Economy
Hyde Energy Marks 11 Years of Growth, Innovation With #Hydelympics
By Adedapo Adesanya
Nigeria’s indigenous energy trading company, Hyde Energy, marked its 11th anniversary with a special Hyde Sports Fest and Family Fun Day tagged #Hydelympics at the Fun Factory in Lekki. The event featured various activities, including a football competition with other major oil companies in Nigeria.
Commencing operations in 2012, Hyde Energy has grown from exporting and importing crude oil and refined petroleum products to establishing Hyde retail stations, launching a comprehensive range of lubricants, and developing an end-to-end LPG distribution system.
The company has also grown its reach in the last 11 years and now serves customers from offices in Lagos, Abuja, Port Harcourt, Calabar, and Mauritius.
With a commitment to being an integrated company of choice in the African market, Hyde Energy, a year after its 10th anniversary, has made significant progress. As the owners of one of Nigeria’s largest lubricant manufacturing facilities, with the capacity to blend 30,000 litres of lubricant per day, Hyde Energy recently rebranded its lubricants to showcase innovation as a leader in the lubricants industry. The company also commissioned a new LPG facility with a capacity of 40 MT in Makurdi, the Benue State capital.
The chief executive of Hyde Energy, Mr Oladimeji Edwards, said, “We are incredibly proud of one another, our story, and our journey so far. From the day we opened our doors in November 2012, we have not looked back. It is our aspiration to build a much bigger organisation, not just a global trading business, and with this goal, we have achieved significant milestones in the last 11 years. We are committed to continuing to grow and innovate in the years to come.”
In celebrating the anniversary and fostering relationships with key stakeholders, the company hosted the Hyde Sports Fest and Family Fun Day with several activities such as children’s face painting, paint and sip, giant Jenga, and tug of war.
The major highlight of the day was the football competition featuring Hyde Energy, Prudent Energy, Eterna, and Rainoil, with Eterna emerging as the inaugural winner of the competition.
Expressing gratitude, Mr Oladimeji stated, “We are so thankful to them for honouring our invitation along with all our other guests”
“As we commemorate our 11th anniversary, we reflect on our journey from humble beginnings to becoming a leading indigenous energy trading company in Nigeria. This would not have been possible without the unwavering support of our valued stakeholders, customers, partners, and employees. To express our gratitude and foster deeper connections, we have organised this event filled with exciting activities for all ages,” Mr Oladimeji said.
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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