Economy
Stanbic IBTC Pension Managers Opens New Branch
By Aduragbemi Omiyale
As part of its commitment to increasing its customers’ access to excellent pension services in Nigeria, Stanbic IBTC Pension Managers has opened a new branch in Lagos.
A statement from the subsidiary of Stanbic IBTC Holdings disclosed that the new outlet is located on 76A Adetokunbo Ademola Street, Victoria Island, Lagos.
According to the firm, the new branch is an additional avenue for it to serve the pension needs of its current and prospective clients.
It is also part of the efforts of the Pension Fund Administrator (PFA) to deepen access to pensions in the country, especially at a time the nation’s economy is undergoing a challenging period.
The chief executive of Stanbic IBTC Pension Managers, Mr Olumide Oyetan, said the new branch is part of the organisation’s efforts at availing customers the opportunity to directly interact with the company as regards their pension contributions, retirement plans, benefits and any other information that they may need.
“The new branch is a fulfilment of our promise to make quality pension fund administration and financial management services available to more Nigerians. This expansion is part of our growth strategy to spread our footprints across Nigeria and enhance accessibility to pension services.
“As usual, customers can enjoy an excellent customer experience at the new branch, while we continue to ensure availability of our digital channels for as many customers who wish to transact from the comfort of their homes or offices,” he said.
“The growing size of pension assets is impacting the financial landscape, and as a forward-looking pension fund administrator, we understand that increasing the accessibility of our pension services will aid the overall quality of experience for pension contributors,” Mr Oyetan added.
On her part, the Executive Director for Business Development at Stanbic IBTC Pension Managers, Ms Nike Bajomo, while appreciating clients for the continued trust placed in the organisation to support their financial journeys, noted that the organisation would continue to provide world-class pension fund solutions to make client experience optimal at all touch points.
“We cannot but appreciate our esteemed clients for their unwavering commitment to us. They are the reason we exist and the reason we will never cease to innovate and deliver quality financial solutions to meet their needs.
“On behalf of the board, management, and staff of Stanbic IBTC Pension Managers, we say thank you for sharing our dream and for giving us the opportunity to serve you,” she said.
Stanbic IBTC Pension Managers is a leading PFA with extensive experience in investment management and pension fund administration.
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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