Economy
NSE Accepts 5.97m Units of SIAML Pension ETF 40
By Modupe Gbadeyanka
SIAML Pension ETF 40 has been admitted into the daily official list of the Nigerian Stock Exchange (NSE).
Business Post reports that the NSE accepted 5.97 million units of SIAML Pension ETF 40 at a par value of NGN100 per unit.
It was gathered that the issuer appointed Stanbic IBTC Securities Limited (SISL) as Liquidity Provider to facilitate secondary market liquidity on the product.
The NSE Pension 40 Index was launched in July 2015 and it contains top 40 companies in terms of market capitalization and liquidity that conform to PENCOM regulations on investment of pension fund assets in listed equities.
The NSE Pension 40 Index is a total return index rebalanced once in a year (on the first business day in January) and so investments products replicating it are expected to record lower transaction/rebalancing cost therefore minimizing tracking error.
SIAML Pension ETF 40- the first Exchange Traded Fund (ETF) to replicate our NSE Pension 40 Index (one of the thematic indices) is designed to track the price/yield performance of the Index.
Speaking at the facts behind the listings presentation of SIAML Pension ETF 40, the Chief Executive Officer of the NSE, Mr Oscar Onyema, congratulated the board and management of Stanbic IBTC Asset Management Limited (SIAML) on the successful IPO of their second ETF, which recorded about 60 percent subscription.
Mr Onyema further applauded the entire team for maintaining her market position in Nigeria’s Asset Management Industry with an enviable track record of excellence and competence.
“The listing of SIAML Pension ETF 40 which marks our first listing in 2017, lends credence to our commitment to championing and advocating for growth of the ETF market in Nigeria. With diversified investor base, our market offers issuers and their products access to capital and visibility whilst delivering transparency and liquidity to investors,” the NSE boss said.
Mr Onyema pledged that the NSE will continue its collaboration with market stakeholders- regulators, dealing member firms, fund managers, issuing houses and others to “collectively promote increased awareness and education on ETFs amongst the investor community in Nigeria.”
“As we deliver on several market development initiatives in 2017, we aim to become the African Exchange of choice for issuers and investors by enhancing regulation, transparency, liquidity and accessibility to capital and a wide product range,” he said.
The ETF market in Nigeria was launched in December 2011 on the NSE with cross listing of Newgold ETF and today, it has become the second largest (and fastest growing) ETF market in Africa boasting of additional eight indigenous ETFs with AUM totalling about N5.4bn and over 200 percent cumulative growth in turnover over the last four years; a feat we have all achieved, together through unwavering diligence and determination to grow this segment of its market.
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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