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NSE to Host Forum on Green Finance in West Africa

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green finance

A forum to promote green finance in West Africa is expected to hold on Friday, June 5, 2020 from 2:30pm (Nigerian Time).

The event, to be hosted online, will provide a platform for policy makers, government, regulators, West African financial market participants, domestic and international thought leaders on green finance, investors and other market stakeholders to share valuable experiences and best practices on green finance, and promote the development of sustainable finance market segments within securities exchanges in the region.

It is being put together by the Nigerian Stock Exchange (NSE) in collaboration with the Milken Institute and supported by the Securities and Exchange Commission (SEC).

The forum is part of the inaugural edition of the NSE’s Webinar Series on Sustainable Capital Markets for West Africa and is themed Fundamentals of Developing Green Bond Markets.

“At the NSE, we are resolute in our commitment to promoting sustainable finance because we recognise that urgent action is required to combat climate change and its impact as enshrined in the Paris Agreement on Climate Change and Goal 13 of the Sustainable Development Goals (SDGs).

“We are committed to fostering the growth of sustainable financial products which integrate the financial risks and opportunities associated with climate change and other environmental challenges,” Mr Oscar Onyema, the CEO of the exchange said of the strategic objectives of the webinar.

He added that, “Our collaboration with the Milken Institute to host this webinar, therefore, provides us with an opportunity to further contribute to the advancement of the green finance markets, as well to highlight our leadership role in this area.

“This journey began with the launch of the first fully certified Sovereign Green Bond in Africa by NSE, in partnership with the Federal Ministry of Environment, Federal Ministry of Finance and the Debt Management Office, and has since led to various strategic partnerships and landmark listings.”

Also commenting, the Executive Director of Milken Institute, Ms Staci Warden, stated that, “We are pleased to support the Nigerian Stock Exchange in their commitment to developing green bond markets at home and in West Africa.”

“Nigeria’s experience building its local market and its recent green bond issuance can provide valuable insights for West African countries.

“Building these markets takes intentional and coordinated efforts to create the regulatory environment that can attract qualified issuers and investors.

“This virtual meeting will help countries as they design and navigate their own road maps for creating sustainable capital markets,” she added.

The NSE continues to promote the development of the Green Finance market evidenced in the signing of a Memorandum of Understanding with the Luxembourg Stock Exchange (LuxSE) in 2019 to promote the cross listing and trading of green bonds in Nigeria and Luxembourg.

This partnership has already yielded its first fruit with the successful cross-listing of Access Bank’s N15 billion Green Bond on the NSE and LuxSE.

Furthermore, The Exchange supports capacity development and investor awareness through the NSE X-Academy, a specialized learning centre that offers bespoke capital market and business courses including courses across the Sustainable Finance theme.

The organisers of this event have urged interested participants to register at https://zoom.us/webinar/register/WN_hYf0Aa_rSeaA73_udnBbtg.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Economy

SEC Postpones Q2 2026 Pre-registration Training, Examination for CMOs

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capital market operators

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.

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Economy

Fidson Lists Additional 600 million Shares on Stock Exchange

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fidson

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.”

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Economy

FG Approves Payments to 1,240 Contractors to Ease Liquidity Pressure

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FG contractors protest

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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