Economy
Collaborative Efforts Can Reshape Financial Ecosystem—Lawal
By Modupe Gbadeyanka
The need for stakeholders in the payments landscape to see collaborations as a strategy to expand their operations and deepen the industry has been emphasised by the Managing Director of Payment Processing and Switching (Interswitch Purepay), Mr Akeem Lawal.
Speaking as a panellist at the Committee of E-Business Industry Heads (CeBIH) in Lagos, Mr Lawal said partnerships among players in the sector would help financial industry stakeholders navigate the complexities of the modern market and reshape the financial ecosystem.
He emphasized the critical need for synergy in the rapidly evolving financial landscape. Lawal highlighted that collaboration is not only essential for staying competitive but is also a catalyst for driving innovation and promoting a culture of continuous improvement.
“In the evolving payment landscape, collaboration is not just a choice but a strategic imperative.
“By cultivating a culture of innovation through collaborative efforts, we can reshape the financial ecosystem, drive positive change and ensure a resilient future for the industry,” Mr Lawal said at the panel themed Fostering a Culture of Innovation Through Collaboration.
Also commenting, the Vice President for Issuing & Acquiring Management at Verve, Mr Paul Ohakim, said Verve was committed to deepening financial inclusion and improving the experience of cardholders across various touchpoints.
He revealed that Verve recently launched the Verve Ultra Card to provide flexible access to credit facilities for Nigerians, noting that the card will avail cardholders of convenient repayment plans, contactless payment and a 45-day interest-free period among other benefits.
On her part, the Head of Retail Payment at Interswitch, Ms Susan Fasipe, shed light on key payment modernization trends, outlining the evolving nature of consumer expectations and technological advancements driving the need for continuous innovation.
“Embracing modernization ensures that we are equipped to meet the evolving needs of businesses and consumers.
“Therefore, we designed the Enterprise Payment Platform product to address prevailing issues within the ecosystem, enhance business development, and provide seamless payment solutions to customers across the African continent,” Ms Fasipe stated.
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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