Economy
Mutual Benefits Assurance Appoints Ashiru-Mobolaji as Director
By Modupe Gbadeyanka
Mr Biyi Ashiru-Mobolaji has been appointed as the Executive Director in charge of Operation at Mutual Benefits Assurance Plc.
Mr Ashiru-Mobolaji’s appointment was made by the Board of Directors of the firm and it takes effect from April 1, 2017, though subject to regulatory approvals.
In his new role, Mr Ashiru-Mobolaji will oversee the Technical and Marketing & Distribution Channels of Mutual Benefits Assurance Plc.
He is a Chartered Insurance Practitioner with a Higher National Diploma in Insurance from the Polytechnic Ibadan in 1996, an alumnus of Lagos State University, where he bagged a Master in Business Administration (MBA) in 2005 and Lagos Business School where he attended the Senior Management Programme in 2007
He began his career with a stint in Femi Johnson Insurance Brokers in 1992, where he had his first practical experience by working in the Executive Support Unit.
In 1998, he joined Mutual Benefits Assurance as a management trainee in the Technical Department.
The next year, he became the youngest employee to qualify as a Chartered Insurance Practitioner in the company.
He rose through the ranks and became a Senior Manager in 2007 following which he was deployed to pioneer the Micro-Insurance Department after a comprehensive training with International Cooperative and Mutual Insurance Federation (ICMIF) in Manchester, United Kingdom.
After successfully establishing the micro-insurance department and placing it on a pedestal of growth, He was challenged by being transferred in 2009 to the Republic of Cameroon as the Chief Executive Officer of Assurances Generales Du Cameroon, a subsidiary company of Mutual Benefits Assurance Plc. He held this position for 3 years and turned around the fortune of the company and put it on the path of profitability.
On his return to Nigeria in 2012 he became the Head of Technical Operations. In 2013 he became Deputy General Manager Business Development and in 2016 General Manager heading the Marketing and Distribution Directorate of the company before his new appointment.
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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