Economy
2017 Ota Trade Exhibition Begins November 30
By Modupe Gbadeyanka
All is now set for the maiden edition of the Ota Trade Exhibition (OTE), which is slated for Thursday, November 30, to Sunday, December 3, at the Ijamido Town Hall in Ota, Ogun State.
Already, many entrepreneurs, especially those in the small and medium-scaled sector, have started jostling for space at the event so as to showcase their products to the array of people ready to storm the exhibition.
Organisers of the event, Perfect Brands, explained that the 2017 OTE is aimed at supporting Nigeria’s quest to achieve a virile industrialised economy by providing a platform for the nation’s small and medium scale enterprises.
According to Chief Executive Officer of Perfect Brands, Mr Fisayo Ajibola, the theme of the fair ‘Providing Veritable Platform for Commerce and Industry Growth’ is apt and timely in the face of the current economic realities which underscore the need for diversification and inter-sectoral synergy.
Mr Ajibola, during the unveiling and public presentation of the OTE 2017 prospectus, called on all industry players to support the efforts of the local government in making Ota, the business hub of Ogun State a force to reckon with.
Also speaking at the event, the Executive Chairman of Ado-Odo/Ota Local Government, Prince Bashir Oladele Adeniji, said the he was delighted to be host the exhibition at this crucial time when the country’s economy is undergoing a recovery from recession it slumped into last year.
He expressed optimism that this exhibition will impact positively on the socio-economy of Ota and its neighbours as it will further open up Ota to world and positions it towards maximizing its full potentials as the industrial and commercial nerve centre of Ogun State.
“The exhibition will bring people from all walks of life to Ota from manufacturers to vendors and shoppers and this is good for us all. Everyone will benefit when the biggest and quality brands come to display in Ota.
“Our government is looking forward to this and we enjoin everyone to embrace the unique opportunity and make the best out of it. We as a government will continue in our effort to ensure the ease of doing business,” Mr Adeniji added.
The exhibition project coordinator, Mr Abiodun Ogundele, also disclosed that 50,000 visitors and over 500 exhibitors across the country were expected at the general consumer fair billed to last four days.
“The fair will close with a gala night and an interactive session that will afford experts, business owners and other stakeholders the opportunity to discuss ways to position Ota as the mainstream of commercial activity in Ogun State and as well network in a relax atmosphere” Mr Ogundele assured.
Ota Trade Exhibition is an annual fair that will have multinationals, local manufacturers and SMEs among others showcase their services and products to the whole world at large.
It will also be an avenue for companies within and outside Ogun State to have a first-hand feel of their consumers and intimate them with their product and services.
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