Economy
Experts Advocates Sustainable Oil & Gas Structure for Nigeria
By Modupe Gbadeyanka
The 2nd annual West Africa Energy Assembly held on January 17 and 18, 2017 at the Intercontinental Hotel, Lagos was no doubt an engaging event.
During the summit, which focused on upstream opportunities, farm-in/farm-out, new bid rounds, latest developments in E&P and many more, experts in the energy sector converged to brainstorm on how best to move the industry forward.
Some of the speakers at the occasion were Chiagozie Nwokonko, Partner, Streamsowers & Kohn; Jeff Corey, COO of Seven Energy; Abiodun Afolabi, and the Executive Director Corporate Affairs, Total E&P Nigeria limited.
Other included Nyonga Fofang, Managing Director, Bambili Group; Ato Gyasi, Head of Investment, African Finance Corporation; Amaechi Nsofor, Partner, Grant Thornton; Georges Racine, Partner, Hillman Fenwick Willan; Eme Essien Lore, Country Manager, IFC Nigeria; and Olugbenga Adetoro- Vice President , Africa Capital Alliance.
At the function, experts agreed that for Nigeria to grow the oil and gas sector of its economy, government must put in place a sustainable structure.
Also, participants echoed the need for the government to be more consistent in its policies as these have prevented genuine investors from putting their money in the sector.
They pointed out that the government must come up with more progressive and less regressive terms to attract capital, and as well increase the ease of doing business in Nigeria.
Experts further urged the government to ensure that peace is restored to the oil-rich Niger Delta region of the country as militant activities in the area were enough to scare away investors.
They also called on the government to come up with fiscal incentives that could facilitate exploration in frontier territories.
The West Africa Energy Assembly was organized by the Oil & Gas Council and was anchored by Ms Wofai Samuel.
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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