General News
IT Will Ease Registrar’s Job, Capital Market – Ogogo

Dr. David Ogogo, is the Registrar and Chief Executive of Institute of Capital Market Registrars; an Associate of the prestigious Association of Business Executives (London), he holds an Advanced Diploma in Business Administration and Masters Degree in Business Administration (MBA) from Lagos State University. He is an Associate of the Chartered Institute of Marketing of Nigeria, a member of the Nigeria Institute of Strategic Management (MSM) and holds a PhD in Corporate Leadership and Governance from the European-American University. Dr. Ogogo worked and held various Senior Management positions in Union Bank Plc, Union Bank Registrars Department, corporate Trust Ltd (a Finance House), Anchoria Investments & Securities Ltd (a stockbroking outfit), Business Innovators Ltd (a management consulting outfit), among others prior to his new job. He spoke with Peter Ugwu.
Place of Capital Market in Economic Development
The capital market is a securities market that deals with long-term maturity funds. Some people call such securities shares, but that does not cover the entirety of the market. Is a provision or arrangement made for companies to raise fund and for others to invest. That is, both those in surplus and deficit unit come to the market. Who are these people? The deficit unit comprises of organizations publicly quoted and coming to raise money. For instance, when someone buys First Bank shares, the person is in surplus unit, because he is investing in First Bank, so the capital market makes it possible for organizations to raise money for the sake of expansion. It also provides liquidity for investment funds from the standpoint of the individual and the economy. This role differentiates it from the money market that usual goes with short-term investment. The market serves as a measure of confidence in the economy and as an important economic barometer. But due to the short fall of the capital market, most investors are now becoming shy that they now patronize debentures, bonds and such likes. However, we must note that if the capital market is dead, the financial system of the country can not function well. The market is such platform that provides industrial management with some ideas of the current cost of capital through its pricing mechanism, as an important issue in determining the level and rate of investment. It encourages inflow of foreign capital when multinational companies or investors invest in domestic securities. Apart from that, the market provides the opportunities for government to finance development oriented projects.
Market Segmentation
Basically, there are two markets within the Capital Market. We have the primary and secondary markets. The former is for fresh or new securities while the latter is for existing securities. The difference is very simple. The market for fresh securities means that new securities are been introduced for the first time like the Initial Public Offers (IPOs). These are offers by either subscription, but they are coming to the public. For instance, if a company is coming to raise money from the capital market; the first contact is the issuing house. I call them the ‘Coordinators of New Issues’. So the issuing house will invite other parties like the Brokers, Solicitors, Registrars, Report Accounts and other professionals in the industry. They are all participating because of the prospects or offers.
Registrars
A prospectus is normally prepared for every offer or issue in the primary market. It rests on the shoulder of the registrars to distribute the prospectus to receiving agents. They make use of courier companies or bulk post ventures to send them out. At the end of every offer, of course share certificates are produced by them as well. Previously, registrars travel from one place to another to mail these things themselves. Many thought it was not fashionable to use courier services. Presently, that responsibility is made easier because courier companies are retained to perform that job. In the case of over-subscribed offers, money returned cheques are prepared by registrars for mailing to the investors concerned.
Business Opportunities for Courier companies
Courier and bulk post companies form part of stakeholders in the capital market because of the delivery system. Nevertheless, I would advise them to take note of something while reading newspapers. Usually, companies announce their Board Meetings, probably a completion board meeting because not all board members participated in the last meeting. So the board members, investors and representative of the Securities and Exchange Commission (SEC) have to witness the signing ceremony in support of presented document. Immediately after that, courier companies should know that there are opportunities for grab – it is them to liaise with the registrars. Even in the Secondary Market by the virtue of Companies and Allied matter Act (CAMA), all companies, especially publicly quoted ones are expected to hold their Annual General Meeting (AGM) once a year, and notices are expected to be sent to shareholders 21 days before the date of the meeting. Registrars, therefore retain the services of courier companies to send out annual reports and accounts. At times dividends are declared at AGMs, when this happens, registrars print the relative dividend warrants and courier companies are invited to assist in their dispatch and mailing.
De-materializing
The market is considering ‘e-Offer’. Already, I have recommendations on Registrars’ IT Infrastructure Review Committee’s Report, which has been with the SEC for about two years now. Although they have not come up with decision due to the public hearing in Abuja, but we are scheduling to meet them. After that, there will be ‘e-Offers’. So, even the documents that have been flying here and there would have been reduced and that portends some danger for the courier service operators. But we should not distant ourselves from innovations in business. You must innovate to survive. By de-materializing, like is applicable in developed countries, we will not be producing share certificates any longer. We want to go paperless. So, if that happens, what will the courier agents carry from one place to another? Is it the flash or CD plates? Definitely, that can’t sustain anyone. So my charge is for them to cue-in to the paradigm shift. Think of what you can do to be part of it.
Complaints
Both the registrars and the courier companies have various complaints. The registrars complain of dumping of mails by companies commissioned to execute certain contracts; loaded bills; delay in providing proof of delivery and difficulty in tracing missing items. On the missing item, when problems occur in the market, the first point of call is the Registrars’ table. Infact, SEC in one land mark decision defined the registrars as the utmost custodians for the nation’s capital market, because the most important documents in the market are created, updated and handled by them. So when items are missing you see people coming to complain of not receiving their certificates even when they have been dispatched five months back. So, the registrars are put in a fix when the courier companies fail to leave up to expectations. We must get it right to remain in business.
General News
ARN Rejects Medical Bill over Attempt to ‘Scrap’ Profession

Association of Radiographers of Nigeria (ARN) has rejected the Medical and Dental Practitioners Act (Repeal and Re-enactment) Bill 2026 currently before the National Assembly, describing it as a targeted and calculated existential assault on their profession.

According to the body the legislative attempt will erode the profession of radiography and transfer its statutory responsibilities to the Medical and Dental Council of Nigeria.
Dr Musa Dembele, president of the association, gave the warning while addressing a press conference at the Kano NUJ Press Centre on Saturday.
He said, “The Medical and Dental Practitioners Act (Repeal and Re-enactment) Bill, 2026 (HB 2695) is not a reform but a targeted, calculated, and existential assault on the profession of radiography.”
He also described the bill as an attempt to introduce a “jurisdictional override” intended to dismantle the Radiographers Registration Board of Nigeria.
“This is a legislative execution of a profession that has served Nigeria for over 50 years,” he said.
Dembele pointed to Section 8(1) of the bill, which grants the Medical and Dental Council of Nigeria exclusive authority, describing it as “a legislative nuclear weapon” that strips the Radiographers Registration Board of Nigeria of its mandate.
The association also accused the bill of “conceptual theft” by redefining radiology in a way that erases radiography as an independent scientific discipline.
“The bill seeks to legally erase radiography as an independent profession and subjugate radiographers to the disciplinary authority of a council composed of individuals with no expertise in radiographic science,” the association said.
On financial matters, the association accused the bill of promoting “extortion as regulation,” noting that it mandates that 70 per cent of practising fees be shared with the Nigerian Medical Association.
“This reveals the true motive — financial colonisation,” Dembele said.
The association also raised concerns over HB 2699, the Radiographers Registration Board of Nigeria Amendment Bill, which it said seeks to weaken the board from within.
It described the inclusion of medical doctors on the board as “a fundamental violation of the doctrine of professional self-regulation” and warned against excessive ministerial control that could politicise regulation.
The association stressed that globally, radiography regulation is profession-led, citing examples from the United Kingdom, Canada, and Australia, and noted that Nigeria cannot afford to adopt a substandard model that contradicts established international norms.
The association therefore called on the National Assembly to protect the integrity of the Nigerian healthcare system by rejecting the bill in its entirety.
It also called for a stakeholders’ summit to develop a harmonised regulatory framework that respects the co-equal status of all health professions, as obtained in the United Kingdom, Canada, and Australia.
“The association aligns with the position of the Joint Health Sector Unions, medical laboratory scientists, physiotherapists, and other critical stakeholders who have also rejected similar legislative attempts,” he added.
General News
Zarttech Reflects on Its Role in Changing Global Perceptions of Africa

Zarttech extends a sincere apology to individuals and partners who may have been affected during the course of its operations. The company recognizes that its journey included challenges and acknowledges the importance of accountability, respect, and transparency toward everyone who was part of its story.

At its core, Zarttech was founded with a mission to bridge the global tech talent gap by connecting diverse IT professionals with opportunities around the world. The company sought to remove barriers that often prevent talented individuals from accessing global work, while promoting fairness and reducing bias in the technology recruitment process.
Through its work, Zarttech contributed to a broader shift in how Africa is perceived in the global technology ecosystem. By highlighting the expertise, creativity, and potential of African developers and technology professionals, the company helped bring greater visibility to the continent’s growing pool of world-class talent.
Zarttech’s mission centered on creating opportunities that connected businesses with skilled professionals across Africa, Europe, and South America while demonstrating that innovation and excellence in technology know no geographic boundaries.
Beyond its business activities, Zarttech also supported initiatives aimed at empowering women in technology across Africa through training and education programs, reinforcing its belief that inclusive access to opportunity can help shape a more equitable global tech industry.
While the company’s chapter has come to an end, the impact of the conversations it helped spark about African talent, global collaboration, and opportunity without borders continues to be part of a larger movement transforming the global technology landscape.
General News
NCDMB secures lead local content role at African Energy Week 2026

Nigerian Content Development and Monitoring Board (NCDMB) has been named a Local Content Partner at African Energy Week (AEW) 2026, in a move that positions the agency as a key driver of indigenous capacity building in Africa’s energy sector.

NCDMB
The event, scheduled to hold from October 12 to 16 in Cape Town, South Africa, will give the NCDMB a high‑profile platform to showcase Nigeria’s local content framework, industrial projects and investment opportunities to global investors and policymakers.
The NCDMB, a parastatal regulatory agency under the Federal Ministry of Petroleum Resources, has increasingly anchored its interventions on skills development, infrastructure and industrialisation.
In March 2026, the board launched a 12‑month pipeline engineering training programme for 33 young engineers in Port Harcourt, in partnership with Renaissance Africa Energy and MJD Oilfield Services.
The programme focuses on pipeline pigging, corrosion control and integrity management, aligning the workforce with major government infrastructure projects such as the Ajaokuta‑Kaduna‑Kano Gas Pipeline.
On infrastructure, the NCDMB is advancing construction of a 204‑room Radisson‑managed hotel and conference centre in Yenagoa, Bayelsa State, expected to be commissioned in December 2026. Located adjacent to the Nigerian Content Tower, the facility is designed to support industry collaboration, conferences and business meetings within the local content ecosystem.
The board has also commissioned a Clinical Skills and Simulation Laboratory at Bayelsa Medical University, enhancing healthcare training and service delivery in host communities through modern simulation technology.
Industrial expansion remains a core pillar of the NCDMB’s strategy. Under the Nigerian Oil and Gas Parks Scheme, pilot parks in Odukpani, Cross River State, and Emeyal‑1, Bayelsa State, are nearing completion and are projected to generate about 2,000 jobs each.
These shared‑services industrial hubs are designed to localise manufacturing, reduce project costs and enable indigenous companies to scale up production along the upstream and midstream value chains.
From a financing and policy standpoint, the NCDMB is deploying multiple funding mechanisms, including a 100‑million‑dollar equity investment scheme, a 500‑million‑dollar intervention fund and a 20‑million‑dollar initiative targeted at women‑owned enterprises in the oil and gas sector.
Recent enforcement measures, such as tighter expatriate quota controls and mandatory compliance certification for operators, signal a shift toward deeper localisation, greater transparency and stronger investor confidence in Nigeria’s energy industry.
Speaking on the significance of the board’s role at AEW 2026, the Executive Chairman of the African Energy Chamber, NJ Ayuk, said the NCDMB’s participation underscores Africa’s commitment to building domestic capacity and retaining value within the continent.
“Local content is not just policy – it is the foundation for sustainable growth, job creation and energy security across African markets,” Ayuk noted.
As African Energy Week 2026 gathers global investors, policymakers and energy operators, the inclusion of the NCDMB as a Local Content Partner highlights the growing importance of in‑country value creation. With focused sessions on skills development, technology transfer and industrialisation, the forum is expected to generate concrete partnerships and commitments that can help build resilient, competitive and investment‑ready energy ecosystems across Africa, with Nigeria positioned at the centre of the regional value chain.
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