Economy
Stanbic IBTC Deepens Financial Literacy With Invest Beta Game Show
By Aduragbemi Omiyale
A distinctive and innovative initiative to improve financial literacy among young adults has been introduced by Stanbic IBTC Asset Management.
The company announced the birth of an Invest Beta game show designed to offer engaging quiz-style challenges covering various critical financial segments.
From savings and budgeting to investments and retirement planning, the platform aims to teach financial education in a fun and memorable way, as participants compete for a slice of the N10 million investment portfolio.
By encouraging the contestants to open mutual fund accounts to qualify for the game show, the organisation drives the proper investment culture which many Nigerians still struggle with.
Contestants will attempt to answer up to eight investment-related questions to win a maximum prize of an investment portfolio worth N1 million.
The game show will commence in May 2024 with a tour across university campuses in Nigeria.
The students will be encouraged to answer questions to win up to N100,000 investment portfolios in the first instance, and they will also be able to compete for the grand prize on the bigger game show.
“With Investbeta, our goal is to empower Nigerians, especially young Gen Z adults, with essential financial knowledge to help them make informed decisions and attain financial independence quicker than they probably would on their own,” the chief executive of Stanbic IBTC Asset Management, Ms Busola Jejelowo, said.
She emphasised the organisation’s commitment to youth development and economic empowerment, especially as Nigerians navigate the current economic climate.
Also commenting, the Executive Director for Business Development at Stanbic IBTC Asset Management, Ms Yinka Johnson, said the choice to include a campus play was primarily to drive the right financial behaviour among youths, thereby developing the right investment culture in Nigeria.
She further mentioned that the winners retain full control of the funds won, and they can access the funds in line with the associated redemption guidelines of the chosen investment account.
‘We are excited about the immense possibilities of this project and remain committed to enriching lives by promoting financial inclusion and literacy in Nigeria,” Ms Johnson added.
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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