Economy
NOGP to Host International Energy Investors in Lagos
By Adedapo Adesanya
Plans are already being made to hold the first-ever Nigeria Oil, Gas & Power (NOGP) Conference & Exhibition in Lagos on October 26-27, 2021.
The event, which will be organised by Africa Oil & Power, will focus on the path forward for Africa’s largest economy post-COVID-19, with an emphasis on gas monetization and power generation. Participants will explore the incredible potential for gas-to-power, LNG and downstream diversification to power Nigeria’s economy in the long-term.
According to Mr James Chester, “As the largest holder of proven natural gas reserves in Africa and the ninth-largest holder in the world, Nigeria has an incredible role to play in the development and monetization of natural gas on the entire African continent.
“Despite these incredible gas reserves, however, Nigeria has long struggled to harness its gas potential, with consistent flaring and underdeveloped reserves. With 55 per cent of Nigerians lacking access to electricity, the time to get serious about gas-to-power is now.”
Following the proposed Year of Gas in Nigeria, NOGP 2021 will bring gas and power generation to the forefront of the conversation as a solution for economic development and diversification, job creation and building a sustainable future for all Africans.
The conference will also highlight the marginal fields licensing round held in 2020, bringing new entrants to the market to the table. As indigenous companies and internationals alike seek financing and survival strategies to combat low oil prices and economic fallout, making deals will be crucial for 2021.
“The conference will welcome investors from China, India, the US, the Americas and Europe who are looking for bankable projects and partners in Nigeria and across the continent. Those investors want to get deals done,” Mr Chester added.
NOGP will feature top government officials, leaders in the international energy industry and the key actors in the Nigerian energy industry and international investors for three days of networking, deal-making, training and vital discussions on the future of the energy sector and the Nigerian economy.
It was also disclosed that NOGP 2021 is a proud participant in the Equalby30 initiative, which aims for equal participation of women in the energy sector by 2030.
Commenting on this, Ms Kelly Mealia, Chairperson of Africa Oil & Power noted, “Nigeria has a long history in the petroleum sector but we look forward to highlighting and celebrating women in energy.
“The conference will also feature high-level and mid-level training opportunities, as Africa Oil & Power highlights and encourages capacity-building throughout Africa.”
Panel discussions, presentations and debates will highlight the reorganization and de-risking of Nigeria’s power generation sector; opportunities in renewables; flaring and upstream opportunities in gas; gas monetization strategies and downstream diversification, as well capacity-building.
NOGP 2021 as been touted as the ideal platform for policymakers, investors and dealmakers to map out the future of Nigeria’s energy sector and get deals done.
Nigeria Oil, Gas & Power 2021 joins a series of country-specific and industry-wide conferences organized by Africa Oil & Power throughout the continent, including in Angola, Gabon, South Africa, Equatorial Guinea, South Sudan and Mozambique.
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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