Economy
Nigeria to Increase Gas Export to Europe
By Adedapo Adesanya
The Nigerian government is planning to increase gas export to the European Union (EU) as part of efforts to boost the nation’s revenue.
This was part of the talking points reached in collaborative digital economy plans between both parties through the Gateway Initiative.
According to the Senior Special Assistant to the Vice President on Media and Publicity, Mr Laolu Akande, in a statement titled Nigeria EU to work together on digital economy, explore raising LNG supply to European countries on Monday, the EU had requested for Nigeria to increase allocation.
Addressing the EU delegation, Vice President Yemi Osinbajo was quoted as saying, “We are relieved to hear of the EU’s support on gas as a transition fuel. It’s some bit of relief.”
He added, “The importance of the energy relationship between Nigeria and the EU also featured, while consideration of all options for increased supply of Liquified Natural Gas from Nigeria to the EU was agreed to, following a request from the EU. A technical meeting on this will be convened shortly.”
Business Post had reported that the Executive Vice President, EU, Mrs Margre Vestager, according to a statement signed by Mrs Uwa Suleiman, the spokesperson for the Minister of Communications and Digital Economy on Monday, in Abuja said the European bloc under its Gateway Initiative will invest about €820m (N385 billion) in the Nigerian digital economy sector over the next three years.
The statement read in part “The European Union under its Gateway Initiative has disclosed plans to invest about £820m in the Nigerian Digital Economy sector over the next three years.”
Mrs Vestager, who was on a working visit, said the union plans to invest in digital infrastructure investments, digitalisation of public services, digital entrepreneurship, digital skills, and digital governance.
She was quoted as saying, “Nigeria has immense potential for digitalisation and with a combination of £160m in grants and £660m in loans, the EU aims to comprehensively support Nigeria’s digitalisation strategy.”
In his response, the Minister, Isa Pantami, thanked the EU for the intervention and affirmed the federal government’s willingness to partner with the EU.
“Africa has always looked up to Europe in the area of technological advancements and this partnership is a welcome development that will project the digitalisation aspirations of our country,” he said.
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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