Economy
Lagos Orders Arrest of Cart Pushers, Wheel Barrow Operators
By Dipo Olowookere
A total ban has been place on operations of cart pushers and wheel barrow operators by the Lagos State government.
As a result, the state government has directed security agencies to arrest and prosecute anyone found violating the ban as well as those patronising them.
Secretary to the Lagos State Government, Mr Tunji Bello, in a statement on Saturday, explained that the ban was announced because activities of the cart pushers were inimical to the environmental cleanliness in the state.
Mr Bello said with the flag off of the Cleaner Lagos Initiative (CLI), the continuous activities of cart pushers would pose a threat to the success of the initiative.
He said investigations had also revealed that the cart pushers were responsible for most of the illegal dumping of waste in canals and road medians at night which causes flooding, adding that aside constituting environmental nuisance, they were also traces of security threats.
“What the state government has discovered is that these set of people use the night to perpetrate all sorts of dastardly acts. They dump refuse indiscriminately on the median of major roads and highways.
“They also pose serious security threats because they use those carts to hide arms and ammunitions and hide under the guise of carrying refuse to rob unsuspecting residents,” the statement said.
Mr Bello noted that government has finalised plans to ensure that the CLI would cover every area of the state and ensure that refuse were well packed and collected, urging residents to desist from patronising them or risk prosecution.
“The state government has declared zero tolerance for the activities of cart pushers and wheel barrow operators.
“Security agencies in the state have been directed to ensure that those found still operating are arrested and prosecuted according to the state environmental laws.”
“The law also applies to residents who patronise cart pushers. It is an offence and the state government would not hesitate to enforce the law to put a stop to such practice,” Mr Bello added.
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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