Economy
Baru Tasks Oil Workers to Solve Industry Problems
By Modupe Gbadeyanka
Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has charged oil and gas workers across the country to work assiduously towards proffering viable solutions to the industry’s numerous challenges.
Dr Baru made the call during the closing ceremony of the 17th edition of the Nigerian Oil & Gas Industry Games (NOGIG 2018) held on Saturday at the Teslim Balogun Stadium in Lagos.
He also called upon the oil workers to get involved in sporting activities towards improving their productivity and service delivery.
“Without doubt, there are lots of advantages in getting involved in sports. People who participate in sports exhibit quality lifestyle both at home and in the workplace. Since they are more active, their brains proffer some of the most efficient and viable solutions to the challenges of the Industry today,” Dr Baru stated.
According to the GMD, a number of ailments are attributable to inactivity characterized by lack of exercise and a care-free lifestyle among people.
The GMD also tasked the participants to always make integrity and sportsmanship their watchword. “This is because at the end of it all, every one of you here is considered a winner.”
Congratulating the various sportsmen and women who participated at the biannual sporting showpiece, Dr Baru called upon them to go back to their respective companies and unleash their potentials towards maximum productivity and effective service delivery for the benefit of the entire Oil and Gas Industry.
He said NNPC remained committed to identifying with the lofty ideals of the games which he said were aimed not just at mere participation, but fostering unity and cordial relationships among the entire oil and gas workforce across the nation.
He commended the Local Organising Committee for its tireless effort towards ensuring “not only a successful tournament but one that everyone in the industry is proud of”
Earlier in her remarks, the Representative of the Minister of State for Petroleum Resources and the Director, Safety, Healthy & Environment at the Department of Petroleum Resources (DPR), Mrs Onyebuchi Sibeudu described sports as a unifying force among people which should always be encouraged.
She expressed satisfaction over the performance of the sportsmen and women, stressing that some of the talents on display today show that the Oil and Gas Industry has what it takes to take Nigeria to sporting stardom.
Several other chief executive officers of the International Oil Companies (IOCs) operating in Nigeria spoke on the attraction for sports to forge lasting friendship and strategic partnerships amongst oil workers in the country.
At the end of the week-long games, Shell Nigeria emerged the overall winners, clinching nine gold, 10 silver and eight bronze medals to cart home the 2018 trophy.
NNPC placed second with eight gold, 10 silver and 13 bronze medals, while the third place went to Chevron, which amassed seven gold, two silver and five bronze medals.
NLNG beat ExxonMobil to fourth place after winning five gold, five silver and five bronze medals with ExxonMobil, collecting two gold, five silver and six bronze medals. NAOC took sixth position with two gold, two silver and nine bronze medals.
While Seplat and OVH Energy failed to appear on the medals table, Total, NCDMB, DPR, Eroton and PTI placed 7th, 8th, 9th, 10 and 11th respectively.
The bi-annual tourney, which is the 17th in the series, featured 10 events namely: football, basketball, swimming, 8-ball pool, chess, scrabble, athletics, squash, lawn tennis and table tennis.
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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