Economy
Turkey to Invest $15m in Nigeria’s Agricultural Sector
By Adedapo Adesanya
One of Nigeria’s bilateral trade partners, The Republic of Turkey, is set to invest $15 million in the Nigerian agricultural sector in two years.
Minister of State for Agriculture and Rural Development, Mr Mustapha Baba Shehuri, has welcomed this move by the Turkish Government, saying it will boost the nation’s economy.
He commended the Turkish government for the decision, saying prior to the discovery of crude oil in Nigeria, agriculture was the mainstay of the country’s economy, but due to the boom that came with the oil sector, the dependence on the sector waned.
Mr Shehuri, during a visit to his office in Abuja by a Turkish investment delegation led by the Commercial Counsellor, Turkish Embassy in Nigeria, Mr Onur Akgul, acknowledged the fact that Nigeria had a lot to learn and gain from Turkey’s experience in the Agricultural Value Chain which progressed exceedingly in the sector over the years.
Speaking to the members of the delegation, he vowed that the ministry will fully support the investment plans, adding that it will come up with a document that will guide all investors in the agricultural sector and help both the investors and the government achieve the desired goal.
The Minister also promised that a portal will be created where all the information needed by the investors about the achievement of the ministry and its agencies will be provided.
The Turkish commercial counsellor, Mr Onur Akgul, said that with the $15 million, the country is seeking to invest in technological solutions such as the mobile solar system, mechanisation, skill training, food supply security, agricultural infrastructure and rural development within the two years of commencement of the collaboration.
On his part, the Director, Planning and Policy Coordination at the ministry, Mr Zubairu Abdullahi, called for the change in method of practicing agriculture in the country as manual farming was still processes in some parts. He said the country need improvement on farming implements for the rural farmers.
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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