Economy
NSE to Suspend Trading on LASACO Assurance Shares
By Dipo Olowookere
Trading on the shares of LASACO Assurance Plc will be suspended for two weeks from next week by the Nigerian Stock Exchange (NSE).
This action is being taken as part of the process leading to the share reconstruction of the company, which was approved by shareholders of the organisation in 2019.
On Tuesday, October 8, 2019, at the Annual General Meeting (AGM) of LASACO Assurance, shareholders authorised the board to carry out the exercise.
After the approval from investors, the board approached the relevant regulatory agencies for approval to reconstruct its issued and fully paid-up share capital of 7,334,343,421 ordinary shares of S0 kobo each in the ratio one new ordinary share for every four ordinary shares previously held by the shareholders of LASACO Assurance Plc.
To complete this exercise, shares of the firm would be suspended on the trading platform of the exchange from Monday, Februaty 1, 2021, to Friday, February 12, 2021.
In a notice to the NSE, LASACO Assurance explained that during this period, the register of shareholders would be closed to allow the Central Securities Clearing Systems (CSCS) Plc and Apel Capital Registrars Limited, the Registrars to LASACO, to finalise the reconstruction of the shares and produce a new register for the company.
“We wish to inform our esteemed shareholders and the general public that following the approval of the shareholders of LASACO Assurance at the 39th Annual General Meeting (AGM) of the company held on October 8, 2019, the company has obtained regulatory approvals to reconstruct its issued and fully paid-up share capital of 7,334,343,421 ordinary shares of 50 kobo each in the ratio one new ordinary share for every four ordinary shares previously held by the shareholders of LASACO Assurance.
“To enable us to reconstruct the shares, we hereby give notice that suspension of trading will be placed on the shares of LASACO for two weeks beginning from Monday, February 1, 2021, to Friday, February 12, 2021, both days inclusive.
“The register of shareholders shall be closed for this period to enable CSCS and Apel Capital Registrars Limited, the registrars to LASACO, to finalize the reconstruction of the shares and produce a new register for the company,” a disclosure from the firm noted.
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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