Economy
Lagos Business School Honours Onosode, Others at Alumni Dinner
By Modupe Gbadeyanka
Some deserving alumni of the prestigious Lagos Business School (LBS) were recently honoured at the annual Alumni President’s Dinner to celebrate its 25th anniversary.
At the grand event precisely held at Harbour Points, Victoria Island, Lagos on July 2, an award was presented to the distinguished alumni 2017, Engr. Peter Bamkole, Director of the Enterprise Development Centre, Pan-Atlantic University, for his contribution towards the development of small and growing businesses in Nigeria and Africa.
The President’s award was presented to the Gamaliel and Susan Onosode Foundation, while prizes were also giving out for active participation in alumni events and the class cohesiveness. Winners included the Overall Best Class 2016 and Best AMP Class 2016, won by the Advanced Management Programme (AMP) 26; Best OMP Class 2016 won by Owner Manager Programme (OMP) 19; and Best SMP Class 2016, won by Senior Management Programme (SMP) 48.
In her opening remarks, the Dean of Lagos Business School, Dr Enase Okenodo said the institution recorded high level achievements during the course of the year which had made LBS certificate more globally accepted.
“Since our last dinner in 2016, we have gotten two global accreditations from the Association of MBAs (AMBA) and the Association to Advance Collegiate Schools of Business (AACSB), which has made us part of the elite five percent of global schools globally,” she said.
She further said that the School maintained its Financial Times ranking of Global Business Schools for the 11th consecutive year.
The Alumni Director, Ms Bunmi Afolabi, reiterated the vision of the Alumni Association to provide continuing education, networking opportunities and help in professional and career development.
The event was sponsored by Globacom, Standard Chartered Bank, Custodian and Allied Insurance, Swift Networks, Emirates, Nestle, Chi Limited and Nigerian Breweries.
Other sponsors included Trimart, Insight Communications, Sapetro and Grover Medical.
The Alumni Dinner, which is held once a year, had glowing words from the attendees who had a wonderful evening.
Various individuals went home with prizes including lunch dates with Bola Adesola, Managing Director of Standard Chartered Bank; Wale Oshin, Group Managing Director of Custodian and Allied Insurance; and Claire Omatseye, Managing Director, JNC International. Other prizes included a couple’s return ticket to Dubai, refrigerator, television set, Samsung S8 phones, DSTV decoders, grocery shopping vouchers and medical check-up gift certificates.
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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