Economy
Senate Advocates Judicious Use of Funds
By Modupe Gbadeyanka
Chairperson Senate Committee on Environment, Mrs Oluremi Tinubu, has advised the Environmental Health Officers Registration Council of Nigeria (EHORECON) on judicious use of funds.
She made this assertion on Wednesday November 9, 2016 when the Senate committee visited the Council as part of the Senate oversight functions.
According to Mrs Tinubu, their visit was not to enforce anything on the Council rather, to see that money budgeted for the Council was put to good use for the Nigerian people.
Also speaking at the meeting, the Co-Chairman of the Senate committee on Environment, Senator Suleiman Hunkuyi posited that the intention of their visit was to strengthen the Agency by way of collaboration between the National Assembly and the Council, adding that they were in the Council to interface with them and to know their impediments and how the National Assembly could be of help to the Council.
The Senator advised the Council to double its effort on the collection of Internally Generated Revenue (IGR), saying “It is a way of assisting government having not to provide for every cost effect, be it Capital or recurrent expenditure’’.
Earlier, the Registrar of the Council, Dominic Abonyi commended the effort of the government, adding that the Council had enjoyed government attention more now than ever before.
The Registrar commended the National Assembly for being able to amend the Act setting them up. He pleaded with the government and the National Assembly to approve more funds for the Council to enable the Council recruit more Staff particularly Environmental Health Officers in order to tackle myriads of Environmental Health and Sanitation problems in the Country.
On the Internally Generated Revenue (IGR), the Registrar informed the Committee that one of the critical things the Council does is to accredit Schools, give them assessment and qualify them to train Environmental Health Professionals in Nigeria while they pay token for accreditation.
The Registrar, hinted the Committee that the Council’s Act is such that it could not take anybody to court without passing through the Office of the Attorney-General, adding that the Council could not also get Fiat to prosecute until last year when a lawyer was posted to the Council which now made it possible for the Council to commence litigations.
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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