Economy
Senate Summons Emefiele over Intervention Fund
By Dipo Olowookere
Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has been asked to appear before the Senate to make clarifications on the Federal Government’s intervention funds designed to get the economy out of recession.
This followed the adoption of a motion by Senator Mao Ohuabunwa titled ‘The need for the Central Bank of Nigeria (CBN) to implement its Intervention Funding Programmes to qualified Nigerian Companies and Exporters.’
Mr Ohuabunwa said the Federal Government, aware that the country was undergoing serious economic recession, with factories shutting down with the attendant loss of job creation, decided to set up the intervention fund programme to revitalise the industries.
According to him, to achieve the target, government resolved to activate the Nigerian economy through the introduction of different types of long tenored intervention facility programmes, with the aim of stimulating output production, enhancing value addition and creating employment for Nigerians.
These are initiatives that many Nigerian companies and commercial banks have keyed into with great expectations.
The lawmaker said it was important for the CBN boss to let Nigerians know the progress so far made in the implementation of the programme.
Mr Ohuabunwa pointed out that based on these projections and expectations, “the CBN, in accordance with section 31 of the CBN Act, 2007 has introduced several intervention funds, including N235 billion fund for manufacturing, refinancing and restructuring of facilities of bank loans, a N500 billion debenture stock–with N200 billion set aside for refinancing/restructuring of SMEs/manufacturing portfolios.”
He said further that, “N300billion is applied to the power and airline projects; a non-oil N500 billion low interest export stimulation facilities was also introduced to complement the already existing N300 billion Real Sector Support Facility (RSSF) established in December, 2014 to further assist the sustainable growth of a recessive economy.”
The Senator observed that in the midst of these massive intervention efforts, the CBN has encouraged the local affected companies, factories and exporters to access the facilities through Development Finance Institutions (DFIs) such as Bank of Industries (BoI), NEXIM Bank and other direct applications from commercial banks, yet very little progress has been made to strongly fund the requirements of many of such key institutions.
He said Nigerians were expected to push the growth of the nation’s economy within the expectations ignited by the CBN interventions.
But he lamented that the various companies, factories and exporters encouraged by the CBN to go through the rigorous process of accessing the intervention fund have mostly come out disappointed.
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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