Economy
UNSDGF Lauds Sahara Group

By Dipo Olowookere
Leading African energy conglomerate, Sahara Group, has been lauded by the United Nations Sustainability Development Goals Fund (UNSDGF) for its unwavering commitment to spearheading private sector involvement in driving global campaigns for achieving the SDGs.
Speaking at the launch of the new report on Universality, business and SDGs in New York, Paloma Duran, Director, UNSDGF said Sahara’s contribution to the SDGs had boosted the narrative of business being a key stakeholder in promoting sustainability initiatives.
“We truly appreciate the support and dedication from Sahara Group as well as the company’s commitment to its membership of the Private Sector Advisory Group (PSAG) that was formed to better align public-private partnerships for sustainable development through business leaders of major companies from various industries worldwide.
“We are delighted to see Sahara leading the SDG charge through its various Corporate Responsibility initiatives, the Food Africa Project and midwifing platforms for private sector involvement across Africa,” said the UNSDGF Director.
Entitled ‘Universality and the SDGs: A business perspective’, the report is sequel to the maiden edition (‘Business and the United Nations: Working Together towards the Sustainable Development Goals: Framework for Action’) which set tone for private sector perspectives on how companies can address the new 2030 Agenda for Sustainable Development through collaboration.
The new report is based on a series of global workshops and dialogues with the private sector and examines some of the key issues facing businesses working to incorporate and implement the SDGs within their organization. Insight and input from over100 companies all over the globe are presented in the report, including common elements gleaned from more structured workshops held in Nigeria, Colombia, Spain, and the United States.
A case study on Sahara Group’s ‘Light Up Nigeria Challenge’ features in the report and highlights how the SDGs can be incorporated into a company’s core business activity, the crucial importance of establishing diverse partnerships to bring about sustainable and targeted change.
Working in conjunction with ENACTUS Nigeria, Sahara Groups hosts the annual ‘Light Up Nigeria Challenge’ to encourage innovation in alternative and renewable energy resources. The competition harvests projects from students from around the country showcasing alternative energy sources and innovations to help ensure sustainable electricity supply in Nigeria.
The 2015 competition, which attracted entries from 28 different schools, involved developing simple models to reduce energy production costs and encourage the use of alternative energy sources in communities, small businesses and schools. “This competition provides a national and international platform for young people to present their ideas and empowers them to make real change in their communities. It also serves to power innovation in the energy sector where the Sahara Group conducts most of its business, helping develop more efficient and environmentally-friendly solutions while contributing to sustainability,” the report stated.
In Nigeria, the PSAG has scored a huge point through the Food Africa project which mirrors how business, the UN and other stakeholders can collaborate to create a sustainable development platform.
The Food Africa Project is a collaborative initiative involving Sahara Group, UNSDGF, Roca Brothers and the Kaduna State Government, directed at empowering communities and alleviating poverty through food security. The 5- year project is an Agro-base initiative envisaged to integrate the entire food value chain – the farmer, wholesaler, retailer and consumer- providing a sustainable source of food security, poverty alleviation and eradication, skill acquisition and social inclusiveness.
The project seeks to: provide employment, eradicate poverty and empower the people – It is estimated that about 500,000 people will be impacted both directly and indirectly by the project; reduce food wastage through the recycling of food produce that do not meet the proposed standards for offtake and increasing production substantially to encourage the development of sustainable food infrastructure in Kaduna State, with initial investment in vegetables.
Sahara’s Executive Director and Co-Founder, Tonye Cole, said the company is committed to pursuing the emergence of formidable PSAG platforms through which the SDG-F can partner with the Private Sector to achieve the SDGs in Nigeria.
Cole said this would enable businesses align their operations with the 17 SDGs as well as continuously gauge their contribution to each global goal, monitoring impact and implementing new ideas to effect improvement. “Increased involvement of the Private Sector will in the long run enhance the sustainability of business as SDGs are good for business.”
Economy
SEC Postpones Q2 2026 Pre-registration Training, Examination for CMOs
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.
Economy
Fidson Lists Additional 600 million Shares on Stock Exchange
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.”
Economy
FG Approves Payments to 1,240 Contractors to Ease Liquidity Pressure
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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