Economy
SEC Approves 100% Takeover of Courteville by BOWS Nigeria
By Dipo Olowookere
The Securities and Exchange Commission (SEC) has approved the mandatory takeover (MTO) of Courteville Business Solution Plc by BOWS Nigeria Limited.
BOWS Nigeria is the majority shareholder of Courteville, the foremost Nigerian e-business solutions and advisory company. It controls a 67.01 per cent stake in the firm.
However, because it wants to pull Courteville out of the Nigerian Exchange (NGX) Limited, it is offering to buy out the stocks held by other shareholders.
In a regulatory disclosure on Wednesday, Courteville said BOWS Nigeria is offering 48 Kobo per unit for the 1,171,939,459 shares held by other investors, representing a 32.99 per cent equity stake in the organisation. This means the majority investor will pay N562.5 million to the other shareholders to take charge of the company fully.
Business Post reports that the amount offered by BOWS Nigeria is one Kobo higher than the closing price of the company’s stock at the stock exchange yesterday, 47 Kobo.
According to the statement issued by the firm today, it was disclosed that the tender offer will open on February 22, 2023, and will close on March 22, 2023.
“You will recall that a special resolution approving the delisting the securities of the company was passed by the Shareholders at the 17th Annual General Meeting of Courteville Business Solutions Plc held on July 26, 2022.
“The investing public and the Nigerian Exchange Limited are hereby informed that BOWS Nigeria Limited, a shareholder who holds 67.01% of the issued share capital of the company, made a proposal to buy the 32.99% held by the other shareholders of the company through a Mandatory Takeover Bid (MTO) to the Securities and Exchange Commission (SEC), and the Mandatory Takeover Bid has been registered with SEC as SIS/M&A/TBR/CBS/000824 in the commission’s record.
“BOWS Nigeria Limited has obtained SEC’s approval to launch the Mandatory Takeover, and the same is priced at 0.48k per ordinary share net of any applicable tax.
“The tender offer will open on February 22, 2023, and close on March 22, 2023,” the statement issued today said.
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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