Economy
Crown Flour Mill Assures Nigerians Affordable Food Staples
By Ahmed Rahma
Nigerians have been assured that their yearnings for consistent access to quality, healthy and affordable food staples would be met.
This assurance was given by Crown Flour Mill Limited, which produces a wide range of quality flour, pasta noodles, biscuits, semolina and confectionery from wheat.
Other famous product range of Crown Flour Mill includes Mama Gold Flour, Crown Premium Pasta, Crown Pasta, Supreme Semolina and Crown Tuwovita.
The Managing Director of Crown Flour Mill, Mr Ashish Pande, while speaking on the celebration of the World Whole Grain Day on Thursday, November 19, 2020, stated that the company was committed to national food security.
According to Pande, the firm has made a major investment in milling plants and technical innovations across its subsidiaries and has been able to show its commitment to food security through consistent focus on food safety, innovation and cost efficiencies especially along its wheat-milling value-chain.
“Based on a deep understanding of the Nigerian consumers, our food brands are produced under the highest safety standards; and we have developed a robust distribution and redistribution network that are tailored to the market landscape.
“These efforts ensure that our portfolio of wheat-based products such as flour used at bakeries and confectioneries and packaged pasta and noodle brands, which are consumed frequently in Nigerian households, are made available across retail shops and marketplaces across Nigeria,” he said.
Mr Pande added that “the company is committed to quality food standards and production models that add nutritional value to the consumers and economic benefits to the nation.”
“With our major investments in modern milling plants, we have been able to develop an efficient milling process. The investment in our production process is a further demonstration of our focus on food safety, consumer nutritional health and cost efficiencies,” he further stated.
At the moment, many Nigerians are groaning over the high cost of food items in the market and the federal government has attributed this to the recent #EndSARS protest and activities of bandits in the northern part of Nigeria, where most food items are cultivated.
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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