Economy
Byte Empowers Nigeria Businesses with Innovative Tools, Resources
By Adedapo Adesanya
Byte, a pioneering business operation and management technology startup based in Nigeria, is empowering business owners to supercharge their growth.
With its innovative mobile app, Byte offers a wide range of features that streamline operations, provide instant business accounts, replace manual sales and inventory recording, offer financing and overdraft options, and simplify sales analytics for business owners.
Byte seeks to address the major challenges faced by entrepreneurs, granting them more time, access to business insights, funding, and the energy to run profitable enterprises.
In the upcoming weeks, Byte will unveil its game-changing Point of Sale (POS) system, a feature-packed solution designed to transform the business landscape in unprecedented ways.
Speaking on Byte’s plans, Mr Khalid Ismail, co-founder and CEO of Byte, said, “Our mission at Byte is to revolutionize the business landscape in Africa by providing business owners with the tools and resources they need to accelerate growth.
“Our team is committed to offering a futuristic and innovative approach to solving the challenges faced by entrepreneurs, ultimately helping them build thriving businesses.”
With the Byte app, business owners can effortlessly record daily income and expenses, access simplified analytics about their business activities, manage stock and inventory, and receive faster payments from customers through digitized invoicing and receipts.
Byte’s simplified analytics empower business owners to make well-informed decisions by providing valuable insights into their business activities, optimizing performance, and identifying growth opportunities.
In addition to its core features, Byte offers an array of powerful tools to supercharge businesses. Users can manage stock and inventory, handle bills and utility payments, establish a smart online store, add and manage team members, recover debts from customers, make bulk payments to vendors and partners, and even schedule payments, all within one intuitive platform.
Adding his input, Mr Dolapo Balogun, co-founder and CMO of Byte, highlighted the platform’s popularity among Nigerian business owners, saying thousands of entrepreneurs rely on Byte to drive their business growth, attracted by its user-friendly interface and exceptional customer support.
He emphasized that Byte’s payment system ensures seamless and affordable transactions, eliminating lengthy payment cycles and high transaction fees. With digitized invoicing and receipts, business owners can receive payments faster, enhancing the overall customer experience.
“Business owners interested in joining the Byte community and leveraging its cutting-edge solutions can download the Byte app from the App Store. Discover how Byte can maximize efficiency, productivity, and profitability in your business,” he said.
Byte aims to revolutionize business growth by providing entrepreneurs with a comprehensive suite of tools and resources.
From streamlining operations to simplifying financial management and offering access to financing options, Byte empowers business owners to build successful enterprises.
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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