Economy
Flutterwave Seeks Tinubu’s Support to List on Nigerian Exchange
By Aduragbemi Omiyale
A prominent financial technology (fintech) company, Flutterwave, has sought the support of President Bola Tinubu as it plans to list its shares on the Nigerian Exchange (NGX) Limited.
At a meeting with President Tinubu on Saturday, the chief executive of the firm, Mr Olugbenga Agboola, said Flutterwave has been a star of Nigeria on the global scene.
According to him, the company has made it easy for citizens to pay for some global services with Naira and provided payment platforms for Nigerians in the diaspora who are willing to send money to families and relatives in the country.
He said Flutterwave, valued at over $3 billion, is a Nigerian export and brand employing over 1,000 Nigerians.
In his response, Mr Tinubu promised to support the firm and other fintechs providing payment infrastructure services for Nigerians and Africans.
He said Nigeria is genuinely open to business, and as President, he is determined to remove all obstacles to allow companies to thrive, commending Flutterwave’s commitment to building capacity in the digital economy sector, especially as it is being made possible by energetic, young Nigerians.
President Tinubu said he was honoured to be the President of a country with such a youthful and resourceful population, saying what Flutterwave provides in the digital world is what Nigeria needs today to grow its economy and make life easier for most of its population.
Also speaking, the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, said Flutterwave has made significant progress since its establishment 10 years ago.
He further said it has created jobs and helped diversify the economy by providing innovative digital platforms and payment services in Nigeria and across Africa.
On his part, the chief executive of the Ministry of Finance Incorporated (MOFI), Mr Armstrong Ume Takang, said that as Africa’s biggest economy, Nigeria must demonstrate its economic prowess by strategically positioning products and services by Nigerian companies, such as Flutterwave, in the homes of all Africans.
The chief executive of the National Information Technology Development Agency (NITDA), Mr Inuwa Kashifu Abdullahi, noted that Flutterwave spends millions of dollars monthly on hosting services, but that money goes to other countries, suggesting supporting Galaxy Backbone’s hosting services to enable it to handle companies like Flutterwave.
Flutterwave, a leading Fintech company founded by young Nigerians and headquartered in Lagos, operates in the US, Canada, Nigeria, Kenya, Uganda, Ghana, South Africa, and 29 other African countries.
Also present at the meeting with President Tinubu was the chief executive of Alami Capital, Ms Oluseun Olufemi-White.
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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