Economy
Ogun Recalls Sacked Workers
By Modupe Gbadeyanka
Twelve out of 16 workers in the Ogun State Public Service, who were dismissed by the state government, have now been recalled.
Also, all the 19 employees suspended from work have been directed to return to work.
It would be recalled that the affected workers were punished for their alleged unethical conducts during this year’s Teachers’ Day celebration.
A statement signed on Tuesday by the Ogun State Head of Service, Elder Sola Adeyemi, directed the sacked workers recalled by the state government to return to work with effect from January 2, 2017, while those dismissed are to resume at their duty posts with effect from December 1, 2016.
Elder Adeyemi explained in the statement that the workers were ‘forgiven’ following interventions from National and State leaderships of the Nigeria Labour Congress (NLC), the Trade Union Congress (TUC), the Nigeria Union of Teachers (NUT), traditional rulers, elders, religious leaders, eminent personalities as well as the affected workers.
He said this forced the government to revisit the matter and after a careful consideration of the report at the conclusion of the review exercise, it decided to immediately pardon 31 of the concerned workers on compassionate grounds.
“Let me state at this juncture that cases of the other remaining four dismissed workers, including Messrs Dare Ilekoya, Eniola Atiku, Nola Balogun and Akeem Ambali are still undergoing evaluation and assure you that government will come out with the conclusion in their cases in due course.
“Government appreciates the noble roles of all stakeholders for their interventions that have resulted in this review. We are particularly grateful to the leaderships of the organized labour at the national and local levels for their support.
“We equally appreciate our highly revered traditional rulers, elders, religious leaders, eminent personalities as well as other well-meaning individuals for their interventions.
“Let me also use this medium to reiterate that the commitment of the Senator Ibikunle Amosun-led administration to the welfare of workers will continue to remain paramount as it pursues a tranquil industrial environment in the state,” he said.
It would also be recalled that 35 workers were sanctioned on Monday, October 31, 2016 after a Panel of Investigation set up to investigate them individually on the allegations levied against them by concerned members of the public, found them guilty of committing various infractions of the Public Service Rules.
“Nineteen of them were suspended while 16 were dismissed on the recommendations of the panel.
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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