Economy
Okowa Signs Investment Development Bill Into Law
By Modupe Gbadeyanka
The Delta State Investment Development Agency bill 2016, and four others have been signed into Law by Governor Ifeanyi Okowa.
The bills were signed by the Governor on Tuesday, July 25, in the presence of some members of the Delta State House of Assembly.
The other four bills signed were Delta State Agency For The Control Of HIV/AIDS Bills 2016, Delta State College of Education Bill 2016, Delta State Agriculture And Rural Development Authority (Amendment Bill 2016) and Delta State Hotel Occupancy Restaurant and Department Stores Consumption Tax Bill 2017.
The Delta State Investment Development Agency Law 2016, according to the state government, was timely because of the urgent need to further attract investors; both local and international, for the overall development of the three senatorial districts in line with the SMART AGENDA of the Okowa administration.
By SMART AGENDA, it is meant; Strategic Wealth Creation Projects and Provision of Jobs for All Deltans; Meaningful Peace Building Platforms Aimed At Political/Social Stability; Agricultural Reforms And Accelerated Industralisation; Relevant Health and Education Policies and; Transformed Environment Through Urban Renewal.
A statement by the government noted that in the light of the above, the five laws, which are now operational in the state, were crafted along the vision of the present administration to deliver quality dividends of democracy and substantial prosperity to the good people of Delta State.
The laws will be available in hard copies for legal practitioners, law officers and members of the public.
The Governor, while appending his signature to the bills, commended Speaker of the Delta State House of Assembly (DTHA), Mr Sheriff Oborevwori and members of the House for the quality of job done which, according to him, would facilitate socioeconomic development of the state.
Commissioner for Information, Mr Patrick Ukah, described residents of the state as the major focus and priority of governance, saying this was why the five laws are in place to further justify the sincerity and strong determination of Mr Okowa to put proper legal and socioeconomic structures in place to facilitate the ongoing good governance initiatives as entrenched in the SMART AGENDA blueprints for the state.
Speaker of the House, Mr Sheriff Oborevwori, while addressing newsmen, stated that the five laws will to a large extent improve and encourage investment and capital in-flow to the state, improve revenue generation in the hospitality and tourism industry, improve control of sexually transmitted diseases and drastically reduce the spread of HIV/AIDS; enhance academic standards in Colleges of Education across the state as well as strengthen rural development and the Agricultural sector which are some of the key priorities of the Okowa administration.
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.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn