Economy
Lagos International Trade Fair Begins November 5
By Adedapo Adesanya
The 2021 edition of the Lagos International Trade Fair (LITF) will kick off on Friday, November 5 and end on Sunday, November 14 at the Tafawa Balewa Square (TBS).
This was disclosed at a press conference by the Chairman, Trade Promotion Board of the Lagos Chamber of Commerce and Industry (LCCI), Mr Gabriel Idahosa, on Wednesday in Lagos.
The annual trade fair organized by the LCCI is the biggest trade fair in Nigeria and in the West and Central Africa sub-regions of the African continent.
This year’s fair, which is the 35th edition since inception, has the theme Connecting Businesses, Creating Value and according to the organisers, over 200,000 visitors are expected at the fair while about 1,500 exhibitors from 16 countries with an exhibition space of 28,000 square metres will be at the TBS over the 10-day period.
He said that African businessmen and women would be hosted at the Africa Hall of the TBS to promote intra-African trade.
“The objective of the hall is to bring exhibitors from all African countries under the same umbrella to showcase their goods, services, arts, crafts, regulatory services and particularly to promote Intra-Africa trade.
“We believe that Africans must grow trade and investment among themselves to give full activation to the Africa Continental Free Trade Area (AFCFTA).
“In further pursuit of this objective, we will have the Africa Special Day at the Fair this year and investment and trade promotion agencies of some African countries have shown interest in this,” he said.
Mr Idahosa revealed that the LCCI’s marketing and customer care officials would be mobilised to the TBS to start attending to exhibitors and partners who may wish to start preparations at the venue.
“This does not stop them from attending to exhibitors in the Commerce House in Victoria Island or visiting the exhibitors in their offices as they may desire,” he said.
He listed some of the premium partners at the 2021 LITF to include the Bank of Industry (BoI), TGI DISTRI; a health and safety partner, FEDAN Investment Limited, Lifemate furniture, among others.
Mr Idahosa assured exhibitors of maximum security, uninterrupted power supply, sustained automation of bookings, the availability of the LITF radio, improved exhibition service centre and properly managed traffic management and related logistics.
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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