Economy
Ajimobi Distributes Free Fertilizers to Oyo Farmers
By Modupe Gbadeyanka
In a bid to enhance food security in Oyo State, Governor Abiola Ajimobi has distributed about 25 tonnes of fertilizers to farmers in the state at no cost.
This gesture was made while receiving the farming imputes on behalf of the state government at the state’s Ministry of Agriculture zonal offices at Awe in Oyo town and Tede in Atisbo Local Government Area of the state respectively.
Senior Special Assistant to the Governor on Agriculture, Mr Fajimi Shakrulahi, who took delivery of the items, stated that the gesture was in line with the state government’s resolve to create an enabling environment for would-be investors to invest in the state.
He disclosed that the initiative behind the 25 tonnes of fertilizers and seedlings delivered to the state to boost rice production was a specialized programme amongst the state government, Dangote and farmers in the state.
The project is a pilot programme, which the state government would serve a guarantor for the farmers.
“We have selected about two hundred and ninety two farmers that have one hectare of land each and above for this programme.
“All these imputes you are seeing are going to be giving to the farmers according to the number of hectares they have,” he said.
“So, after planting, Dangote will now be the off-taker. It will get the harvested rice back from the farmers at specified rates,” he added.
The Governor’s aide pointed out that this season, the state government would embark on plantation for 500 hectares, while disclosing that another six thousand hectares plantation would similarly be embarked upon next year.
He noted that farmers earmarked for the plantation had been selected, adding that they have paid visit to their farms to ascertain their level of readiness for the programme.
“The state government has mandated the state’s Ministry of Agriculture to resuscitate all depleted forestry for agricultural purposes,” adding that the plan of the governor was to develop the rice farmers and boost food production in the state.
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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