Economy
Abia Records Highest Increase in Average Price of Bread at N650
By Dipo Olowookere
The National Bureau of Statistics (NBS) has disclosed that the highest increase in the average price of sliced bread in Nigeria last month occurred in Abia State at N650 per 500g, while the lowest was in Borno State at N260.
In its Selected Food Price Watch, the agency said nationally, the average price of bread increased on a year-on-year basis by 34.98 per cent to N44.80 in March 2022 from N331.76 in March 2021 and on a month-on-month basis, it rose by 2.23 per cent.
The NBS stated further that the average price of 1kg of beans (white, black eye, sold loose) increased on a year-on-year basis by 46.64 per cent from N345.03 in March 2021 to N505.94 in March 2022 and on a month-on-month basis, it went up by 1.69 per cent from N497.54 in February 2022.
The price was highest in the month under review in Ebonyi State at N867.29 and lowest in Bauchi State at N252.95.
In the report, it was revealed that the average price of a kilo of tomato rose by 53.29 per cent on a year-on-year basis to N409.96 last month from N267.45 reported exactly a year ago and on a month-on-month basis, it increased by 4.29 per cent from N393.08 in February 2022 to N409.96 in March 2022.
Analysis showed that Bayelsa State recorded the highest price of 1kg of tomato at N753.83, while Taraba State recorded the lowest at N134.46.
A look at other food items showed that the price of Agric eggs (medium size price of one) increased by 27.14 per cent from N48.43 in March 2021 to N61.58 in March 202, the price of 1kg plantain (unripe) jumped 43.54 per cent on a year-on-year basis from N228.18 to N327.54, the price of a bottle of groundnut oil rose y/y by 46.00 per cent to N681.23 from N994.62, while the price of 1kg of local rice rose by 12.15 per cent to N441.80 last month from N393.92 a year ago and went up by 1.20 per cent in March 2022 from N436.58 in February 2022. The highest price was in Rivers State at N578.51 and the lowest was in Yobe State at N351.38.
Business Post reports that the price of boneless beef increased y-o-y by 34.33 per cent last month to N1,955 from N1,456, with Abuja reporting the highest price at N2,600 and Bayelsa State posting the lowest price at N1.258.
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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