Economy
Anxiety as 24th Africa Oil Week Draws Closer
By Dipo Olowookere
Stakeholders in the oil and gas industry in Africa are eagerly gearing up for the forthcoming 24th Africa Oil Week, which holds in Cape Town, South Africa, from 23-27 October.
At the moment, organisers of leading international oil and gas event have announced highlights of the internationally renowned programme.
The restrained business climate that has reigned over the industry for the past few years demanded that all operators review and adapt their business models and the way they operate. By the same token, the organisers of Africa Oil Week had to radically rethink the content for this year’s edition to meet the needs of delegates in search of solutions for tackling new challenges.
ITE’s Vice President for Africa, Sonika Greyvenstein, says, “We pride ourselves on being recognised as the world’s leading Africa-focused oil and gas event. To retain this title, we really had to think outside the box to design a programme that offers something over and above our renowned networking and deal-making opportunities – we want to give delegates access to revolutionary new ways of working, so they go away with knowledge, tools and methods to help them face a fast-evolving industry”.
The result is a programme strong on skills, solutions and strategies and infused with talks and debates of an ethical, political and motivational nature.
With the aim of providing the most current status of African and international policy, ITE has ramped up the presence of top ranking government officials. Rick Perry, US Energy Secretary, has been invited to speak as guest of honour at a session on global energy policy as well as during his department’s presentation of its LNG Handbook, designed to facilitate LNG projects in Sub-Saharan African nations.
In terms of African oil and gas ministers, participants will be able to engage directly with them on issues crucial to their investment plans and projects at the Ministerial Panel on African government strategies for “Attracting Operators and Investment”.
It includes presentations covering fiscal reforms and investment opportunities from the oil and gas ministers of Egypt, Angola, Equatorial Guinea, Ivory Coast, Republic of Congo and Namibia. South African Minister of Energy, Mmamoloko Kubayi, will open proceedings on Tuesday 24th October with a talk on the right energy mix for meeting environmental and development goals.
The Côte d’Ivoire Roadshow, presided over by Minister Thierry Tanoh, will promote the country’s hydrocarbons code and introduce its energy strategy 2020 along with available blocks coming up for licensing, thereby providing further opportunities for showcasing its investment environment as well as its petroleum code and legal and fiscal framework.
Mali, ranked one of the most dynamic countries in the region by the World Bank’s “Doing Business” report and winner of the AIM “Investment Award” for its incentive-strengthening reforms, is promoting its five oil-rich basins. Mr Hamed Ag Mohamed, Director-General of the Authority for the Promotion of Oil Research, will present the investment framework and its Public-Private Partnership policy.
A not-to-be-missed event is the debate “Phasing Out Fossil Fuels: The Moral Case”. Alex Epstein, Founder and President of the Center for Industrial Progress and author of the New York Times bestseller, “The Moral Case for Fossil Fuels” will pitch his pro-fossil fuels argument against that of renewable energy development and investment pioneer Charlotte Aubin-Kalaidjian, co-Founder and CEO of GreenWish Partners. Later in the day, Mr Epstein is the guest speaker at the invitation-only VIP & CEO Luncheon, to be held in the Exhibition Ballroom.
Contributing to the cutting edge content is the AAPG Science Seminar, comprising three half-day forums focusing on energising the growing world through knowledge and technology. This is especially important considering that the new wave of exploration is spearheaded by digital technology which, in turn, paves the way for new careers.
This digital aspect of the industry is of special interest to the students and graduates attending the Young Professional Roundtable discussions, during which they will be looking at the capabilities and skills that will secure their future in a constrained job market.
With the evolution of the industry requiring operators and stakeholders to be more resourceful and inventive, Africa Oil Week is bringing out some big guns in terms of analysis, inspiration and motivation. Daniel Silke, South African futurist and leading political economy analyst, kicks off the third day of the conference with a keynote on Africa’s resilience.
Mr Silke is renowned for his insights into issues surrounding global change, volatility and the future of the world. Then there’s Gilan Gork, renowned mentalist and master of influence. As a guest speaker at the SA Rugby Museum Cocktail Reception, Gilan will challenge delegates thinking while intelligently entertaining and motivating them.
Along with these exciting and innovative additions to this year’s Africa Oil Week programme, each session now includes an interactive Q&A, during which delegates can engage on a wide range of issues. In addition, there is an official Africa Oil Week App for IOS & Android devices to give delegates up-to-date information about the event, speakers, programme, networking sessions and venues and enabling them to post questions, participate in polls and contact other delegates.
Delegates who register by 30th September qualify for the £300 Early Bird Discount while companies registering three or more delegates benefit from an additional 10% discount.
All registration fees include access to the 17th Africa Independents Forum and the 24th Africa Upstream Conference and Exhibition but exclude the 80th PetroAfricanus Dinner and 9th Global Women Petroleum & Energy Club Luncheon, which must be booked separately. Companies registering three or more delegates benefit from an additional 10% discount.
Economy
SEC Postpones Q2 2026 Pre-registration Training, Examination for CMOs
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.
Economy
Fidson Lists Additional 600 million Shares on Stock Exchange
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.”
Economy
FG Approves Payments to 1,240 Contractors to Ease Liquidity Pressure
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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