Economy
SEC to Hold Q3 Capital Market Committee Meeting in Lagos
By Aduragbemi Omiyale
The third quarter Capital Market Committee (CMC) meeting of the Securities and Exchange Commission (SEC) will take place at the Lagos Continental Hotel on Thursday, November 24, 2022.
During the event, the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, will launch the revised Capital Market Master Plan of the agency. This plan will provide a roadmap for the capital market for the next few years.
The 10-year policy was launched in 2014 and is being revised in support of some critical stakeholders to reflect the dynamism of the market and developments in financial technology, among others.
The Director-General of the organisation, Mr Lamido Yuguda, disclosed that the policy document captures the challenges of the capital market in actualising its role to drive national economic growth and, more importantly.
He said it also provides a blueprint to harness these opportunities to better position the capital market as the engine of our economic growth and development.
“The first five years of the original Capital Market Master Plan 2015-2025 (CMMP) implementation focused on market and governance reforms in the aftermath of the global financial crises of 2008 and the Nigerian market correction that continued into 2009, with significant success.
“During that period, stock certificates were dematerialised, dividend management was automated, corporate governance standards were improved, and intermediaries were strengthened through revised capital requirements and risk-based supervision, amongst several other initiatives implemented under the CMMP.
“Today, we face new challenges and opportunities. The pursuit of innovation and growth requires that we are open to opportunities and risks. Our choices are limited if we only seek opportunities within our traditional boundaries.
“Similarly, we inhibit our ability to grow if we do not curtail the threats of unregulated risk-taking. Promoting entrepreneurial and innovative outcomes, therefore, requires balancing our openness and appetite for risk-taking with the critical need to protect investors.
“It is important to contextualise our aspirations within the fundamental objectives of market integrity and investor protection while pursuing economic growth.
“The RCCMP has provided a framework and outlined strategic initiatives that will help embrace and unlock these opportunities in our capital market,” Mr Yuguda said.
The DG expressed his most sincere appreciation to the Financial Sector Deepening Africa (FSDA) for funding the work of the RCMMP and to the capital market community for aligning with the commission’s vision and committing to support the implementation of the plan.
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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