Economy
UK Expresses Willingness to Attract More Investments to Nigeria
By Aduragbemi Omiyale
The United Kingdom has promised to continue to strengthen its business relationship with Nigeria, one of its former colonies.
The Deputy British High Commissioner, Lagos, Mr Ben Llewellyn-Jones, said his country was particularly ready to always support the Nigerian Exchange (NGX) Limited and attract more investments to the country.
Speaking last Friday when he was honoured with the virtual closing gong ceremony, the diplomat said the UK and the exchange have a very cordial relationship of many years.
“It gives me great pleasure to be here today especially given the shared history between the United Kingdom (UK) and the exchange.
“History is always with us in the sense that the UK is still very active in the Nigerian market, with Nigeria being the second-largest destination for investments and UK business in Sub-Saharan Africa.
“My role is to not only celebrate that but to grow, encourage and sustain this level of participation.
“Although it has been a difficult year economically and financially, I am encouraged by the resilience, creativity and positive performance of British businesses and investments here in Nigeria and I am grateful for this opportunity to talk about how much the UK will continue to do to support Nigeria and British businesses in Nigeria,” Mr Llewellyn-Jones said while expressing his gratitude for being given the privilege to sound the virtual gong to bring the day’s trading activities to a close.
In his remarks, the Chief Executive Officer of NGX Limited, Mr Temi Popoola, thanked the UK for always supporting the exchange.
“I am particularly pleased to be hosting the British Deputy High Commissioner, Lagos, Mr Ben Llewellyn-Jones OBE, as my first closing gong ceremony in this NGX era.
“Since the birth of the Lagos Stock Exchange, the British High Commission has remained a partner and supporting institution throughout our journey.
“One of the recent shows of support was in our 2020 International Women’s Day celebration which was graced by Harriet Thompson, British Deputy High Commissioner as the special guest of honour,” he said.
“In the spirit of continued partnership, I welcome Mr Llewellyn-Jones to the NGX as I look forward to deepening the partnerships between both organisations to further drive sustainable economic development for Nigeria and Africa as a whole,” he further said.
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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