Economy
NEPC Calls for Submission of EEG Baseline Data
By Modupe Gbadeyanka
The Nigerian Export Promotion Council (NEPC) has asked exporters interested in or those already registered for the Export Expansion Grant (EEG) scheme submission of 2013, 2014, 2015 and 2016 baseline data for the purpose of determining their EEG rates for 2014, 2015, 2016 and 2017 non-oil exports respectively to begin the submission from Wednesday, March 29, 2017.
In a statement signed by Mr George Enyiekpon, the Director of Export Development & Incentives for the Executive Director/CEO of the agency, Mr Segun Awolowo, it was explained that this development followed the lifting of the suspension of the scheme by the Federal Government.
The NEPC said the documentation requirements include complete Baseline forms 1A, 1B, 1C and their annexes. It said the forms can be assessed on www.nepc.gov.ng. Also, exporters are to provide Audited Financial Statements, which must include Value Added Statements for the respective base years.
However, the agency said photocopies of Financial Statements are not acceptable, stressing that any photocopy must be duly certified by the Company’s Auditor.
“Companies, who are submitting baseline data for the first time should in addition to the above, submit their Financial Statements for 2011, 2012 and 2013, if applicable. New companies should submit their current Management Account and Projected Financial Statements for 2018,” it said.
It was stated further that in order to ensure that the information provided in the baseline data forms conform with what is contained in the Audited Financial Statement, all exporters are further requested to provide analysis of Turnover into Local and Export Sales, analysis/Schedule of Total Export Sales (N) showing the conversion rates used, and details of addition to Fixed Assets during the Year as well as breakdown /analysis of Cost of Sales into local and Foreign Input (Raw materials and packaging).
NEPC emphasised that all figures must correspond to the information provided in the Audited Financial Statement for the period under review and all exporters must include in their submission the company’s 5-year Export Expansion Plan (EPP).
The agency said for orderly and smooth processing of EEG applications, the submission of baseline data will close on April 27, 2017, pointing out that applications will only be submitted after the determination and communication of EEG rates to exporters.
NEPC warned that “there shall be no extension of the deadline,” advising exporters “to strictly adhere to the guidelines on the Revised Guidelines on EEG. Incomplete or illegible documents will not be accepted.”
The NEPC said that it would “not accept responsibility for claims denied in respect of incomplete and illegible documents,” noting that “all submissions must be addressed to the Executive Director/CEO, NEPC.”
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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