Economy
PETAN Holds Inaugural WAIPEC February 2017 In Lagos
By Dipo Olowookere
All is now set for the inaugural launch of the West African International Petroleum Exhibition and Conference (WAIPEC) by the Petroleum Technology Association of Nigeria (PETAN) in Lagos in February 2017.
PETAN created WAIPEC as part of its leading role in promoting and driving sustainable development of Nigeria’s petroleum industry.
Business Post correspondent gathered that WAIPEC hopes to address the needs of companies seeking to showcase innovative solutions, new technologies within the sector, work to generate international investment and support the development of major new collaborations for the benefit of West Africa’s petroleum economy.
The conference will precisely hold at the Eko Convention Centre, Lagos, from place February 21-23, 2017.
During the three-day event, delegates will have the opportunity to participate in over 25 business, technical and special focus sessions, and hear from more than 75 prominent industry speakers and representatives from both the regional and international oil and gas community.
Running alongside the conference – an exhibition is projected to attract more than 200 exhibiting companies and 6,000 visiting professionals from West Africa, Europe, Americas and Asia.
It was also learnt that WAIPEC’s programme will be driven by an esteemed steering committee, representing a cross section of key stakeholders from the Nigerian oil and gas industry including the Nigerian National Petroleum Company (NNPC), The Shell Nigeria Exploration and Production Company (SNEPCo), TOTAL E & P, First E & P, SEPLAT Petroleum Development Company and representatives from PETAN amongst others.
Chairman of PETAN, Mr Bank Anthony Okoroafor, while speaking of the event, explained that, “WAIPEC has been created to specifically address Nigeria’s national energy needs, highlight its challenges and importantly, promote its continued development.
“The event will provide a platform for the many major oil producers, engineering companies, oilfield services and consultants operating in Nigeria and West Africa, to showcase their technologies and expertise, as well as work to attract international investment and create partnerships for the betterment of the sector.”
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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