Economy
SimplePay Partners LCC on Toll Payment
By Modupe Gbadeyanka
A Nigerian payments solutions company, SimplePay, has announced a partnership with the Lekki Concession Company Limited (LCC), to provide an innovative solution for LCC e-Tag customers to top-up their account through PayReminder.
The PayReminder will alert e-Tag users/customers to make payment into their toll account when their balance is low, through an SMS on their registered GSM line.
The SMS comes with a payment link, which when clicked, allows the user to conveniently top-up their account by following the instructions to complete the payment. The customer’s account will be credited instantly.
The service is a safe and convenient way for e-Tag users to make payment from the comfort of their homes and offices without having to queue up at the LCC customer service centres or other physical outlets to top-up their toll account.
SimplePay Limited also offered registration for and migration of existing cash paying customers to the e-Tag platform.
Such customers will improve their time of passing through the toll gates significantly by gaining access to the speed lanes and the dedicated e-Tag Only lanes, while paying discounted toll tariff.
CEO of SimplePay Limited, Mr Simeon Ononobi, said the partnership would provide a convenient solution to e-Tag and cash paying customers by reducing the stress of having to go to the LCC office to to-up their account whenever their balance is low.
He said cash paying customers migrating to e-Tag will pay less and enjoy quicker drive through the toll plaza.
Mr Ononobi pledged that SimplePay limited will continue to work with LCC to offer better solutions to its customers. “For me this is just the beginning of a great working relationship between two forward thinking entities”.
Managing Director/CEO of LCC, Mr M.M. Hassan, commended the PayReminder service, adding that the service would reduce the issue of cash collections at the toll plaza as well as traffic congestions.
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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