Economy
Police, Military Seek Support of Oil-Producing Communities
By Adedapo Adesanya
The Nigerian National Petroleum Company (NNPC) Limited and security agencies, including the Nigerian Air Force and the Nigeria Police Force, have pleaded once again with Niger Delta communities to assist efforts to improve the country’s oil production and revitalise its ailing economy.
Speaking on Tuesday at an indoor meeting, the parties declared a fresh war on perpetrators of oil theft in the Niger Delta region.
The Inspector General of Police, Mr Kayode Egbetokun, stressed that no meaningful results could be achieved without the full support of all stakeholders.
He then assured that in the days ahead, Nigerians are going to see results.
“We accept that we have challenges but we must all come together to solve them. So, we need the cooperation of all agencies, we need the cooperation of the citizens. We need to take every step that we need to take to address all these issues. I am assuring you that in days ahead, you are going to see results,” he said.
The fresh intensification of the war against oil theft in Niger Delta areas followed a new directive by the president to the military, police, NNPC and other security agencies to improve the production of crude oil in the region.
On his part, the Chief of Defence Staff (CDS), General Christopher Musa, said President Bola Tinubu has given them a mandate to ensure that they secure the entire South-South, to enable NNPC and others to carry out their tasks to improve oil production.
According to him, “The truth about it is that whatever is happening in the South-South region has been ongoing for such a long time, and we feel it is high time that it is stopped.”
Mr Musa vowed that going forward, the entire South-South will be cleared of any acts of vandalism, or criminality within the general area.”
“As we said, the President has given us a mandate to ensure that we secure the entire South-South, to enable NNPC and others to carry out their tasks so that we can have improved production. We know that Nigeria relies so much on crude oil production, so we want to use this medium to appeal to the communities, to have an understanding. Yes, we know trust has been a problem, but they can trust us, they can trust the government, that we want to do things differently. Everyone will be carried along”.
Noting that everyone has a role to play in the renewed anti-oil theft operation, the CDS said the ongoing war is not only for the security agencies alone.
“We need the communities to understand that pipeline vandalism and all the hazards being caused are also affecting them directly and we need to stop that. We need to work together, and this meeting we had today is to harmonize that based on the mandates that the President has given us. We are going to work together as a team and all the operations will be harmonized,” he said.
The Defence Chief also noted that the Joint Task Force, with the land components of all the other agencies, is going to work together to bring results.
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