Economy
NAICOM Seeks Partnership With Governors to Deepen Insurance
By Adedapo Adesanya
The National Insurance Commission (NAICOM) has called for a partnership with the Nigeria Governor’s Forum (NGF) to deepen insurance penetration across the 36 states of the federation.
The Commissioner for Insurance and chief executive of NAICOM, Mr Olusegun Ayo Omosehin, disclosed this recently during his visit to the Director General of the forum, Mr Abdulateef Shittu, at the NGF Secretariat in Abuja.
According to a statement, the Director General, while welcoming the management of NAICOM, said the organisation has transformed into a policy hub for the state governors, also serving as its technical and administrative.
“The forum consists of the 36 state governors in the federation while the secretariat is the administrative arm and a resource centre for the forum, rendering services and policy formulation. The NGF secretariat is a one-stop shop for any business you want to do with the states,” the DG explained.
In his remarks, Mr Omosehin thanked the DG for the warm welcome, briefing him on the core mandate of the commission “which is supervising, regulating and developing the Insurance sector in Nigeria and by so doing it involves how the culture of insurance can be deepened by getting the Nation as a whole to comply with some of the compulsory Insurances as provided in our law.”
He noted that “at the federal level these are being driven by Federal agencies but at the state level, the commission needs some high level of cooperation and collaboration.”
He stated that the key reason why the organisation came to the NGF secretariat was to discuss how a coordinated approach can be adopted in working with the states and that the collaboration must start from engaging the NGF Secretariat as a policy hub for the state Governors.
The NAICOM chief said having been appointed a few months back, he and his team were trying to see how they could address some of the issues differently from the way they had been handled in the past to achieve a better result.
He mentioned that the commission chose to start with the NGF, where NAICOM could have an engagement with the secretariat and share ideas.
The CFI further stated the need for most of the laws on compulsory insurance to be domesticated by the states sighting the example of Lagos State.
He said that the fragmented approach in dealing with the states needs to be centralized and have all the states come on board, especially for motor third insurance and also to prevent revenue loss for the states in terms of IGR.
He added that there was also a need for awareness creation across the states on the value of insurance.
The Director General thanked the CFI and expressed optimism that now that the Commission has reached out, he believed that the partnership can bring a lot of positivity on deepen insurance penetration in the country.
The NGF Secretariat and NAICOM agreed that a concept note should be submitted for their review and since a delivery room assessment has already been conducted, the ball shall be kicked to start rolling immediately and a joint Committee was set to deliver on the assignment at hand.
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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