Economy
14 Furniture Designers Showcase Designs at Durban Decorex
By Dipo Olowookere
Fourteen furniture designers from different provinces showcased their designs at the Durban Decorex, which took place in Durban from March 18-21, 2017.
These designers received financial support from the Department of Trade and Industry’s (the dti).
According to the Minister of Trade and Industry, Dr Rob Davies, the dti participation at Decorex was a continuous strategy to support different sectors to showcase their capabilities and skills in different platforms across the country.
“As the department we also want to raise and nurture design capabilities in the country and grow the industry’s competitiveness by encouraging new product design and differentiation. That is why it is relevant for us to take part at South Africa’s largest décor, design and lifestyle exhibition,” says Davies.
Kim Dempsey, who designs from her own home in Edenvale says the decorex exhibition is a great platform to market her Pod desk which she entered for the dti Furniture Competition.
“I think it is incredible that I received more interest in my piece of work since we started exhibiting two days ago. All I need to do now is work on the pricing and designing of different pieces for urban work space furniture,” says Dempsey.
Dempsey adds that the exhibition is the start of greater things to come, as she is planning to start her furniture business in a small scale and expand in the near future.
The winners of the annual Furniture Design Competition will be announced today at the Durban Exhibition Centre. The competition is one of the Industrial Policy Action Plan (IPAP) furniture programs, to respond to design skills shortage in the furniture industry.
The main objective of the design competition is to raise and nurture design capabilities in the furniture sector, raise the image of the furniture manufacturing industry in the country, to reposition and to grow the industry’s competitiveness by encouraging new product design and differentiation.
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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