Economy
NSE: Foreign Transactions Drops by 49.51% in 2016
By Modupe Gbadeyanka
Latest data released by the Nigerian Stock Exchange (NSE) on Wednesday, February 1, 2017, has revealed that total foreign transactions decreased by 49.51 percent in 2016 from N1,025 billion recorded at the end of 2015 to N517.55 billion at the end of 2016.
It was also disclosed that domestic transactions decreased by 28.02 percent from N880.56 billion to N633.82 within the same period.
However, in the data obtained by Business Post, it was gathered that total transactions at the nation’s bourse increased by 48.91 percent from N64.39 billion recorded in November 2016 to N95.88 billion in December 2016, while total transactions from January to December 2016 dropped significantly by 39.58 percent from N1,905.63 billion recorded within the same period in 2015 to N1,151.38 billion at the end of 2016.
The NSE noted that foreign transactions have consistently outperformed domestic transaction since 2011.
However, domestic transactions slightly out-performed foreign transactions in 2016 accounting for 55 percent of the total transactions in 2016.
In the same vein, foreign transactions have further declined by 66.34 percent from N1.539 billion in 2014 to N518 billion in 2016 which represents about 45 percent of total transactions in 2016.
Over the nine-year period, domestic transactions have significantly decreased by 85.43 percent from N3.556 billion in 2007 to N634 billion in 2016.
Giving an analysis of the domestic composition of transactions on the NSE between January and December 2016, it was gathered that the total domestic transactions increased by 27.32 percent between January and December.
The institutional composition of the domestic market increased by 63.16 percent from N21.85 billion in January to N35.65 billion in December, while the retail composition fell by 14.14 percent from N18.88 billion to N16.21 billion within the same period.
Also, institutional investors outperformed their retail counterparts for the most of 2016.
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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