Economy
How Exporters Can Boost Non-Oil Export With e-Commerce—NEPC
By Ashemiriogwa Emmanuel
The Nigerian Export Promotion Council (NEPC) has tasked exporters in the country to explore e-commerce to boost Nigeria’s non-oil export sector and reach global markets.
The Regional Coordinator, South West, NEPC, Mr Samuel Oyeyipo, made the call while speaking at a sensitization workshop organized by the agency in Lagos themed Earn Dollars by Selling on Amazon.
Speaking on the situation caused by the global pandemic on Nigerian export businesses, Mr Oyeyipo cited that conditions have necessitated exporters to think out of the box to ensure continuity in their businesses.
He explained that taking advantage of e-commerce would give Nigeria’s non-oil exporters the leeway to access international markets effectively.
On this note, he said that the workshop is aimed at enabling participants’ access information needed to enhance the quality of their products and make them suitable for the international market and placement on the Amazon platform.
“These responsibilities we must take with all seriousness they deserve. The workshop is therefore designed to be participatory in nature as it would enable us to share our field experiences with a view to enriching our knowledge on product development and conditionality for earning dollars through selling on the Amazon platform.
“In addition, the importance of this gathering is underscored by the fact that some of you as managers in your company are saddled with the responsibility of generating information that could be used for planning and access to the foreign market,” Mr Oyeyipo explained.
Speaking at the workshop, the Managing Director of Export and Sell in the United States of America (USA), Mr Udeh Nduka, stated that Nigeria was yet to leverage the Africa Growth Opportunity Act (AGOA) to its fullest potential as far as non-oil export is concerned.
Being the legislation that assists the economies of sub-Saharan Africa and to improve economic relations between the United States and the region, Mr Nduka added that only Uganda and Kenya have been effectively taking advantage of the act.
According to him, “I will not say we have not utilized it, but we have not utilized it to the level we ought to, but when you look at statistics, Nigeria is one of the countries doing the most under AGOA because of petroleum, but when we look at the non-oil, we have not done much.
“We have countries like Uganda, Kenya doing amazing things with respect to non-oil under AGOA, but we are looking to change all that.”
He also disclosed that the main reason why Nigerian products are rejected at the international market is that most exporters do not know the requirements and lack the ability to configure their products to meet international standards.
He said, “This is one of the things we do at Export and Sell in the USA. If you bring a product that you want to export, we make sure that the product meets the specifications. We do not want exporters spending their hard-earned money on exporting and at the end of the day, get their products rejected.
“This is the worst thing that can happen to any business. It is not that these countries are rejecting our products based on standards, it is we back home that are not doing our homework to know the requirements for exports.”
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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