Economy
Borno Governor Seeks 10,000 Extra N-Power Slots
By Modupe Gbadeyanka
Governor Kashim Shettima of Borno State has urged management of the Federal Government’s N-Power project to consider allotting extra 10,000 slots to the state.
Explaining the reason for this, Mr Shettima said the devastating effects of various acts of terrorism carried out in the state over the years by members of Boko Haram made it necessary to give Borno State a special attention in order to make it recover faster.
He also solicited same consideration for Yobe and Adamawa State, the two other worst hit states in the north east region.
Citing examples of Chibok, Bama and Gwoza, where the Emir and some of his children were killed, the Governor said “If you want to assist us or add value, cover every part of the state because no part hasn’t been unaffected… We need your support and we would continue to partner with you.”
He praised the N-Power implementation and monitoring team for “standing the test of time despite misgivings and mischief makings.”
Mr Shettima, while receiving the N-Power implementation and monitoring team, explained that while some other states were now jostling to be recognized as the ‘worst hit state by Book Haram’, statistics by the World Bank and other agencies have shown that Borno accounts for $5.6 billion of the total $9.5 billion lost to the drawn out battle against terrorism in Nigeria.
Governor Shettima said his state was open to any idea or initiative that advances the welfare of Borno citizens without discrimination for ethnic group or religion.
This, he said, reflects in the appointment of people in his team. “What we emphasize is equity, justice and fair play…any Nigerian resident in Borno has every right to call himself a son of Borno…
“It doesn’t matter where you’re from. What matters is your capacity, passion and aggression to add value”.
The Governor further urged everyone, without recourse to ethnic or religious prejudice, to focus on reviving Nigeria, the ‘sleeping giant of Africa’, to take its pivotal role in global affairs.
“We are wearing white, but most of us, our hearts are black and religion has become a body of ritual devoid of any capital value. More harm has been done in the name of God than in any other name…
“The worst is over and we are ready for development. We are one nation with a common destiny,” he said.
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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