Economy
Ghana, Nigeria Win Big At West African Power Industry Awards
By Dipo Olowookere
The third edition of West African Power Industry Awards took place at the 2016 West African Power Industry Convention (WAPIC) held in Lagos, Nigeria and during the gala dinner; industry pioneers and projects were recognised and celebrated in eight different categories.
Business Post reports that ECOWAS Executive Director Mahama Kappiah, Mojec Meter and Power CEO Chantelle Abdul, Aggreko, Ghana’s GRIDCo and Solar Nigeria walked away with some of the top awards at the ceremony.
Held at the Eko Hotel and Suites in Victoria Island, the Special Recognition award went to Mahama Kappiah, Executive Director, ECOWAS Regional Centre for Renewable Energy and Energy Efficiency, Ghana while the Ghana Grid Company Limited (GRIDCo) walked away with the coveted Excellence in Power Transmission or Distribution Award.
Also, the Outstanding Woman in Power, Regional Award was won by Nigeria’s Chantelle Abdul, CEO, MOJEC Meter Company and MOJEC Power.
The full list of the finalists in the West African Power Industry Awards:
Special Recognition Award
Winner: – Mahama Kappiah, Executive Director, ECOWAS Regional Centre for Renewable Energy and Energy Efficiency, Ghana
Mahama Kappiah was eminent in the establishment of the Centre which aims to ensure increased access to reliable, affordable and clean energy in West Africa. Under his leadership, ECREEE has attained international recognition as a unique regional renewable energy and energy efficiency promotion agency in Africa.
Finalists:
– Abubakar Sani Sambo, Chairman, Nigerian Member Committee of the World Energy Council, Nigeria
– Akinwole Omoboriowo II, Chairman & CEO, Genesis Energy, Nigeria
– Atiku Abubakar, Deputy Managing Director, Transmission Company of Nigeria, Nigeria
– Eli Jidere Bala, Director General, Energy Commission, Nigeria
– Oladele Amoda, Eko Electricity Distribution PLC, MD & CEO, Nigeria
– Nicholas Okafor, Partner, Udo Udoma & Belo-Osagie, Nigeria
– Uzoma Achinanya, Managing Director & Chief Executive Officer, Emtech Energy Services, Nigeria
Excellence in Power Generation
Winner: Aggreko, West Africa
Aggreko has 1,300 MW on hire across 29 countries in Africa, including more than 550 MW in West Africa (serving customers across nine countries).
Finalists:
– Azito, Ivory Coast
– CIPREL Thermal Power Station, Ivory Coast
– Contour Global, Senegal
– Egbin Power Plc, Nigeria
– Volta River Authority, Ghana
Excellence in Power Transmission or Distribution
Winner: Ghana Grid Company Limited, Ghana
In line with Power Sector Reforms in Ghana, GRIDCo was established to undertake power transmission services in an open and transparent manner. The company has steadily invested in the transmission system to increase its transmission lines to over 5,100 circuit kilometres (km) and fifty-four (54) substations by 2015 and also introduced a higher voltage class (330kV) into the transmission network.
Finalists:
– Abuja Electricity Distribution PLC, Nigeria
– Benin Electricity Distribution Company, Nigeria
– Ibadan Electricity Distribution Company, Nigeria
– Kaduna Electricity Distribution Company, Nigeria
CSR Initiative of the Year
Winner: Solar Nigeria Programme, Nigeria
Businesses supported by Solar Nigeria provided more than 92,000 Nigerian homes with solar lighting or power systems between January and June 2016. More than 45,000 of these homes are located in Northern Nigeria.
Finalists:
– Africa GreenTec, Mali
– Ajima Farms and General Enterprises Nigeria Limited, Nigeria
– Green Energy & Biofuels, Nigeria
– Lagos Energy Academy, Nigeria
– Lagos Solar Project, Nigeria
– Light Up Lagos Initiative, Nigeria
Best Renewable Energy Project
Winner: GVE Projects Limited, Nigeria
GVE Projects Limited is through their flagship “GVE-P(TM)” mini-grid model, deploying reliable, sustainable but affordable energy solutions to rural off-grid dwellers. Since inception in 2012, GVE has impacted about 30,000 households through our energy service delivery model.
Finalists:
– Africa GreenTec, Mali
– Beijing Xiaocheng Company, Ghana
– Photaz Energy, Nigeria
– Solar Nigeria, Nigeria
– Sosai Renewable Energies Company, Nigeria
– Strategic Power Solutions, Ghana
Outstanding Woman in Power, Regional Award, West Africa
Winner: Chantelle Abdul, CEO, MOJEC Meter Company and MOJEC Power, Nigeria
As Chief Executive of Mojec Power and MOJEC Meter Company, Ms Abdul led the growth of the once small family business into one of the most iconic brands in the Nigerian power sector today as well as the largest smart meter manufacturer in Nigeria and possibly West Africa.
Future Energy Leader Award
Winner: Fadekunayo Adeniyi, Project Development Associate, Quaint Global Energy Solutions, Nigeria
Fadekunayo Adeniyi started renewable energy project development as part of the Quaint Global Energy Solutions team developing the 50 MW “ABIBA” solar power project in Kaduna State, Nigeria.
Innovation Award
Winner: Arnergy, Pay-As-You-Go Solar Home System
ARNERGY Pay-As-You-Go Solution is developed by Africans for Africans and it allows rural household and SMEs to rent solar power and using RANA, a proprietary mobile electricity vending apps that enables payment with or without mobile network.
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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