Economy
When PwC Lavished N2.35m On Business Reporters
By Modupe Gbadeyanka
October 7, 2016, will not erase in the memory of business reporters in Nigeria. This is because it was a day they were celebrated by a leading professional services firm, PwC Nigeria.
According to PwC Nigeria, it came up with the idea in a bid to celebrate and reward excellence in business reporting in Nigeria.
At a gala night held in Lagos, business journalists went home with a total N2.35 million at the maiden edition of PwC Media Excellence Award.
It was gathered that a total of 55 entries were submitted by journalists in four categories, namely, Tax Reporting, Capital Market Reporting, SME Reporting and Business & Economy Reporting. Winners in each of the categories went home with N500,000 each while consolation prizes of N50,000 each went to the other nominees that made top three.
Of the 55 entries received, 29 were for Business & Economy Reporting; 16 for SME Reporting; eight for Capital Market Reporting and two for Tax Reporting.
Mr Taiwo Oyedele, the PwC’s Tax Partner and Head, Tax & Regulatory Services, PwC West Africa, decried the low reportage of tax issues by Nigerian journalists saying it largely accounts for the poor awareness about tax in the country.
“It is disturbing that only two entries were received in the Tax Reporting category. This goes to show the low awareness level of tax issues in Nigeria. If the journalists who are supposed to inform and stimulate discussions on tax issues in the country are not doing so, probably because of their lack of understanding of the issues, then, the awareness level on tax would be very low among the populace.
“On our part as a corporate organisation, we are set to help resolve this problem by organising various capacity enhancement workshops for Nigeria business journalists,” Mr Oyedele said.
Mrs Simplice Gladys Olajumoke, the Deputy Vice President, Chartered Institute of Taxation of Nigeria (CITN), on her part, also pledged her organisation’s support to ensure that the issue of tax dominates the Nigerian media space.
Mr Tola Ogundipe, the Deputy Senior Country Partner, PwC Nigeria, in his opening remark, said journalists have important role to play in the society as information carriers. According to him, good governance and economic independence can be achieved if the journalists ensure excellence reportage of issues that are well researched.
He urged the Nigerian journalists to always leverage on technology adding that the award was instituted to celebrate and reward excellence in business reporting.
Stanley Opara of Punch Newspapers, Collins Nwaeze of The Nation Newspapers and Abiodun Eromosele of THISDAY Newspapers were the finalists in the Capital Market Category. Eromosele won the first prize with his article titled: ‘Of The Exchange Rate and Devaluation.”
Eromo Egbejule of the Ventures Africa won the first prize in the SME Reporting Category with his article titled: ‘Walk in these shoes: Aba’s very own leather manufacturing plant’. Hannah Ojo of the Nation Newspapers and Oluwamayowa Tijani of The CableNG made top three.
Fisayo Soyombo of The CableNG; Emmanuel Ogunsola of Techpoint NG and Isaac Anyaogu of BusinessDay Newspaper were the finalists in the Business & Economy Category of which Soyombo’s article, ‘Undercover Investigation: Nigeria’s Customs of Corruption, Bribery and Forgery’, came tops.
The two entries in the tax category were from Anthony Matuluko of Tax Matters on TV and Oluwamayowa Tijani of the CableNG. Matuluko won the first prize with interview of secondary school students at the SWIT seminar
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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