Economy
AIHN Installs Sonnie Ayere As President
By Dipo Olowookere
Chairman and Chief Executive Officer of Dunn Loren Merrifield Group (DLM), Mr Sonnie Ayere, has been sworn-in as the new President of Association of Issuing Houses of Nigeria (AIHN).
At an investiture ceremony held in Lagos on Wednesday, August 31, 2016, and attended by members of the group, Mr Ayere promised to take the association to greater heights.
Mr Ayere was installed at the ceremony alongside other key principals of AIHN, including Mr Ike Chioke as the 2nd Vice-President and Mr Chuka Eseka, 1st Vice-President.
The event was part of activities in the association’s Annual General Meeting.
In his address to members of the association, Mr Ayere called for a unified frontier by partnering with allied bodies such as the Chartered Institute of Stock Brokers (“CIS”), Pension Fund Operators Association of Nigeria (“PenOps”), Fund Management Association of Nigeria (“FMAN”), Association of Corporate Trustees (“TACT”) in resolving pertinent challenges that currently affect the efficiency of service delivery in the financial markets.
“We will invest in the education of our markets, investors and where necessary, regulators to ensure we achieve a positive change in the way our industry operates.
“When successful, universal securities firms should hopefully begin to operate and service investors and clients across a wholesome, viable and sustainable financial market, with access to sustainable liquidity to finance their operations.
“As such, these firms will be able to build very strong institutions, intermediate better, create lots of high value jobs, contribute to financial market stability and facilitate a much better market for capital raising and trading,” Mr Ayere said.
He also requested for the consideration of flexible fee structures, as an incentive within the market to accommodate interest of Issuing Houses in providing varied level of services to small and large transactions for companies.
The immediate past chairman of AIHN, Mr Victor Ogiemwonyi, commented that credibility and transparency of operational transactions in the market would help boost the confidence of Issuing Houses in Nigeria.
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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