Economy
Obende Shares Estate Planning Tips to Consider For New Year
The Head of Private Trust at FBNQuest Trustees, Mr Rotimi Obende, has shared some estate planning tips investors can consider in the new year.
While the new year presents a range of new financial challenges, it also presents changes to the personal circumstances of the investor that should inform the creation of a review of an estate plan.
Speaking on the TVC News breakfast show, Your View, Mr Obende advised the public to consider their changing circumstances in achieving prudent estate planning in 2023.
He explained that changes to the personal circumstances of an investor and the addition of assets to the Investor’s portfolio have implications for the Estate.
According to him, such changes could include marriage, parenting or the purchase of physical assets, adding that proper estate planning or the review of an existing plan could add efficiency to the investment process and ease the transfer of the benefits of an investment to a third party.
“A new year offers many opportunities to make advancements in your career and financial status. If you get married, create a plan for your children’s education or just add real estate or other assets to your investment portfolio, you should do so with your estate plan in mind.
This will ensure that you are being efficient, thereby reducing future costs to you or the ultimate beneficiary of your investments,” said Mr Obende.
While discussing Estate Planning tips to consider for the new year, Mr Obende highlighted the range of solutions that investors can consider as they organise their financial goals for 2023. They include the creation of an education trust as an effective way for parents to plan for the education of their children.
The FBNQuest Trustees Children Education Trust provides a long-term investment that builds over the years with the added benefit of an estate planning instrument that does not pass through probate, unlike other competing education solutions available. This means that it avoids the mandatory 10 per cent estate tax, which is payable on non-trust solutions.
In addition, considering the potential economic impact of an economic slowdown, the service is flexible and personalized, offering relief that enables the settlor to pause or reduce contributions and transfer the benefits of the trust to another beneficiary.
Some Children Education Trusts also come with the additional benefit of a Trust Protector who ensures that the Trust runs seamlessly in the event that the settlor becomes incapacitated or unable to perform his/her role.
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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