Economy
LCCI Postpones Lagos International Trade Fair
By Adedapo Adesanya
The Lagos Chamber of Commerce and Industry (LCCI) has announced the postponement of the 2020 edition of the Lagos International Trade Fair due to the economic disruptions brought about by the COVID-19 pandemic and the recent #EndSARS protests that rocked the nation.
According to the chamber, the fair which will feature both physical (in-person) and virtual (online) platforms, was initially scheduled to hold from November 6 to November 15, 2020, at the Tafawa Balewa Square, Lagos, but will now hold from Friday, December 4 to Sunday, December 13, 2020.
According to the Director-General of the LCCI, Mr Muda Yusuf, “The resolve to hold the 2020 edition of the fair is in line with the need for quick restoration of normalcy in the economic and commercial activities in Lagos State and our support for the ongoing “Protect Lagos” Campaign, which is geared towards rebuilding the Centre of Excellence.
“In addition to the General Interest Fair, the annual international business expo will also feature Special days for corporate organisations to showcase their inventions, innovations, and sustainability initiatives simultaneously with the fair.
“The focus, this year, is to facilitate trade and chart a way forward for the economy to exit the impending recession.”
Mr Yusuf added “The exhibition will also facilitate networking amongst exhibitors and between exhibitors and visitors. The Fair is expected to attract huge traffic of visitors seeking to take advantage of the networking opportunities and discounted prices.
“Corporate organisations including multinational corporations, indigenous conglomerates and financial institutions as well as corporate organisations from the West African sub-region have indicated interest to participate in the exhibition.”
The LCCI DG also emphasised that relevant agencies and departments of the government will be available to exhibit and attend to other exhibitors and visitors. He stated that agencies that have confirmed attendance to provide information and educate exhibitors and visitors are Bank of Industry (BOI), Nigerian Export Promotion Council (NEPC), Corporate Affairs Commission amongst others.
Mr Yusuf then added that “so far, so good the excitement that the fair has generated has been phenomenal and we are indeed happy about our strategic partnership with our stakeholders.”
The Lagos International Trade Fair is the largest international exhibition in West Africa. The Trade Fair is the premier International Trade Fair in Nigeria with the spectacular 10-day event usually starting on the first Friday of November, annually.
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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