Economy
2018 Nigerian Economic Summit Holds October 22
By Dipo Olowookere
October 22 and 23, 2018 have been fixed for this year’s Nigerian Economic Summit (NES 24) taking place in Abuja.
Addressing newsmen on Tuesday, Minister of Budget and National Planning, Mr Udo Udoma, disclosed that this year’s event will focus on good governance as a path to sustainable human and economic development, tilting towards the Economic Recovery and Growth Plan (ERGP) of the federal government.
According to him, the ‘Poverty to Prosperity: Making Governance and Institutions to Work’ theme for 201 NES 24 is structured along five key thematic areas of corruption and rule of law: effective public institutions; sustainable economic opportunities; human development and; participation and citizens’ rights.
Mr Udoma said this present administration has sustained the fight against corruption and security has also been enhanced across the country to tackle all forms of criminal activities including kidnapping and terrorism; while reforms have been introduced to reduce the cost of governance, promote transparency in the management of public resources, block leakages, raise productivity and ensure value for money.
Others include efforts at moving the people from poverty to prosperity, creating employment and empowerment opportunities, combating hunger, improving health and educational infrastructure, enhancing transport and power infrastructure, among others, the Minister said this year’s gathering is designed to accelerate progress towards the implementation of the governance component of the ERGP.
“The ultimate goal is to stimulate discussions on accelerating implementation of ERGP strategies on governance in order to enhance the social welfare of the Nigerian people,” he stated.
The Minister was particularly pleased that the Startup Pitching Events which was introduced into the Summit programme last year to connect startups registered in Nigeria, as a platform for creating and expanding opportunities in the country, is already gaining traction.
“I am pleased to note that more than 745 startups have already submitted their applications through the applications portal which was opened on the 1st of August, 2018. Eight selected startups will be invited to pitch in front of venture capitalists and angel investors,” he revealed.
He was confident that this year’s Summit will present a good opportunity for discussion among leaders and citizens to deepen civic engagement on how to accelerate the achievement of the governance component of the ERGP.
Recalling the theme of last year’s Summit, ‘Opportunities, Productivity and Employment: Actualizing the Economic Recovery and Growth Plan,’ the Minister said that Summit was out to get stakeholder commitment to the structural and fiscal changes required to link policy to economic opportunities, skills and competencies that deliver them so as to achieve the aims of the ERGP.
The outcome of that Summit, according to him, inspired the focus of this year’s outing, noting that government has continued to implement the various strategies outlined in the ERGP and the outcomes of the Economic Summits towards enhancing good governance and strengthening of institutions; the results of which he said are encouraging.
Chief Executive Officer of the Nigerian Economic Summit Group (NESG), Mr ‘Laoye Jaiyeola, expressed the appreciation to the federal government for the collaboration that has seen the hosting of the Summit for the past 24 years.
The Nigerian Economic Summit is organized annually by the Nigerian Economic Summit Group (NESG) in collaboration with the Federal Government of Nigeria, represented by the Ministry of Budget and National Planning. It is a forum for dialogue amongst top policymakers and corporate leaders.
It brings together government officials, representatives of the private sector, development partners, the civil society and some members of academia to reflect on issues constraining Nigeria’s national development, with the aim of building consensus so as to evolve common strategies and policy frameworks for addressing the issues.
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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