Economy
FG May Pay Defunct Nigeria Airways Workers in March
By Dipo Olowookere
If information reaching us is anything to believe, workers of the defunct Nigeria Airways may finally shout for joy.
This is because there are strong indications that the Federal Government may eventually pay their full benefits about 13 years after the company, then run by the government, was liquidated.
According to Daily Times investigations, the government has done all necessary verifications to ensure payment of the workers whose over 30 percent had died as a result of various ailments since liquidation following their inability to access funds for medical bills and good up keep.
Minister of State for Aviation, Mr Hadi Sirika, had in a function in Lagos told journalists that his headache was sourcing for funds to settle the former workers of the liquidated Nigeria Airways.
A total of N74 billion is required to offset the former workers bills and the leadership of the ex-workers are agitating for the payment of both the living and their dead colleagues.
It was however gathered that the government has agreed to their demands and has made all necessary documentation to effect payment before March 2017.
The workers were last paid on five years’ calculation between 2007 and 2008 but they are agitating for 25 years pay.
Since the liquidation, the ex-workers of the airline have been living in the trenches fighting for payment of their entitlements.
The airline has lost about 700 workers as a result of ailments while those alive continued with the struggle to get paid.
According to the Secretary General of Association of Nigerian Aviation Professional (ANAP), Comrade Abdulrasaq Saidu, the payment of former Nigeria Airways workers has been long overdue.
It has gotten to the level when the money will not be relevant when they are paid.
Mr Saidu lamented that the proceeds from the sale of Nigeria Airways till today has not been declared to the public on how much it was sold with all its properties all over the world.
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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