Economy
NEPC, NPA, Others Collaborate to Boost Nigerian Export Efforts
By Adedapo Adesanya
The Nigeria Export Promotion Council (NEPC) has disclosed that it was working with the Nigerian Ports Authority (NPA) to promote the use of alternative ports in the country.
It also noted that it was working on the construction of domestic export warehouses and common facility process centres for export commodities to enable the country to reap the benefits of the African Continental Free Trade Agreement (AfCFTA).
The Chief Executive Officer of the council, Mr Olusegun Awolowo, made the remark at a webinar themed AfCFTA: Revamping Nigeria’s Infrastructure for Global Trade organised by Arbiterz Media Limited.
He explained the moves would ease the export processes in the country, noting that the projects and initiatives would be completed and ready for take-off in the next six months.
He further said that the agency has identified 22 priority products for export as part of its zero oil plan to boost the country’s foreign exchange (forex) earning capacity.
“We are working on domestic export warehouse/aggregation centres to reduce the cost of doing business by MSMEs exporting companies. We are looking at Tincan and Apapa Ports so that we can decongest those areas.
“We are also working on common facility process centres for many of our commodities including shea butter, cashew among others in order to reduce the cost of fashion, cosmetics and agro-products to mention a few.
“We are working with NPA on trying to get other ports ready and decongest the Lagos ports. Last month, we did about 7,000 tons of cocoa from Calabar Port, which has never been done before,” he said.
On her part, Executive Secretary, Nigerian Investment Promotion Council (NIPC), Ms Yewande Sadiku, emphasised the importance of the internal work that Nigeria needs to do with ensuring that the private sector fully understands the implications of AfCFTA and that the government pro-actively empowers the private sector to leverage Nigeria’s clear competitive advantage for benefit.
Mrs Hope Yongo, who represented the MD/CEO of Nigerian Export-Import Bank (NEXIM), said the lender was promoting the regional sealink project under an SPV-PPP framework, adding that the project would, hopefully, commence by the fourth quarter (Q4) 2021 to enhance Nigeria’s trade connectivity under AfCFTA.
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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