Economy
FG Disburses N56.8bn Survival Fund to One Million Nigerians
By Ashemiriogwa Emmanuel
The federal government has disbursed N56.8 billion to over a million persons and businesses in Nigeria, including those registered under the Corporate Affairs Commission (CAC) under the survival fund scheme.
This was disclosed by the Minister of State, Industry, Trade and Investment, Mrs Maryam Katagum, while speaking at a news conference held yesterday in Abuja.
The Minister, who is also the chairperson of the survival fund steering committee, said that, “To date, we have successfully disbursed the sum of N56,842,780,000 to 1,079,323, including those registered under CAC.
“The federal government is set to roll out the last component of the survival fund known as the Guaranteed Off-take Scheme (GOS).”
Being the last track of the government’s Micro Small and Medium Enterprises (MSMEs) survival fund scheme, the GOS initiative is a component of the Nigeria Economic Sustainability Plan (NESP) which is targeted at 100,000 beneficiaries.
Mrs Katagum, however, explained that only 65,976 applications were received for the scheme as at the time the portal for registration closed.
She said that 50,032 out of these applications scaled the pre-qualification test and were shortlisted, adding that the beneficiaries must be Nigerians with valid Bank Verification Number (BVN) and have a staff strength of, at least, three.
The Minister further explained that the delay in the commencement of the scheme is drawn from problems in other programs such as failed payments, balancing value, and ensuring equity among states.
Given that the COVID-19 pandemic reduced the demand for corporate and household products and commodities, she remarked that the Guaranteed Off-take Scheme was initiated to assist small businesses.
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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