Economy
Stakeholders Back Data Processing to Benefit Capital Market Investors
By Adedapo Adesanya
Conversations in the business world are experiencing a shift with disruptions replacing traditional models which are challenging investors and markets to adopt new innovations.
This was the premise around the Nigerian Stock Exchange (NSE) Market Data Workshop 2019 held in Lagos on Wednesday, September 11.
The event themed: “Partnership, Products, and the Customer” brought stakeholders from the financial world, the technology sector, and academia together at the one-day event to look at the potentials of data analysis and positions investors to maximize returns at the stock market.
The Chief Executive Officer of the stock exchange, Mr Oscar Onyema, expressed his delight at the event, which was in its fourth edition, and remarked on the innovative advantages of utilising market data.
Speaking at the Market Data Workshop on Wednesday in Lagos, Mr Onyema noted that: “There is a global increase in the general consumption and spending on Financial Market Data and Market data analytics, stretching beyond the market data typically provided by stock exchanges for equity trading”.
He also disclosed that the Stock Exchanges and Data vendors were already responding to this increasing demand using new tools for market data products
The event also featured a lecture series titled ‘Stochastic Models, Market Data, and Weird Symbols’ by Dr. Mary Akinyemi, a lecturer of Mathematics at the University of Lagos, explaining understanding the functionalities of data in analysing and developing solutions to deliver a data product that is easily consumed to make informed investment decisions.
In a panel discussion led by the exchange’s Head of Market Service, Mr Olufemi Balogun, there was an extensive discussion on “The Role of Market Data in Decision Making”, featuring Dr Bridget Nkemnole; a senior lecturer of Mathematics at the University of Lagos; Adeolu Aderenlu, Deputy Chief Information Officer (CIO) of Zenith Bank Plc; Ifeyinwa Kojo; Country Lead – Sales for Hewlett Packard Enterprises; Tosin Beredugo, Head of Technology at the NSE; David Ogunsola, Head of Information Technology, C&I Leasing; Uwa Agbonile; CEO of Infoware Limited.
Tosin Beredugo, Head of the Technology at the exchange during the discourse noted that the exchange was on the path to hitting a goldmine that would be profitable for investment.
“By investing in best in class technology, the NSE rolls out innovative solutions to filter and process Market Data turning raw data into information, helping retail investors make better investment decision,” he said.
After the panel discussion, Miss Osadare Eniola, Business Development Manager at InfoWARE Limited, gave a presentation titled “Market Data and Analytics: Tools for Reducing Corporate and Investment Risk, where she analyzed the importance of market data using Efritin.com, which stopped its operations in 2018 and Uber, which has since increased its portfolio exponentially, as case studies.
The event also saw the unveiling and demonstration on the Beta version of The NSE X-mobile App by Head of Strategy at the NSE, Mr Okon Onuntuei, which the exchange says is targeted at boosting retail investors participation within the Nigerian Capital Market.
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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