Economy
Lagos Ready to Fund Quality Stats—Ambode
By Dipo Olowookere
Governor Akinwunmi Ambode of Lagos State says his administration is determined to provide funding to ensure that reliable, acceptable and right statistics were provided in good quality and timely.
Speaking on Wednesday in Lagos at the opening session of the 1st International Conference of the Nigerian Statistical Association (NSA) themed ‘Positioning National Statistical System for Data Revolution and Inclusive Development,’ the Governor said the importance of accurate data gathering to national development can never be pushed aside, urging the national body of all statisticians in the country to improve the process of data gathering and collation for the use of government institutions and research purposes.
The Governor, represented by his Special Adviser on Education, Mr Obafela Bank-Olemoh, stated that data collation and analysis were key to good planning in other to achieve all inclusive governance, adding that the present administration places a high premium on statistics for even distribution of basic social amenities across the state for the benefit of the citizenry.
While acknowledging the enormous task ahead of NSA and its professional members, the Governor tasked participants at the conference to use the platform to strategize the proper ways to carry out data collation, analysis and dissemination.
He promised that the state government was determined to provide funding to ensure that reliable, acceptable and right statistics were provided in good quality and timely.
He also expressed optimism that the outcome of the conference would help the state to redefine strategies for improving statistical data production, usage and dissemination.
In his address, the President of Nigerian Statistical Association (NSA), Professor Sidney Onyeagu said statistics help to provide sound information to enhance policy formulation and strategic planning in the public and private sector of the economy.
He noted that the conference will generate novel ideas that will help position national statistical system to address the challenges arising from data revolution and the need to provide data support policy makers towards achieving inclusive development.
Professor Onyeagu also acknowledged the tremendous improvement in social infrastructure and development in Lagos State since the inception of the present administration, adding that the Association, since its 41 years existence, had never received the recognition accorded it by the Lagos State Government from any other state in the country.
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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