Economy
Nigeria Issues 58,000 Visas to Foreign Investors at Lagos Airport
By Dipo Olowookere
Comptroller of the Nigeria Immigration Service (NIS) in charge of the Murtala Muhammed International Airport (MMIA), Mr Abdullahi Usman, has disclosed that not less than 58,000 visas have been issued to foreigners at the airport located in the Ikeja area of Lagos State.
Mr Usman, in a chat with newsmen at the airport, stated that most of the visas were issued to foreigners coming into the country to invest in the economy, thereby creating jobs for citizens.
According to him, these visas were given to these foreigners on arrival into Nigeria through the MMIA from January 2019 to Thursday, December 5, 2019.
The comptroller noted that the visa-on-arrival procedure was targeted at investors coming into the country, which is Africa’s largest economy, to do business as part of the Ease of Doing Business policy of the federal government.
“We have upgraded our visa on arrival from email-based to web-based to improve our services. Applicants can now log into the website and fill in their details and also get their approvals directly from there instead of using a third party which was what we were doing before because they have to send a representative here to process it.
“So, the increase in the issuance is to ease procedure and encourage more investors to come into the country to invest,” the immigration officer told journalists when he received officials of Access Bank at the airport.
He further said the airport was now operating better than in the past, stating that the new Migration Information and Data Analysis System (MIDAS) has been installed at the airport.
According to him, this equipment has enabled immigration and border officials to process travellers more rapidly and professionally and as well make their border-crossing experience safer and more humane.
Mr Usman said this led to officials of the agency to stop about 150 Nigerians from travelling out of the country in the last four months in the fight against human trafficking.
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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