Economy
NPA to Yank Off Erring Truckers from Electronic Call-up System
By Adedapo Adesanya
The Managing Director of the Nigerian Ports Authority (NPA), Mr Mohammed Bello Koko, has threatened to delist truckers involved in the illegal stripping of containers along the port access road, stressing that the agency will deal decisively with perpetrators of the unwholesome practice.
This is the act of removing cargo from a sealed container. It is also commonly known as the devanning, unstuffing, or unloading of the container. Typically, full container load (FCL) shipments are devanned at the destination warehouse.
The NPA boss, over the weekend in Lagos, stated this when he paid an unscheduled visit to Tincan Island Port where he inspected designated container stripping yards and the port access roads to ensure trucks are not loitering.
Specifically, he warned that truckers caught in the act stand the risk of being delisted from the Electronic Call-up System (ETO) platform managed by the Truck Transit Park (TTP) limited.
In the course of the visit, Mr Koko announced that the NPA has rolled out a Standard Operating Procedure (SOP) for barge operators adding the SOP will serve as a guideline to all operators.
Speaking further on concerns surrounding devanning, Mr Koko emphasized that stripping constitutes a menace when undertaken outside designated yards, as it provides a platform for trucks loitering around the port access roads which results in traffic disruptions and attendant chaos.
He said the NPA will intensify its vigilance and monitoring to nip the negative trend in the bud.
Addressing the scarcity in some of the stripping yards, the Managing Director acknowledged the impact of global economic upheavals on cargo flow and reiterated that a low business downturn cannot constitute a justification for illegality.
He revealed that proposals for well-equipped stripping yards, referred to as devanning yards are receiving accelerated attention, signalling a shift from illegal roadside stripping.
Regarding the sustainability of the measures, he informed that the NPA has collaborated with other government agencies and the Lagos state government to ensure that such unhealthy practices no longer take place along the port access road.
The Managing Director also stated that such unannounced spot visits would become more frequent and would be followed by regular stakeholder engagements to continuously improve the seamless operations of the ETO platform.
He also warned that stripping yards that violate the operational rules will face temporal shutdowns for first-time offenders, and the possibility of non-renewal of land leases for recalcitrant offenders.
He noted that these stringent measures are geared towards maintaining orderliness and safety within the port environment.
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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