Economy
CBN To Partner Ogun On Agric Development
By Modupe Gbadeyanka
The Federal Government and the Central Bank of Nigeria (CBN) has assured the Ogun State government of their commitments to agricultural development in the State.
Minister for Agriculture, Mr Audu Ogbeh, gave this assurance during an inspection tour by the Presidential Task Force on Agriculture to the Eriwe Fish Farm settlement in Odogbolu Local Government Area of the State.
The Minister who expressed satisfaction over the way the settlement had coordinated themselves into cooperative societies, assured that the President Muhammadu Buhari led government was ready to support them with the needed financial aid.
Mr Ogbeh encouraged the farmers in the state to continue contribute their quota in ensuring food production, adding that investing in agriculture was a sure way of eradicating poverty and reducing criminal activities in the country.
He stated that no country could survive on outright importation without corresponding exportation, enjoining Nigerians to embrace agriculture, saying that the federal government would dedicate a day as from next year for Farmer’s day to celebrate the greatness in farming.
Addressing the farmers in the state, the CBN Governor, Mr Godwin Emefielle, urged them to continue to organise themselves into groups to get the needed financial assistance with the assurance that the bank would make funds available for the state.
On his part, the Chairman of the Presidential Task Force on Agriculture and the Governor of Kebbi State, Mr Atiku Bagudu commended the Ogun State government for focusing on agriculture just as it had also done in infrastructural development.
The host, Governor Ibikunle Amosun, appreciated the federal government for supporting agriculture in the nation, saying it was one sector capable of driving the economy out of recession.
Mr Amosun assured that any money from the Federal Government to support agricultural development in the state would be judiciously used.
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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