Economy
Why We Established Indigenous Certification Body—NECA
By Taiwo Omilani
Director General designate of the Nigeria Employers’ Consultative Association (NECA), Mr Timothy Olawale, has said the objective of establishing the first global indigeNigeria nous certification body is to make Nigeria products and services acceptable globally.
Speaking with newsmen in Lagos, Mr Timothy said, “The objective of the Project is to support the development of missing standards, quality control bodies and encourage improvement of quality of products and services exchanged in the Nigerian markets.”
According to him, the body, NECA’s Global Certification Limited (NGCL) target is to enhance local business competitiveness and removal of technical barriers to global trade among the indigenous companies.
This is in line with the National Quality Infrastructure Project (NQIP) objectives, which was established four years ago by the federal government.
NECA, with supports from the European Union and the United Nations Industrial Development Organisation (UNIDO), established the body.
“As a key stakeholder in the Organised Private Sector of Nigeria, we supported the establishment of NGCL (NECA’s Global Certification Limited) as an indigenous certification body,” he said.
He said further that, “In line with the NQIP objectives and with technical support from UNIDO, NGCL has successfully gone through the process for International Accreditation.”
Mr Olawale said NGCL has been internationally accredited as the first indigenous Certification Body in Nigeria to provide certification and training services for companies locally and internationally.
“The establishment of NGCL and its accreditation as a Certification Body by the Egyptian Accreditation Council (EGAC) assures us of better access to Certification of Management Systems, standardization, enhanced business competitiveness and removal of technical barriers to global trade.
“The accreditation of NGCL has come at a time when the focus of the government is on diversification from the Oil Sector and the promotion of exports from other Sectors. This major milestone will enhance business competitiveness, impact the quality infrastructure landscape in Nigeria and break barriers to global trade,” he said.
The NECA chief disclosed that some of the benefits of certification include: continual improvement of business management systems processes, business growth through improved productivity and profitability, assurance and confidence in the quality of goods and services further to certification by an accredited third party organization, marketability of goods and services, compliance to statutory and regulatory authorities.
Also speaking, Chief Executive Officer of NGCL, Mrs Celine Oni, said one of the good thing about the certification is that it has the backing of the International Accreditation forum, which also has Egyptian Accreditation Council (EGAC) as a member.
She also clarified that NGCL will certify the system and process of the products and not necessarily the end product, adding that every other government agents has a role to play in the certification of a product.
She said, “The NGCL has already taken off and more than 3000 products are already certified and 300 personnel also trained. There is no duplication with what Standard Organisation of Nigeria (SON) is doing. The SON certifies the products, while NGCL takes care of the entire process, give proper information about the business and products. The certification in ISO 9001: 2015 shows that such product coming out of Nigeria can be trusted.”
The UNIDO representative, Mr Rotimi Olaoluwa, said the global body interest in supporting NECA, an Organized Private Sector was to ensure that quality products come out of Nigeria and to reduce the rate at which Nigeria products are being rejected internationally.
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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