Economy
Olam Agri, FG Engage on Strategic Investments for Agribusiness Growth
By Adedapo Adesanya
Olam Agri, a subsidiary of Saudi Agricultural and Livestock Investment Company (SALIC) and leading player in Nigeria’s agribusiness sector, is deepening its engagement with key stakeholders to explore strategic investments aimed at unlocking new growth opportunities.
In a recent meeting with the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, the Managing Director of Olam Agri, Mr Anil Nair, outlined the company’s plans to leverage emerging prospects in Nigeria’s evolving agricultural landscape.
The discussions focused primarily on business-aligned initiatives, including increased investment in fertilizer production, expanded irrigation support, and the development of processing facilities to boost local value addition.
According to Mr Nair, these investments are expected to enhance agricultural productivity, drive down food prices through improved supply chains, and stimulate agribusiness growth.
He acknowledged the government’s role in broader development initiatives such as the construction of rural farm roads and the establishment of strategic grain reserves.
On his part, Mr Edun reaffirmed the government’s commitment to creating a conducive environment for private sector-led investments.
He commended Olam Agri’s strategic contributions, noting that such private sector investments align with President Bola Tinubu’s broader economic diversification agenda.
In a related development, Nigeria is seeking to strengthen bilateral ties and explore economic opportunities with Belgium.
This is as Belgian Ambassador Pieter Leenknegt met with Mr Edun, at Finance HQ in Abuja over the course of the weekend.
The duo focused on enhancing economic cooperation, with particular emphasis on agriculture and food security.
Mr Edun highlighted Nigeria’s improving economic outlook, noting declining inflation, stabilizing prices, and increased savings in the federation account.
The Minister also reiterated President Bola Tinubu’s commitment to key macroeconomic reforms.
He acknowledged the initial impact on the cost of living crisis and assured that the measures to tackle these issues are already yielding positive results.
The Minister emphasized the government’s focus on supporting farmers through favorable policies to boost agricultural productivity.
Ambassador Leenknegt expressed Belgium’s interest in deepening economic relations, with both parties pledging continued collaboration for mutual benefit.
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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