Economy
INEC Announces Date for 2023 General Elections
By Adedapo Adesanya
The Independent National Electoral Commission (INEC) has announced the date for the 2023 general elections in the country.
INEC Chairman, Mr Mahmood Yakubu, made the announcement on Wednesday during a one-day public hearing on the National Electoral Offences Commission (Establishment) Bill 2021, organised by the Senate Committee on INEC.
According to the INEC boss, the 2023 general elections are exactly one year, nine months, two weeks and six days or 660 days from today.
The last general polls in Nigeria took place in 2019 and President Muhammadu Buhari was re-elected for another term in office for four years.
“By the principle established by the commission, the 2023 general election will hold on Saturday, February 18, 2023, which is exactly one year, nine months, two weeks and six days or 660 days from today,” he said.
“We hope to release the timetable and schedule of activities for the general election immediately after the Anambra governorship election scheduled to hold on 6th November 2022,” he added.
Speaking further, the chief electoral umpire in the country said, “In order to do so, there should be clarity and certainty about the electoral legal framework to govern the election. We are confident that the National Assembly will do the needful in earnest.”
Mr Yakubu noted that one of the numerous responsibilities carried out by the commission is the prosecution of electoral offenders, describing it as the most challenging duty for INEC.
He lamented the delay in the prosecution of electoral offenders has been one of the most challenging tasks for the commission since its establishment.
“For instance, since the 2015 general election, 125 cases of electoral offences were filed in various courts out of which 60 convictions have been secured so far, including the most recent one in Akwa Ibom State,” he lamented.
“The commission would like to see more successful prosecution of offenders, not just of ballot box snatchers and falsifiers of election results but most importantly their sponsor.
“We look forward to the day when highly placed sponsors of thuggery, including party chieftains and candidates that seek to benefit from violations of the law, are apprehended. We believe that the work of the proposed Commission will help in this regard,” he submitted.
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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