Economy
FG Partners USA On Security
Nigeria has promised to work with the United States of America (USA) so as to tackle the various security issues affecting both countries.
This was the resolution reached between the two nations during a meeting recently in Abuja.
Minister of Interior, Abdulrahman Dambazau, said the Nigeria was ready to partner with America on Security Governance Initiative (SGI) programme.
He noted that the focus areas of the SGI initiative is in line with President Muhammadu Buhari administration’s three main focus areas of Good Governance, Transparency/Accountability and Security, stating that the SGI involves all security agencies in the country, and not limited to just agencies under the Ministry’s purview.
He made this known when he received the United States’ delegation on SGI.
The Minister added that a steering committee would be set up to over-see and implement the joint action plan that would be drawn up after the deliberations.
Earlier, acting Deputy Chief of Mission, US Embassy in Nigeria, Alan Tousignant said the Security Governance Initiative programme was launched in August 2014 by the Obama administration, to help some African countries, including Nigeria, identify security challenges, and assist in the best way in managing security outfits to efficiently and effectively deliver security and justice to its citizens.
He added that United States has identified three priority focus areas to help the country. These are enhancing the Ministry of Interior’s nationwide emergency response, planning and coordination; enhancing the Ministry of Defence material need’s identification, procurement and acquisition procedures and processes; and enhancing civilian security planning for the Northeast.
The acting Deputy Chief of Mission added that at the end of the deliberations, a draft copy of a joint-country action plan that would outline the road-map for security problems and solutions would be produced.
In his remarks, leader of the delegation, Ambassador Nolan said a lot would be achieved from the exchange of ideas and goals on key issues concerning security, and that the US Government would provide technical support for Nigeria, assuring that the partnership would continue after the expiration of President Obama’s administration.
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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