Economy
Brand Name: Real Reason We Chose 9Mobile to Replace Etisalat Nigeria—CEO
By Dipo Olowookere
On Tuesday, Etisalat Nigeria confirmed changing its brand name to a new one called 9Mobile after its parent firm, the Etisalat Group in the United Arab Emirates (UAE), pulled out of the business in Nigeria.
In a statement issued yesterday, the firm described the name change as a testament to its dynamism, responsiveness and agility as a business, while leveraging on the power of technology to deliver innovative products and services that meet needs of its over 20 million subscribers.
In the statement, the CEO of 9Mobile, Mr Boye Olusanya, while explaining why the company settled for the new name, was quoted as saying, “Our new trading name, 9Mobile represents our 0809ja heritage, our 9ja-centricity, and our evolution over 9 years of operations in Nigeria.”
Etisalat launched commenced business in Nigerian at a time many observers thought the market was already saturated, but after rolling out its services, the network quickly won the admiration of many and gave a very tough fight to others, especially the market leader.
Since news of its name change went viral some days ago, some subscribers have feared that its quality of service might drop.
But Mr Olusanya allayed such fears, saying, “Although our trading name has changed, we remain true to the same values on which our company was built.”
He assured them that, “We will ensure that our core values of Innovation, customer-centricity, and superior quality of service remain the pillars upon which we operate.”
However, Mr Olusanya revealed that, “In order to ensure the change of name is delivered efficiently and responsibly, we will take a measured approach to the migration to the new brand over the next few months.”
“Therefore, as we go through this transition, our esteemed subscribers, we ask for your patience and reaffirm our commitment to remain a listening brand.
“We will continue to innovate, support, and empower you to do more – whether as an individual or a business,” he appealed.
But he expressed optimism that subscribers will “continue to believe in our new brand, which strongly reflects our innate creativity and youthfulness” based on the strong and resilient Nigerian spirit that resides in “us, uniting us with you our subscribers,” while reassuring them that, “We will remain committed to working together and exploring possibilities to achieve our mutual goals.”
Already, the company has effected the name change on its social media platforms as well as SMS notifications to its subscribers when account balance is checked.
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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