Economy
Kwara Swears in New Head of Service
By Modupe Gbadeyanka
Governor Abdulfatah Ahmed of Kwara State on Tuesday swore in the newly appointed Head of Service (HOS), Mrs Susan Modupe Oluwole, with a charge to bring her wealth of experience and administrative acumen to bear on the leadership of the State Civil Service.
Governor Ahmed, who spoke at the Executive Council Chambers, Government House, Ilorin, said the appointment was in line with his administration’s drive towards building a virile civil service under an appropriate leadership.
He said that it was not only remarkable that he had sworn-in the second head of service in his administration but also the first time a female head of service will succeed another.
Mrs Susan Modupe Oluwole replaces Hajia Zahra Omar who retired in September, 2017.
Governor Ahmed noted further that though both women were recommended for the position by experience and competence, their emergence also underlines his administration’s determination to promote merit while simultaneously providing more opportunities for women to serve at the highest levels of government.
He urged Mrs Oluwole to continually engender high performance in the service so as to ensure that civil servants respond positively to the demands of modern governance and innovations that would not only move the service forward but also create the conditions for high performance.
He also charged her to innovate new approaches to ensure efficiency and enhance government’s capacity to meet the aspirations of the people, especially in the area of internally generated revenue and optimal resource utilization.
Mr Ahmed reiterated his administration’s continued commitment to provide the tools and environment necessary for the efficiency of the civil service within the limits of available resources.
He added that his administration is currently constructing an ultra-modern secretariat complex to provide comfortable offices for civil servants.
The Governor also acknowledged the contributions of Hajia Zahra Mua’zu Omar, the immediate past Head of Service to the progress of the State Civil Service during her tenure.
In her acceptance speech, Mrs Susan Oluwole solicited for the support of the workers and promised to consolidate on the achievements of her predecessors as well as strengthen the civil service for greater service delivery. She also promised to uphold the confidence placed in her.
She is the 20th Head of Service and the second female Head of Service since the creation of Kwara State and had served as the Permanent Secretary in the Office of the Head of Service.
A native of Jebba in Moro Local Government Area of Kwara State, Mrs Oluwole joined the State Civil Service in 1989.
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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