Economy
Naira Redesign: Buhari Meets Ex-Presidents, Governors, Emefiele, Others
By Dipo Olowookere
President Muhammadu Buhari is currently having a crucial National Council of State meeting with some former presidents of Nigeria, serving governors, heads of the two chambers of the National Assembly, the Governor of the Central Bank of Nigeria (CBN) and others.
The gathering, which is taking place at the State House in Abuja, is believed to have been called to discuss the Naira redesign policy of the central bank, which has created tension across the country.
The Governors of Kaduna, Kogi, and Zamfara State approached the Supreme Court recently to stop the implementation of the deadline for swapping the old notes for the redesigned N200, N500, and N1,000 denominations today, February 10, 2023.
On Wednesday, the apex court gave an interim injunction to suspend the policy and fixed February 15 for a hearing of the matter.
President Buhari, after some governors of the ruling All Progressives Congress (APC) appealed to him last weekend to prevail on the CBN chief, Mr Godwin Emefiele, to extend the deadline by six months, promised to get back to them within seven days, which is this weekend.
It is believed that Mr Buhari wants to seek the advice of critical stakeholders before making a decision, which is why today’s meeting is taking place.
Business Post gathered that present physically at the meeting include Mr Goodluck Jonathan, Mr Yakubu Gowon, Mr Abdusalam Abubakar, Vice President Yemi Osinbajo, Senate President Ahmad Lawan, Speaker of House of Representative Femi Gbajabiamila, Governor Nasir El-Rufai, and Mr Emefiele, amongst others, including the service chiefs and the chairman of the Independent National Electoral Commission (INEC), Mr Mahmood Yakubu, who is expected to brief the council on the preparations for the 2023 general elections, which begins later this month.
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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