Economy
Verve Cardholders Enjoy Discounts at Addide, Ebeano
By Adedapo Adesanya
Since the beginning of April, Verve has been rewarding its cardholders through Verve Supersaver Promo.
Through this promo, they have enjoyed a memorable shopping experience that has earned them cash savings from the ongoing promo in selected supermarkets across the country.
And to further reiterate its commitment, entrepreneurs are not left out. One experience to reckon with is that of a young female entrepreneur, Kemi, who runs a lifestyle and clothier business in Marina, Lagos State.
She purchases lapel pins, ribbons and plastic hangars in bulk from Ebeano, her neighbourhood supermarket and in order to meet up with orders, she hires a tricycle to carry her items to her workshop every week.
On this calm day, while listening to her radio, she heard about the Verve Supersaver Promo, which stated that customers will get a 3.5 per cent discount on any items purchased.
It wouldn’t come as a surprise to know that this young entrepreneur, constantly thinking of ways to increase her profit margin due to the rising cost of materials, made her way to Ebeano and benefitted from this.
Furthermore, highlighting the benefits of this promo is Lola, another entrepreneur, who specialises in organising children’s events and birthday parties.
Recently, she got a job to plan a 10-year birthday party and her go-to store is Addide supermarket as it affords her an array of party decorations and gifts to purchase from.
It was indeed an awesome day to be a Verve cardholder because as she entered Addide, she was reliably informed that as a Verve cardholder, she was entitled to 10 per cent off items worth N5,000 and more.
Not only is Africa’s leading payment cards and digital tokens brand putting smiles on its customers’ faces with its partnership with Addide and Ebeano supermarkets, but it is also rewarding new and existing customers through April 2022.
Interested parties are urged to hurry to any Addide or Ebeano supermarkets near them to enjoy these tantalising benefits.
The promo is a testament to the fact that Verve is committed to providing a rewarding experience and top-notch payment solutions to its customers.
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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