Economy
Expert Highlights Ways to Achieve Financial Security
By Aduragbemi Omiyale
A financial literacy expert, Ms Tosin Olaseinde, has advised that in order to have a better financial second half report, one must start saving now.
She said achieving financial security is not rocket science, noting personal finance is a long-term project which mostly requires the right mindset, at 80 per cent, to succeed and only 20 per cent of knowledge.
Speaking at a special Grow With V webinar themed What Does Your Half-Year Finance Report Say? the founder/CEO of Money Africa stressed that being resilient, having multiple streams of income, and building emergency funds, are key attributes of an individual on their way to financial security.
At the event organised by VBank and anchored by the Public Relations and Communications Manager for VFD Group, Ms Lolade Nwanze, she said “the first step to financial independence is planning; what you don’t track you can’t follow through with.
“Emergency fund is extremely important. How much emergency fund do you have? Start thinking about being resilient; think of what to fall back on and how many streams of income to create. You don’t look for money when you need it, you start to look for it before you need it.”
Ms Olaseinde noted that investing in interest-yielding platforms is far better than putting one’s money in the traditional rotating savings and loans systems popularly called ‘ajo’ or ‘esusu.’
She described the latter as inefficient and warned against Ponzi schemes while stressing that compounding and time remain the best partners for financial growth.
Advising on what to invest in, the expert said, “Hedge your money by investing in stable currencies. When thinking of where to invest, think stocks, bonds, hedge funds, private capital etc.
“Remember that preservation of capital is better than high rewards when considering high-risk ventures. plan, re-evaluate, benchmark and don’t stop tracking.”
Grow With V is a monthly webinar session that brings subject experts in different knowledge areas into the same virtual room with young individuals, professionals and SMEs.
In the past, it has featured Noble Igwe, Mai Atafo and popular Instagram store owner, Maureen Edwin.
In this second half of the year, VBank is partnering with individuals and businesses to help grow their finances via a personal finance series.
VBank is a digital banking platform that allows individuals to set up a full-fledged banking account in two minutes and provides products like fixed deposits, loans and target savings as well as a budgeting feature to encourage tracking and accountability.
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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