Economy
Osita Izunaso Chairs Senate Committee on Capital Market
By Aduragbemi Omiyale
The lawmaker representing Imo West Senatorial District in the National Assembly, Mr Osita Izunaso, has been appointed as the Chairman of the Senate Committee on Capital Market.
The was named as the head of the team by the Senate President, Mr Godswill Akpabio, on Tuesday along with other members of the upper chamber of the parliament.
Mr Izunaso, who was among the candidates earlier vying for Mr Akpabio’s position at the 10th Senate, is not a rookie in the leadership of a senate committee.
He was formerly the Chairman of the Senate Committee on Gas and Housing. He is a journalist turned lawyer and an expert in financial matters.
Also, the Senate President appointed his predecessor, Mr Ahmad Lawan, as the Chairman Senate Committee on Defence, while the former Speaker of the House of Representatives, Mr Aminu Tambuwal, was chosen to lead the Senate Committee on Housing and Urban Development.
Below is the full list;
- Senate Committee on Air Force, Akwashiki Godiya
- Senate Committee on Anti-Corruption and Financial Crimes, Udende Emmanuel
- Senate Committee on Aviation, Buhari Abdulfatai
- Senate Committee on Capital Market, Osita Izunaso
- Senate Committee on Establishment and Public Services, Cyril Fasuyi
- Senate Committee on Ecology and Climate Change, Seriake Dickson
- Senate Committee on Housing and Urban Developmentt, Aminu Tambuwal
- Senate Committee on Interior, Adams Oshiomhole
- Senate Committee on Downstream Petroleum, Jide Ipisagba
- Senate Committee on Defence, Ahmed Lawan
- Senate Committee on Public Accounts, Wadada Ahmed
- Senate Committee on Special Duties, Kaka Shehu Lawan
- Senate Committee on Sustainable Development Goals, Idiat Adebule
- Senate Committee on Works, Patrick Ndubueze
- Senate Committee on Appropriation, Solomon Adeola
- Committee on FERMA, Usaini Babangida
- Senate Committee on Finance, Sani Musa
- Senate Committee on Banking Insurance and Other Financial Institution, Abiru Adetokunbo
- Senate Committee on Army, Abdulaziz Yar’adua
- Senate Committee on Customs Excise and Tariff, Isa Jibrin
- Senate Committee on Cooperation and Integration NEPAD, Yau Sahabi
- Senate Committee on Culture and Tourism, Elisha Abbo
- Senate Committee on Diaspora and NGO, Victor Umeh
- Senate Committee on Drugs and Narcotics, Dankwambo Ibrahim
- Senate Committee on Education Basic and Secondary, Adamu Usman
- Senate Committee on Employment and Productivity, Diket Plang
- Senate Committee on Environment, Akintunde Yunus
- Senate Committee on Ethics Public Petitions, Imasuen Neda
- Senate Committee on FCT, Ibrahim Folarin
- Senate Committee on Federal Character and Governmental Affairs, Allwell Iheanacho
- Senate Committee on Foreign Affairs, Sani Bello
- Senate Committee on Gas, Jarigbe Jarigbe
- Senate Committee on Health, Banigo Ipalibo
- Senate Committee on Upstream Petroleum, Etang Williams
- Senate Committee on Water Resources, Abubakar Yari
- Senate Committee on Trade and Investment, Sadik Umar
- Senate Committee on Solid Minerals, Osita Ngu
- Senate Committee on Tertiary Education and TETFUND, Dandutse Muntari
- Senate Committee on States and Local Government Affairs, Ifeanyi Ubah
- Senate Committee on Oil and Gas Host Communities, Benson Agadaga
- Senate Committee on Power, Abaribe Eyinnaya
- Senate Committee on Police Affairs, Abdulhamid Madori
- Senate Committee on Local and Foreign Debts, Aliyu Wammako
- Senate Committee on ICT Cyber Crimes, Afolabi Salisu
- Senate Committee on INEC, Ali Sharafadeen
- Senate Committee on Industries, Fadahunsi Anthony
- Senate Committee on Land Transport, Adamu Aliero
- Senate Committee on Local Content, Sadiku Ohere
- Senate Committee on National Identity and Population Commission, Abdul Ningi
- Senate Committee on National Planning and Economic Affairs, Yahaya Abdul
- Senate Committee on National Security and Intelligence, Umar Shehu
- Senate Committee on Navy, Gbenga Daniel
- Senate Committee on Niger Delta, Bari Mpigi
- Senate Committee on Public Procurement, Monday Ogberu
- Senate Committee on Rules and Business, Titus Zam
- Senate Committee on Information and National Orientation, Eze Emeka
- Senate Committee on Judiciary Human Rights and Legal Matters, Mohammed Tahir Monguno
- Senate Committee on Youth and Sports, Adaramodu Adeyemi
- Committee on Senate Services, Sunday Karimi
- Senate Committee on Women Affairs, Ireti Kingibe
- Senate Committee on Science and Technology, Aminu Iya Abbas
- Senate Committee on Social Welfare and Poverty Alleviation, David Jimkuta
- Senate Committee on Inter-Parliamentary Affairs, Goje Danjuma
- Senate Committee on Privatisation, Uzor Kalu
- Senate Committee on Primary Health Care Development and Disease Control, Ibrahim Lamido
- Senate Committee on Media and Public Affairs, Adaramodu Adeyemi
- Senate Committee on Legislative Compliance, Musa Madoki
- Senate Committee on Agricultural Production Services and Rural Development, Mustafa Saliu
- Senate Committee on Communication, Aliyu Bilbis
- Senate Committee on Marine Transport, Wasiu Eshinlokun
- Senate Committee on NDDC, Asuquo Ekpenyong
- Senate Committee on Agricultural Colleges and Institutions, Adeniyi Adegbonmire
- Senate Committee on NASENI, Onyewuchi Ezenwa
- Senate Committee on Constitution Amendment, Jibrin Barau
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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