Economy
JAIZ Wins at Global Microfinance Forum
By Modupe Gbadeyanka
The foremost non-interest financial institution in Nigeria, Jaiz International has won three awards at the 6th Global Islamic Microfinance Forum (GIMF) organised by Centre of Islamic Banking and Economics in Nairobi, Kenya.
The organisation and its associated institutions – Jaiz Charity and Development Foundation, Jaiz Takaful Insurance Plc, Jaiz Zakat and Waqf Trust Fund won the awards.
The awards are Lifetime Achievement Award bestowed on the Chairman of Jaiz Foundation, Alhaji (Dr.) Umar Abdul-Mutallab, CON; Best Corporate Social Responsibility Award to Ambassador Adamu Babangida Ibrahim, Director General/CEO, Jaiz Charity and Development Foundation and The Best Rising Islamic Microfinance Personality Award was awarded to the Managing Director of Jaiz Takaful Insurance Plc -Mr Momodou Musa Joof.
Global Islamic Microfinance Forum is an annual apex gathering of Islamic Microfinance, Takaful, Islamic Banking, Rural Finance, Funder/ Donor agencies, Multilateral organizations and other allied sectors of Microfinance to address the poverty problems and their solutions through Islamic Microfinance. The awards which were granted after a rigorous evaluation of a record number of nominations by an internal research team and an award committee, recognize the industry leaders and promote the concept of poverty alleviation from over 35 participating countries.
Jaiz Foundation was a product of the first non-interest Bank in Nigeria; Jaiz Bank Plc. It was established as nonprofit, non-governmental charitable organization on the 2nd of April, 2012, to among other core areas of Charitable and other Sectoral interventions also act as a Corporate Social Responsibility implementing agency of Jaiz Bank Plc.
Jaiz Foundation for reasons including sustainability of its core functions, deemed it fit to invest in Shariah compliant ventures such as the established Jaiz Takaful Insurance Plc, and El-Jaiz Investments and Services Ltd. It has also established an independent institution; Jaiz Zakat and Waqf Trust fund, to handle the collection and distribution of Zakat as well as management of endowments (Waqf).
Jaiz Takaful Insurance Plc, which is wholly owned by Jaiz Charity and Development Foundation was incorporated on 31st January,2014 to transact Family Takaful and the Halal option of Pension Schemes and to transact in all classes of Non-Life Insurance such as Marine (Cargo, Hull and Liabilities), Fire, Motor, Accident, Aviation, Engineering, Property, Oil and Gas, Health, Micro-Insurance, among others.
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.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn