Economy
CBN Reassigns Pre-Shipment Agents for Non-oil Exports
By Adedapo Adesanya
The Central Bank of Nigeria (CBN) has reassigned two pre-shipment inspection agents; Carmine Assayer and Cobalt International to inspect all non-oil exports emanating from northern and south-western parts of Nigeria.
This was disclosed by Director, Trade and Exchange Department of the CBN, Mr Ozoemena Nnaji, in a circular titled Notice of Re-assignment of Pre-Shipment Inspection Agents for Non-oil Exports on Thursday.
According to the CBN Director, Carmine Assayer has been re-assigned from the northern zone to serve as PIA for non-oil export for the south-west zone, comprising Lagos, Ondo, Osun, Ekiti and Ogun states.
On the other hand, Cobalt International was re-assigned from the south-west zone to the north-central, north-east and north-west zones handling states that fall under that zone.
The Pre-Shipment Inspection Agents (PIA) have also been charged to report all unwholesome activities or substandard exports to the Nigerian Shippers Council (NSC).
According to the apex bank, PIAs are also expected to submit monthly, quarterly and annual statistical returns on export transactions to the Federal Ministry of Finance, Central Bank of Nigeria, Nigerian Export Promotion Council (NEPC), National Bureau of Statistics, Office of the Secretary to the Government of the Federation and the Nigeria Customs Service.
The guideline from the Ministry of Finance stipulates that any PIA that consistently fails for a period of three months to submit a monthly report on or before the 10th day of the subsequent month shall receive a query from the Ministry, while any PIA that fails to submit same for up to six consecutive months within the same year shall be deemed as non-performing and would have its contract terminated.
“On the other hand, if it is established that it is the fault of the shipping line/agent, it shall be reported to the Nigerian Shippers Council for appropriate sanction.
“Failure of any PIA to report attempts to export substandard goods should immediately result in a query, warning and subsequent suspension,” the guidelines explained.
PIAs are responsible for the inspection of all non-oil exports from the country, with the exemption of goods prohibited for exportation from Nigeria as contained in the annual Fiscal Policy guidelines.
This means the quality, quantity and price competitiveness of non-oil exports from Nigeria are done by them as well advising the fair value of the products exported and if satisfactory, issue a Clean Certificate of Inspection (CCI) in respect of such products.
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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