Economy
FG Commissions Fashion Hub for MSMEs in Ogun
By Modupe Gbadeyanka
The federal government on Tuesday commissioned an ultra-modern fashion hub for MSMEs and the refurbished Asero Adire market, all in Abeokuta, Ogun State.
The Vice President, Mr Kashim Shettima, who performed the commissioning during the second edition of the Expanded National MSME Clinics in the state capital, said it was part of the efforts of the national government to support small business owners in the country.
Mr Shettima also announced the handover of 200 newly refurbished stores for the use of 400 entrepreneurs at the popular Asero Adire market in Abeokuta, saying the beneficiaries will use the stores free of charge for one year, after which they will be charged discounted rates for the use of the facilities.
According to him, this gesture is part of efforts by President Bola Tinubu’s administration to support small businesses by providing an enabling environment for them to thrive.
“The National MSME Clinics serve as a bridge between us—between the people and the government. They are designed to bring the government near the people by convening all regulatory agencies under one roof.
“This journey further reinforces my conviction that our paramount responsibility as a government is to persist in crafting an enabling environment that allows these small businesses not only to thrive but also to expand their horizons,” the VP was quoted as saying in a statement issued by his spokesman, Mr Stanley Nkwocha.
He noted that the overall objective of the government is to “foster an ecosystem where innovation flourishes, where the entrepreneurial spirit of Nigeria shines brightly on the global stage, and where our collaborations yield immense dividends.”
He expressed confidence that with little support, MSMEs across the country can deploy their talents, creativity and boundless energy to build more viable enterprises.
In his remarks, the Governor of Ogun State, Mr Dapo Abiodun, thanked the federal government for the fashion hub and the refurbishing of the Adire market.
He also outlined innovations by the state government in creating an enabling environment for small businesses, leveraging technology and introducing grant schemes for them.
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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