Economy
Senate Lauds NSE’s Contributions to National Development
By Osigbemhe Apeaye
The Senate Committee on Capital Market has commended the Nigerian Stock Exchange (NSE) on its efforts to create a truly sustainable exchange hub for wealth creation and capital formation in Africa.
This was expressed by the Chairman of the Committee, Mr Ibikunle Amosun, during an engagement session with the Council Members and Executive Committee of the exchange and other capital market stakeholders on Thursday, March 19, 2020.
In recognising the NSE’s collaborative approach to delivering on the capital market’s mandate to enable efficient allocation of resources and spur growth and development, Mr Amosun said, “We have met a very professionally run exchange during this visit and we encourage you to keep up the good work.
“The Nigerian Stock Exchange has been a critical player in the development of the Nigerian economy. Your efforts have culminated in moving Nigeria out of a monolithic phase and we thank you for all the good work.
“On behalf of the Senate Committee, I assure you that we will continue to create that enabling environment that will support you in growing our market and providing Nigerians innovative opportunities to create wealth.”
At the meeting, the Chief Executive Officer of NSE, Mr Oscar Onyema, expressed a positive outlook on the Nigerian economy and the NSE’s commitment to national development stating, “Nigeria remains an attractive investment destination as Africa’s most populous country, positioned to be a top 20 economy by 2030 and top 10 by 2050.
“The exchange is, therefore, committed to engaging stakeholders to set the Nigerian economy on a positive trajectory. To successfully do this, we will continue to advocate for the right economic policies that will ensure that both issuers and investors in our market can reap real value.”
The NSE has achieved significant results through its advocacy efforts especially its notable contributions to the Financial System Strategy (FSS) 2020.
These efforts gave rise to: the incentives to encourage companies to list, leading to the listing of MTN Nigeria and Airtel on the exchange; the launch of the Growth Board to facilitate the listing of companies with high growth potential; the proliferation of financial literacy and awareness of financial system products and services through the X-Academy and NSE StockTown.
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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