Economy
2016 Lagos International Trade Fair Begins
By Modupe Gbadeyanka
The annual Lagos International Trade Fair has been declared open by the state Governor, Mr Akinwunmi Ambode.
Performing the opening ceremony on Friday at the Tafawa Balewa Square, Mr Ambode reiterated his commitment to continually improve the business climate towards attracting more local and foreign investments as well as create more job opportunities.
The Governor, who was represented at the event by the Secretary to the State Government, Mr Tunji Bello, said the state government would not relent in its efforts until it achieves an increase in productivity preparatory to achieving the dream of becoming Africa’s model megacity by 2025.
“As a pro-active government, I will like to re-affirm that we shall not relent in our efforts, knowing so well that the task of achieving the goal of sustainable trade and industrial devolvement is by no means an easy task.
“Rather, it thrusts upon us the challenge of evolving sound policies that will stand the test of time and also generate the much-needed roadmap for our journey to economic prosperity,” the Governor said.
Mr Ambode maintained that the present administration is committed to the improvement of business environments and as such, has embarked on traffic de-congestion, illumination of streets at night, road construction and enhancement of security apparatus across the state.
He further said that the state government was partnering with Lagos Chamber of Commerce and Industry (LCCI) on advocacy for the enthronement of policy consistency through alignment of fiscal and monetary policies.
Governor Ambode stated that this year’s “Positioning the Nigeria Economy for Diversification and Sustainable Growth”, was chosen to address urgent issues that would facilitate the turning-around of the nation’s economy for good.
He commended the leadership of the LCCI under Mrs Nike Akande for their commitment, doggedness, tenacity and diligence in sustaining the history and success of the Lagos International Trade Fair which is regarded as the foremost in Sub-Sahara Africa, adding that this is the 30th edition since LCCI commenced the hosting of the fair.
Governor Ambode emphasised that the increase in numbers of participants recorded every year by the fair is a manifestation of its effectiveness as a business exposition and a worthy platform for economic transformation; imploring participants from various walks of life to make this year’s fair a success.
Earlier in her welcome address, Mrs Akande called on Nigerians to focus on non-oil economy for a greater development of the country, adding that the growth of diversification would be sustained with the support of Lagos State Government and LCCI.
Also speaking, the National President of National Association of Chamber of Commerce, Industry, Mines and Agriculture, (NACCIMA) Chief Bassey Edem, said the Lagos International Trade Fair provides ample opportunities for industries to showcase their goods in line with the diversification policy of the government.
He applauded the state government for its partnership and appealed to the administration to ensure that it speeds up work on the provision of a permanent site for the annual trade fair ceremony.
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.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn