Economy
Nigerian Breweries Lauds NSE Capital Market Development Initiatives
By Dipo Olowookere
Managing Director of Nigerian Breweries Plc, Mr Jordi Borrut Bel, has commended the management of the Nigerian Stock Exchange (NSE) for its various programmes put in place to improve the nation’s capital market.
Mr Bel, who was recently appointed into the position, led his team to the stock market regulatory agency in Lagos.
The Nigerian Breweries team was welcomed by the Chief Executive Officer of the NSE, Mr Oscar Onyeama.
Mr Bel acknowledged the pivotal role the Exchange has been playing in the sustained growth and development of the capital market and the Nigerian economy in general, over the years.
While restating the commitment of Nigerian Breweries to sustaining its relationship with the NSE, Mr Borrut Bel added that the company has over the years excelled in compliance and corporate governance matters.
“I am aware that we have over the years received awards and recognition from the NSE including The NSE President’s Merit Award in the Brewery Sector, The NSE Quoted Company of the Year Award and The NSE CEO’s Distinguished Award for Compliance, and The NSE CEO’s award as the Most Compliant Listed Company on The Nigerian Stock Exchange.”
He pledged the commitment of the company to sustain its high performance in matters of corporate governance and compliance.
Mr Borrut Bel also congratulated The Exchange for the recent historic high equity market capitalization of N15 trillion and for being the best performing Stock Exchange in Africa and No 3 in the World in 2017.
In his remarks, Mr Onyeama commended the Nigerian Breweries Plc for its commitment to corporate governance standards.
Mr Onyeama, who was represented by Ms Tinuade Awe, Executive Director in charge of Regulation of the NSE, described the brewer as an exemplary corporate citizen.
Ms Awe explained that part of the NSE’s core mandate is to ensure that it continues to provide a robust platform that will attract the confidence of local and foreign investors.
The Nigerian Breweries team was later invited to the trading floor where Mr Borrut Bel performed the traditional ringing of the bell to close the market for the day.
At the brief closing ceremony, the Doyen of Stockbrokers, Mr Sam Ndata, commended Mr Borrut Bel and his team for the visit and lauded Nigerian Breweries for its sustained good return on investment for the company’s shareholders.
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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