Economy
FG Pledges to Further Support Dangote Cement
By Adedapo Adesanya
The federal government has said it was in partnership with Dangote’s Obajana cement factory in order create over 35,000 jobs for the teeming unemployed youths in the country.
It was noted the partnership with Obajana cement factory should result into over 11,000 direct jobs and 24,000 indirect jobs, making it one of the greatest employers of labour in the country.
The Minister of State for Mining and Steel Development, Mr Samson Ogar, made this disclosure while on an inspection tour of Dangote cement factory, Obajana in Kogi State on Thursday.
Mr Ogar said the present administration has decided to embark diversification from oil, which is currently having decline in price at the global market as a result of COVID-19. He said one of the ways of diversifying the economy was to look at other many sources available.
”With what is happening to oil in the international market, we can no longer rely only on oil as our source of revenue; there is a need to explore other avenues to shore up our earnings and create jobs opportunities to our teeming youths,” he said.
Speaking further, he said government was making efforts to curb illegal mining in order to generate more funds to carry out various developmental projects in the country.
“We are not saying that individuals cannot mine, but we are saying come and legitimise your business by obtaining a proper licence and don’t deny us legitimate revenue that would enhance income and provide jobs for our youths,” the Minister said.
He said in furtherance of this goal, the federal government was ready to give tax relief and other incentives to investors who are ready to invest in the country especially in the steel and mining sector.
According to him, this was one of the reasons for visiting the Dangote Cement factory, to explore an area of collaboration between the federal government and the private sector to see how they can assist them to increase productivity and enable them to employ more people.
In his remarks, the company’s Executive Director, Mr DVG Edwin, commended the Minister for the visit, describing it as first of its kind that a top government official would be visiting the plant, adding that the visit signifies a new beginning which the company will leverage on.
He said the cement factory, which is currently the second largest in the world, has four-line production outlet with the fifth being currently constructed and upon completion, will produce 16.3 metric tonnes a day from its current 13.5 metric tonnes which will see it as the biggest facility in 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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