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Organisers of Africa Oil Week Plans Big for 25th Anniversary

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Africa Oil Week 2018

By Dipo Olowookere

Africa Oil Week (AOW) has announced its programme for the 25th Africa Oil Week conference, November 5-9 in Cape Town, South Africa.

The event is spread across five days and promises to present a content and networking-rich summit programme featuring over 150 speakers from across the international oil and gas sector including industry leaders, 11 African Energy & Petroleum Ministers, Heads of NOCs, banks and PE Funds and CEOs from all major oil companies and independent operators.

Addressing the latest developments and trends in Africa’s oil and gas sector, Africa Oil Week will explore and facilitate new opportunities, partnerships and deal-making through a high-profile summit, a dynamic exhibition and a roster of unrivalled networking events.

The summit programme will draw together over a thousand key players and leading decision makers to discuss drilling programmes, farm-ins, data viewings and new financing models which can be adapted to new upstream and energy ventures.

As many regions of Africa continue to dominate interest across the industry, Africa Oil Week will host exclusive insights and debates from stakeholders in the most exciting territories on the continent.

Delegates will hear the latest industry announcements first-hand, and attend presentations and showcases of proprietary information on transformational projects, bidding rounds and farm-ins. Africa Oil Week will also host the most exclusive networking functions which will provide unique opportunities to meet with global decision makers looking to develop and diversify their upstream portfolios.

Africa Oil Week also has significant support from the industry, including lead sponsor Tullow Oil. Paul McDade, CEO, Tullow Oil, stated, “Africa Oil Week is the most important event of our year.  We’re committed to the future of African oil and gas, and we’re excited to come together in 2018 with a great list of leading companies, exhibitors and speakers focused on helping deliver Africa’s full potential.”

The 25th Africa Oil Week Inaugural Ministerial & VIP Programme will be opened by Minister Jeff Radebe, Minister of Energy, whilst the Welcome Reception will be opened by Helen Zille, Premier of the Western Cape Province, South Africa.

The summit will host two Ministerial Panels where Minister Jeff Radebe will be joined by Ministers from Ghana, Niger, Uganda, Gambia, Nigeria, Mali, Republic of Congo and Guinea as they take to the stage to provide their insights on attracting international operators and investment, and outline their national oil and gas strategies.

Additionally, there will also be spotlight sessions addressing key developments in Africa focusing on topics such as: governance and regulation, production outlooks, the energy transition mix, M&A in African oil and gas, capacity development and gender diversification, gas to power and gas monetisation.

Running parallel to the Summit’s plenary sessions is the Africa Oil Week Prospect Forum. Co-produced and held in partnership with the American Association of Petroleum Geologists (AAPG), and supported by PVE Consulting, the Prospect Forum provides a unique and dedicated platform for Independent Oil Companies, Geo Service Companies and National Oil Companies to showcase the most compelling farm-in opportunities, basin insights and roadshows.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Economy

SEC Postpones Q2 2026 Pre-registration Training, Examination for CMOs

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capital market operators

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.

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Economy

Fidson Lists Additional 600 million Shares on Stock Exchange

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fidson

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.”

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Economy

FG Approves Payments to 1,240 Contractors to Ease Liquidity Pressure

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FG contractors protest

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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