Economy
SON Educates Youths On Standardisation, Quality Policy
By Modupe Gbadeyanka
The Standards Organisation of Nigeria (SON) has spread its net to inculcate standardisation and quality in the youth and children.
Its Director-General, Mr Osita Anthony Aboloma said in line with the “World’s Standards Day” with the theme: “Standards Build Trust,” the agency was promoting awareness on standards among children and the youth as agents of change.
He spoke in his Lagos office when he hosted some children from schools in Lagos, who made presentations on standardisation and the need to ensure quality of products and services.
Mr Aboloma, who was represented by Mrs Cynthia Ifeagwu, said standards should guide Nigerians in businesses, schools and daily live, noting that if the rudiments of standards and quality are imbibed at a young age, children and youths could identify substandard goods.
He said: “Good habit if learnt at a young age, there is a possibility that a youngster will grow living his life insisting on quality and standard product and services through one’s life time. Children interface with different types of food and also are in a position to drive quality standards by engaging their parents to buy goods and services with SON standards mark of quality”.
In its presentation, Chrisland School, led by Miss Mmesoma Okonkwo, defined her understanding of what standards are and its role in economic growth. She also stated that compliance to standards could encourage sustainable economic growth.
Miss Oyindamola Samuel, from Agape Bundle School, said compliance to standards could make people entrust their lives to particular products. She said no product could claim to have quality and standards except it is approved by SON.
She encouraged the public to insist on products with SON quality mark, stressing that the mark of quality helps organisations create wealth, build trust and stand-out in the pack.
Mr Aboloma educated the students on the need to get their parents to patronise quality and safe products. This, he stressed, will safeguard them from the effects of unsafe products.
Mr Aboloma said his agency’s mandate was to educate the public on the dangers of substandard products in school, and to build a nation whose economy is sustainable.
He further stated that the mandate included safeguarding people’s lives and property from the impacts of substandard products through consumer education.
SON has recorded successes in several sectors of the economy through the SONCAP and MANCAP, which are mandatory regulatory programmes for imported and locally manufactured goods.
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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