Economy
NGX Woos Unlisted Companies Seeking Platform to Raise Funds
By Dipo Olowookere
Unlisted companies looking to raise funds to run their businesses have been advised to consider using the Nigerian Exchange (NGX) platform to achieve this goal.
The Divisional Head of Listings Business at NGX Limited, Mr Olumide Bolumole, gave this advice last Friday when a leading healthcare company serving millions of patients, Me Cure Industries Limited, listed its N3 billion 5-year series 1 fixed rate senior secured bond on the exchange.
Mr Bolumole said NGX has maintained its “commitment to driving sustainable products and responsible investment in our market.”
“We are, therefore, pleased to celebrate this listing from Me Cure, a company leveraging technology to help people fight everyday illnesses.”
“Today’s listing represents a pivotal milestone in the growth journey of Me Cure Industries and I congratulate its board and management for this landmark achievement, as well as the commitment towards ensuring the sustained growth of the company.
Looking ahead, we encourage Me Cure and other unlisted issuers to utilize the NGX platform to meet future capital needs across debt and equity to support business expansion in line with their overall corporate strategy,” he further said.
On his part, the Chairman of Me Cure Industries, Mr Samir Udani, stated that, “It gives me great pleasure to share this electronic podium as a business owner who has crossed a milestone today.
“Entrepreneurs like me live for days like this and it is a matter of pride to be welcomed as a new member of the NGX family. The path to success is steep, but with the encouragement of NGX, we at Me Cure will contribute to building and shaping Nigeria’s healthcare industry any way we can.”
“COVID-19 has shown how countries can become vulnerable, making healthcare investments are must-have in our country.
“Therefore, we are focused on sustaining and growing our existing basket of over 100 products.
“Finally, we are pleased to say that our paths will once again cross as we have made the bold decision to list on the growth board of NGX in coming months,” he said.
In his remarks, the Group Executive Director, Cordros Capital (Lead Financial Adviser/Issuing House), Mr Femi Ademola, expressed his appreciation to capital market stakeholders and other professional parties to the transaction like Vetiva Capital Management Limited and Greenwich Merchant Bank Limited.
“I must thank NGX for the opportunity to join Me Cure for this important occasion of listing. We appreciate the collaboration we enjoyed with NGX during this process and are confident this will continue into the future.
“We must also thank Me Cure for having faith in us to drive this process to a successful end. We believe the healthcare sector is important in the economic growth of Nigeria because of its invaluable contribution to human capital development, which should be prioritised at this time,” he further stated.
Me Cure Industries raised the N3 billion note under its N20 billion debt issuance programme.
NGX has continued to facilitate listing and trading activity in the market while remote trading and working from home continues.
This year, the exchange has facilitated needed financing of over N4.6 trillion in capital raised by governments and corporates across various asset classes.
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.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn