Economy
Senate Pledges To Support SON, Lauds ARSO
By Modupe Gbadeyanka
The Nigerian Senate has applauded the African Organisation for Standardisation (ARSO) for its efforts in harmonising standards to facilitate intra trade in African.
Leading the Nigerian delegation to the ARSO Technical Harmonisation Committee (THC) on Chemistry and Chemical Engineering (ARSO/THC 05) in Kenya, Chairman of the Senate Committee on Industry, Mr Sam Egwu, however, urged ARSO to engage and involve governments and lawmakers in the work of the organisation to enhance laws that would ensure maximum institutional support for the work of National Standards Bodies (NSBs).
He pointed out that implementation of standards without compliance will make it remain a mere literature on the shelves of the libraries of National Standards Bodies (NSBs).
He thereafter made a commitment that the Senate would use its position to support SON in achieving its mandates.
Business Post reports that the harmonization process, which is by consensus and other principles of standardisation, is aimed at having common standards in order to remove all technical barriers to trade to facilitate intra African trade.
The THC 05 has a current membership of 17 countries, with SON as Chair and Secretary.
The significance is that the requirements of the standards will become uniform and acceptable in conformity assessment applications in all member countries of ARSO in Africa, ie, common standards in Africa but nationalized to bear the countries’ names.
It was gathered that the Senate was part of the programme to observe the proceedings of the meeting in the harmonization of African standards to enhance their understanding of the processes to enhance their oversight functions on SON and support the enactment of laws to promote the competitiveness of locally manufactured products and elimination of substandard imported products as enforced by the agency.
Responding, the Secretary General of ARSO Dr Hermogene, thanked Mr Egwu for the visit, which he said was in line with the quest of the organisation in seeking the support of governments of member states and lawmakers in the implementation of standards.
The ARSO meeting in Kenya precisely took place at the Hilton Hotel in Nairobi.
During the trip to Kenya, the delegation paid a courtesy call to Kenyan Bureau of Standards (KEBS).
Senator Barnabas Gemade and the Director General of SON, Osita Aboloma, were also part of the team.
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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