Economy
Nigerian Currency Firms Against Dollar at Black Market, P2P, I&E
By Adedapo Adesanya
On Thursday, the Nigerian currency had a better outing against its United States counterpart at the various segments of the foreign exchange (FX) market.
Business Post reports that the Naira eased off the forex demand pressures it came under yesterday by gaining weight against the greenback at the black market, the Peer-to-Peer (P2P), and the Investors and Exporters (I&E) windows.
This was bolstered by the decision of Nigerians to monitor the effect of the new series of the N200, N500, and N1,000 notes unveiled a day earlier in Abuja by President Muhammadu Buhari.
According to the Central Bank of Nigeria (CBN), the new banknotes should start their journey into the financial system next month, while the old notes will end their journey on January 31, 2023.
In the P2P window yesterday, the Naira appreciated against the US Dollar by N7 to settle at N787/$1, in contrast to the previous day’s rate of N794/$1, and in the parallel market, it gained N3 to trade at N777/$1 compared with Wednesday’s value of N780/$1.
Further, in the spot market, the domestic currency improved its value against the greenback by N1 or 0.22 per cent to quote at N445.00/$1 versus the midweek’s exchange rate of N446.00/$1.
The Nigerian Naira firmed against the American currency on Thursday as the value of the FX turnover in the I&E segment remained unchanged at $145.89 million.
However, In the interbank window, the Naira closed flat against the Pound Sterling and the Euro during the session at N526.97/£1 and N455.56/€1, respectively.
In the cryptocurrency market, panic selling led to a decline in some tokens, with Bitcoin (BTC) losing 1.7 per cent to close at $16,410.32, and Ethereum (ETH) falling by 2.1 per cent to $1,176.81.
In addition, Cardano (ADA) went down by 2.8 per cent to $0.3101, Solana (SOL) dropped 2.6 per cent to sell at $13.98, Dogecoin (DOGE) declined by 1.2 per cent to $0.0814, Binance Coin (BNB) slid by 0.8 per cent to $297.35, and Litecoin (LTC) went down by 0.4 per cent to trade at $77.11.
At the gainers’ angle, Ripple (XRP) rose by 3.6 per cent to $0.3964, and the US Dollar Tether (USDT) added 0.02 per cent to sell at $0.9995, while Binance USD (BUSD) traded flat 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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