Economy
African Oil Stakeholders to Gather in London May 24
By Dipo Olowookere
On May 24 and 25, 2017, stakeholders in the oil and gas industry in Africa will converge in London for the 16th Africa Independents Forum.
The event is one of the foremost events on the international oil and gas calendar and brings together all stakeholders in Africa’s upstream oil and gas to review the state of the industry and exchange ideas on game-changing opportunities for the future.
Examining up-to-date and emerging exploration plays and capital development projects with insights into Africa’s large and undiscovered hydrocarbon reserves, the state of Africa’s geo-economics of oil and the way forward with an overview of key issues shaping the future of funding and ventures in Africa’s upstream sector.
Corporates will benefit from invaluable insights, rethinking Africa’s financing and investments.
The Egyptian General Petroleum Corporation, principal state oil company of Egypt, will demonstrate investment opportunities in the Egyptian upstream sector, revealing regulatory framework for petroleum exploitation in the country in addition to incentives offered by EGPC to attract foreign investment considering the current economic climate.
Developing & driving change in Africa’s upstream industry, key independents will present its E&P strategic repositioning, shaping the continent’s exploration and development future and upstream growth aspirations.
“We have just relinquished the Chad acreage as a result of our revised strategy to progressively exit exploration and make entry into producing assets”. Peter Ntephe, President, Chief Executive Officer and Director of ERHC Energy will present on Wednesday, 25th May with an overview of its strategies for exploration in Sub-Saharan Africa.
According to the programme, the 79th PetroAfricanus Club Dinner will take place on Wednesday, May 24 at the Waldorf Hilton, with guest speaker, Jasper Peijs, Vice President of Exploration Africa, BP, London.
The next day, the 8th Global Women Petroleum & Energy Club Luncheon will hold also at The Waldorf Hilton, with guest speaker, Sandy Stash, Group Vice President, Safety, Sustainability and External Affairs, Tullow Oil, London.
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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