Economy
Nigeria to Showcase Investment Opportunities at Africa Oil Week
By Adedapo Adesanya
Nigeria intends to use the forthcoming Africa Oil Week to showcase investment opportunities in its oil and gas industry.
The country’s delegation to the yearly programme will be led by the Special Advisor to President Bola Tinubu on Energy, Mrs Olu Verheijen.
Nigeria’s energy sector is in the middle of a complete overhaul after the passing of landmark reforms such as the Petroleum Industry Act (PIA)in 2021, the signing of the Electricity Act in 2023, and the removal of fuel subsidies by President Tinubu.
Joining her to lead the delegation is Mr Gabriel Aduda, the Permanent Secretary of the Federal Ministry of Petroleum Resources, at the event scheduled to take place from October 9-13 in Cape Town, South Africa.
The event is a global platform for deals and transactions, bringing together governments, national and international oil companies, independents, investors, and service providers to maximise Africa’s natural resources, for the betterment of the continent.
Nigeria remains Africa’s biggest economy and energy market, with tremendous investment potential in oil production and refining, gas pipelines, gas distribution, and power infrastructure.
However, amid slumps due to the business climate, the country is seeking increased investment appetite across the upstream, midstream, and downstream sectors.
Africa Oil Week will provide a platform for deal-making and investments across the country’s oil, gas, and energy infrastructure.
At Africa Oil Week 2023, the Nigerian delegation will communicate the country’s agenda to grow oil production to 2.1 million barrels per day by December 2024.
Following several consultations with local and international operators, the Special Advisor to President Tinubu on Energy and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) recently announced that $55.2 billion of investments were projected from operators in Nigeria by 2030. $13.5 billion is expected to be invested within the next 12 months alone.
At AOW 2023, the Nigerian delegation will communicate the country’s agenda to grow oil production to the set target by next year, expand midstream and downstream infrastructure, and build energy systems that are resilient and affordable.
To support deal-making across these segments, officials from Nigeria’s new government will be joined by a growing list of Nigerian companies and delegates, including the Nigerian National Petroleum Company (NNPC) Limited, Seplat Energy, Oando Plc, Aradel Holding Plc, ND Western, Green Energy International, LEKOIL, Mr Olaniwun Ajayi, and representatives of the NUPRC.
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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