stockbrokers and Securities Dealers Association (ASSDA), 30 broker firms have confirmed participation in the pilot phase. ASSDA which was formed in 2019 is an association of national associations of stockbrokers and securities dealers from six of the participating Exchanges.
The selection was based on an agreed criteria, and expression of interest by approved licensed dealing members from each of the participating exchanges.
Five Nigerian stockbroker firms participating are: FBNQuest Securities Limited, Stanbic IBTC Stockbrokers Limited; Rencap Securities (Nig) Limited, Cardinal Stone Securities Ltd and Cordros Securities Limited constitute the lists of 26 other firms.
The ASSDA Organizing Secretary, Mr Willie Njoroge observed that “stockbrokers and securities dealers are excited about the AELP Project that shall enable them offer their clients a much wider selection of investable securities across Africa.”
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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