Economy
BDC Operators Donate N10m to CACOVID, Share Food Items
By Modupe Gbadeyanka
Some authorised foreign exchange (forex) dealers under the aegis of Association of Bureaux De Change Operators of Nigeria (ABCON) have donated N10 million to the private sector-led Coalition Against COVID-19 (CACOVID) Relief Fund, spearheaded by the Central Bank of Nigeria (CBN).
The group led by its president, Mr Aminu Gwadabe, stated that the money was doled out to support the on-going efforts of the federal government to curb the spread of coronavirus in the country.
“In this, the Association has donated N10 million to the CBN inspired CACOVID Relief Fund,” the ABCON boss said.
He also said the association donated some essential food items to 2000 families across the six geopolitical zones of Nigeria as its contribution to mitigating the impact of the COVID –19 pandemic on households.
“Today in Lagos we are donating food items to over 200 families through the Destitute Home, Yaba, Lagos. The items include bags of rice, cartons of noodles and macaroni.
“Similar donations were made by the ABCON zonal executives in Abuja, Kano in Kano State, Awka in Anambra State, Benin, Edo State, and Maduguri in Borno State,” Mr Gwadabe said while presenting the items to the Destitute Home in Yaba, Lagos State.
He said while the COVID-19 pandemic has impacted severely on the economy and the livelihood of millions of people across the world, it is also an opportunity to demonstrate love and support to the poor and vulnerable members of the society.
He said that ABCON, in this regard and as a socially responsible organisation, decided to focus its support on the poorest of the poor in the society, stressing that this prompted the donation of essential food items to over 2000 families, representing the poorest of the poor families in the country.
He further said, “We have also taken measures to protect BDC operators and their customers from the coronavirus.
“For this purpose, ABCON has distributed over 20,000 face masks, hand sanitizers and infra-red thermometers to over 5,000 BDC members in all our cash disbursement centres across the country.”
“Also, in compliance with the social distancing guidelines, we have implemented automation of our queuing/crowd management system in all disbursement centres across the country to ensure minimum crowd gathering,” he added.
Mr Gwadabe assured the CBN and members of the public of ABCON’s commitment to smooth and orderly access to foreign exchange and its commitment to a stable exchange rate regime in the country.
While commending the federal and state governments for the decisive steps being taken to curb the spread of the coronavirus and mitigate its impact on the economy, he said “ABCON believes that Nigeria will emerge from the COVID-19 challenge stronger and more united.
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