Economy
Niger Delta Petroleum Resources Ltd Delivers 50BScf to NLNG
By Dipo Olowookere
About 50BScf of gas has been delivered to the Bonny NLNG by the Niger Delta Petroleum Resources Ltd (NDPR), a fully owned subsidiary of Niger Delta Exploration & Production Plc (NDEP).
This milestone was attained on Saturday, September 23, 2017, and it is part of a long journey which began in 2008, when the decision to invest in the Ogbele Gas Plant was made.
This process saw NDPR invest heavily in requisite gas infrastructure in the Ogbele Marginal Field, with the installation of a Gas Processing Plant; Gas Metering System; 12” x 20km Gas Pipeline and Telecommunication Systems as well as other supporting utility and processing infrastructures.
Since the commissioning of the gas plant in November 2012, gas production and processing had increased steadily.
Using its gas pipeline, NDPR has continuously and sustainably delivered gas to the Bonny NLNG, at an average rate of 40MMscf/d.
NDPR remains the only Nigerian independent operating company delivering gas to the Bonny NLNG Plant.
Zero Gas Flare
Through the Gas Utilisation Programme, NPDR has also effectively eliminated gas flaring from its oil production operations in the Ogbele field. This has helped to reduce harmful greenhouse gas emissions, which contribute to global warming.
This has therefore made NDPR fully compliant with the Federal Government’s Zero Gas Flare policy, making the firm get both international and local recognitions for its efforts.
GGFR Excellence Award
In 2015, NDPR received a World Bank Global Gas Flare Reduction Excellence Award conferred by the Global Gas Flaring Reduction Partnership (GGFR) hosted by the government of Khanty-Mansiysk Autonomous Okrug – Yugra (KMAO) in the Russian Federation, for its contributions towards global gas flare reduction.
NDPR had since then fully endorsed the World Bank 2030 Global Gas Flare Reduction (GGFR) Initiative and has submitted annual reports in compliance to this initiative.
Commenting on this, the Managing Director of NDPR, Dr ‘Layi Fatona, stated that, “Gas is a major resource for the country and its importance to the local energy mix is receiving increasing attention.
“At NDPR, the potentials of our meagre gas resources were recognized early on in our operations. NDPR’s gas strategy, together with other key investments, has enabled NDPR to transition into a fully integrated independent Nigerian operating company, allowing the full potential of Ogbele Field to be realized.
“NDPR remains proudly committed to global gas flare reduction measures. By minimizing the carbon footprint of our activities on the environment, we are helping to preserve the environment for generations to come.
“On behalf of the NDEP board, thank you to our staff, shareholders, and stakeholders for making the 50BScf gas milestone possible.”
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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