Economy
Onyema Seeks Collective Effort to Improve Nigerian Markets
By Dipo Olowookere
Chief Executive Officer of the Nigerian Stock Exchange (NSE) Mr Oscar Onyema, has called on stakeholders in the financial and capital markets in the country to come together for the development of the markets.
Mr Onyema made this call last Friday while delivering his address at the 5th edition of NSE-LSE Dual Listing Conference, which took place at Wheat baker Hotel, Ikoyi, Lagos.
The event brought together companies keen to explore a London/Lagos dual listing, corporate finance experts, lawyers, capital market operators, regulators, government officials, media and thought leaders, featured keynotes addresses, presentations and panel discussions, who brainstormed on ‘Attracting Global Capital to Drive Nigeria’s Economic Reforms and Sustainable Growth Development.’
According to Mr Onyema, “creating and sustaining the growth trajectory of our exchanges, capital markets, financial markets, economies and the continent as a whole, requires a strong commitment from each and every one of us here today.
“It is not an easy journey, but it is one we have no choice but to embark upon, individually and collectively, in order to guarantee our competitive advantage in today’s interconnected world.
“We must use this opportunity to partner with each other, to enable us further unlock our growth potential, and advance the development of our financial and capital markets.”
The NSE chief said at the conference that the partnership between the local bourse and its London counterpart (the London Stock Exchange) was a deliberate and strategic alliance that will boost capital formation.
“The partnership was geared at encouraging seamless cross-border access between both markets. It would also create larger liquidity pool, greater competitiveness for investors, enhance capacity and promote diversity of investment products to meet the needs of a wide range of investors and issuers.
“This is evidenced by the FGN Sovereign FX denominated $1 billion Eurobond on the Nigerian Stock Exchange and London Stock Exchange recently, and a strong pipeline of corporate Eurobonds.”
Dr Doyin Salami, Senior Fellow/Associate Professor, Lagos Business School, Pan Atlantic University, gave an excellent presentation on “the Nigerian Economics and Business Environment: Implications for the Capital Market in an Unfolding Election Cycle”, where he posed two important fundamentals for Nigeria- the role of private capital and the role of the price mechanism.
British Deputy High Commissioner, Laure Beaufils spoke on the UK-Nigeria partnership and the importance of capital markets for Nigeria’s long term development. She noted that the UK is committed to supporting Nigeria’s economic growth.
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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