Economy
States to Get Second Tranche of Paris Club Refunds
By Modupe Gbadeyanka
In a bid to ease financial hardships being experience by states in the country, President Muhammadu Buhari has directed the Minister of Finance, Mrs Kemi Adeosun and the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, to release the second tranche of the London-Paris Club refunds.
Mr Buhari gave the order on Thursday when he held a meeting in Abuja with the National Economic Council (NEC) made up of state Governors and chaired by the Vice-President.
However, the President stressed that the refunds should be used to settle unpaid salaries and pension liabilities.
“I will not rest until I address those issues that affect our people. One of these basic things is the issue of salaries. It is most important that workers are able to feed their families, pay rent and school fees, then other things can follow,” he said.
President Buhari, who went round the Council Chambers to greet the governors one after another, praised the unity of the Forum of State Governors. He thanked them profusely for their display of “love and respect” to him.
The President said he was overwhelmed by his recent experience in which states, irrespective of political differences charged their citizens to pray in mosques and churches for his well-being and apologized to Governors for barring them from visits to him while he rested in London.
“I didn’t want government to move to London. I wanted it to remain here and I am glad it did,” he said.
After narrating what he went through while on that vacation, President Buhari noted the suggestion by the Governors for him to add more rest, but insisted that he would remain relentless in the pursuit of the interest of the Nigerian people at all times.
This, according to him, was the only way to show his gratitude to the people who, he said, “had given so much to me. I was overwhelmed by the celebration of my return all across the country.”
Chairman of the Nigerian Governors Forum (NGF), Mr Abdul-Aziz Yari of Zamfara State, assured the President, on behalf of his colleagues, that they will continue to support his policies and actions which they had adjudged as being in the nation’s best interest.
The Governors of Imo, Akwa-Ibom, Osun and Abia States thanked President Buhari for saving the day for states through the first tranche of the London-Paris Club refunds while calling for the immediate release of the second one.
They also commended the trust the President reposed in the Vice-President, Prof. Yemi Osinbajo, whom they said did not disappoint when he acted as President.
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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