Economy
CBN, Bank of Ghana For SWIFT Business Forum West Africa
By Modupe Gbadeyanka
The first ever SWIFT Business Forum West Africa slated for November 8, 2016, will have representatives from the Central Bank of Nigeria (CBN) and the Bank of Ghana speak at the event, the organisers have disclosed.
The forum is expected to bring together over 200 high-level financial representatives from across West Africa for a day of keynote speeches and interactive panel sessions. It will feature several senior speakers and strategic thinkers from both Nigeria and Ghana.
Mr Adelabu Adebayo, Deputy Governor, Operations at the Central Bank of Nigeria, and Mr Millison Narh, the First Deputy Governor of the Bank of Ghana, will take part in the panel on Policy in Action: Challenges Facing West Africa, to discuss the impact of the economic downturn, increased expectations around compliance and developments in technology on policy formation in West Africa.
The session will focus on FX and liquidity management, financial crime compliance and financial inclusion.
“SWIFT is a key player in the Nigerian financial community and a trusted partner,” said Mr Adebayo. “I am delighted that the first ever Business Forum West Africa will take place in Nigeria, one of the leading economies in Africa.”
“SWIFT plays an instrumental role in Africa’s financial markets,” said Mr Millison Narh. “I am delighted to take part in this exclusive event, which is a great opportunity for the Ghanaian financial community to learn, share, network and find common solutions to the challenges facing the region.”
Mr Akpan Ekpo, Director General of the West African Institute for Financial and Economic Management will provide delegates with an economic overview of the region.
Mr Epko has published over 200 articles in respected national and international journals and is a consultant to many international organizations such as the World Bank, African Economic Research Consortium and the European Commission.
The growing roster of experts that will address the Business Forum West Africa includes:
- Dipo Fatokun, Director of Banking and Payments Systems, Central Bank of Nigeria
- Joseph Akunyumu Tetteh, Director of Banking, Bank of Ghana
- Abdoulaye Barry, Director of Financial Integration, West African Monetary Institute (WAMI)
- Kyari Bukar, CEO, Central Securities and Clearing Systems
- Segun Sani, CEO, Lakewood Investments and Trust
- Tayo Asupoto, General Manager of Settlements at GT Bank
- Ike Williams, CIO at Heritage Bank
- Sam Okenye, Chief Information Security Officer at the United Bank for Africa
- Tunji Alabi, Chief Information Officer, Fidelity Bank Ghana
Sido Bestani, Head of the Middle East, Turkey & Africa, SWIFT, says: “West Africa is a dynamic and varied region that contains some of the largest and highest growth economies in Africa. The Business Forum West Africa provides a unique platform for leading experts from across the continent to discuss the most significant issues facing the region”.
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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