Economy
Value of Naira Slumps at I&E, Black Market, P2P
By Adedapo Adesanya
The United States Dollar did not show love to the Nigerian Naira on Valentine’s Day as it battered the local currency in the various segments of the foreign currency market on Tuesday.
The scarcity of cash also did not help matters during the session as Nigerians await the outcome of a Supreme Court decision today, Wednesday, February 15, over the suit brought before it by the state government over the Naira redesign policy of the Central Bank of Nigeria (CBN).
In the Investors and Exporters (I&E) segment of the foreign exchange (forex) market on Tuesday, the Naira depreciated against the greenback by 67 Kobo or 0.15 per cent to trade at N461.67/$1 compared with the previous day’s N461.00/$1.
The value of the Naira slumped despite the FX trades declining by 67.04 per cent or $140.06 million to $68.85 million from the preceding day’s $208.91 million., according to data from FMDQ Securities Exchange.
Also, at the Peer-2-Peer (P2P) window, the local currency lost N1 against the US Dollar to sell for N765/$1 versus the previous session’s N764/$1.
Similarly, in the parallel market, the domestic currency depreciated against its American counterpart by N1 to settle at N754/$1, in contrast to the N753/$1 it was exchanged a day earlier.
However, in the interbank segment, the Naira gained N2.26 against the Pound Sterling to close at N556.13/£1 compared with Monday’s rate of N558.39/£1, and on the Euro, it appreciated by N1.16 to N492.18/€1 from N493.34/€1.
In the crypto market on Tuesday, Bitcoin (BTC) rebounded by 0.9 per cent to $22,175.52 as markets reacted to the US inflation report. The annual rate hit 6.4 per cent in January, down slightly from 6.5 per cent in December and far lower than a peak of 9.1 per cent last year.
During the session, Ethereum (ETH) expanded by 3.3 per cent to sell at $1,551.71, Cardano (ADA) rose by 7.7 per cent to trade at $0.3849, Litecoin (LTC) went up by 4.9 per cent to $95.49, Solana (SOL) appreciated by 4.1 per cent to $21.63, Ripple (XRP) recorded a 3.4 per cent gain to trade at $0.3795, Dogecoin (DOGE) improved by 1.8 per cent to $0.0832, and Binance Coin (BNB) increased by 1.5 per cent to $295.10.
But Binance USD (BUSD) and the US Dollar Tether (USDT) remained unchanged at $1.00 each.
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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