Economy
NEPC Plans Exports of Products in Every Local Government
By Adedapo Adesanya
The Nigerian Export Promotion Council (NEPC) has said that Nigeria will commence the Export 774 programme with a target to identify exportable products in the 774 local government areas in Nigeria.
This is as the country works towards boosting exports in the country after it recorded a total of 214 products exported from the shores of the country in 2022.
The Executive Director of NEPC, Mr Ezra Yakusak, said this at a conference organised by the Commerce and Industry Correspondents Association of Nigeria (CICAN) co in Abuja, themed The Role of the Non-Oil Sector Toward Economic Diversification, Gross Domestic Product (GDP) Growth.
Mr Yakusak said that Nigeria exported that number of products due to value addition and good packaging.
The NEPC boss emphasised that proper packaging and value addition were critical to optimising the value of any product.
He said that adding value to produce and ensuring proper packaging would guarantee acceptability in the world market.
Mr Yakusak attributed the low value of agricultural produce from Nigeria in the international market to the raw state in which they are exported without processing and packaging to attract more financial value for them.
According to him, exporters will earn more revenue from their produce if they add more value to it.
“Nigeria is so blessed, we have so many products in this country that you will be amazed,’’ he said.
“We just realised that people are not aware of the products we have.
“We informed the world that we exported 214 products in 2022, and people were surprised that we had such products and we exported that much.
“So, because of that, at NEPC, the management has agreed to inaugurate a programme called Export 774’’.
“The Export 774 is targeted at identifying the products in all the 774 local governments of Nigeria.
“We identify them, we identify their potential, and of course, the specific places where they are cited.
“We will put them in a kind of compendium to compare two of those products before they are exported.
“Export 774 is one of the projects we are going to execute this year,’’ Yakusak said.
On his part, Mr Ifeanyi Onuba, the Chairman of CICAN, expressed the association’s optimism about the growth of Nigeria’s economy through non-oil exports.
According to Mr Onuba, recent developments have shown that the federal government’s drive for economic diversification from the oil to the non-oil sectors, given the volatile nature of crude oil prices, is yielding the desired results.
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.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn