Economy
Arla Foods Targets Sustainable Milk Production in Nigeria
By Adedapo Adesanya
Arla Foods, the makers of Dano Milk, says it is targeting 4 million kilogrammes annual milk production from its recently inaugurated dairy farm in Kaduna as part of the company’s efforts to ensure sustainable milk production in Nigeria.
The farm located in Damau village, Kubau Local Government Area, Kaduna State, was inaugurated on Thursday, May 25, 2023, by the Governor of Kaduna State, Mr Nasir El-Rufai.
The Arla Farm, a state-of-the-art Danish-designed dairy farm, is the first of its kind in Nigeria, and with it, Arla says it is creating the future of dairy in Nigeria.
“Designed to ensure optimum animal welfare and productivity, the farm will be a showcase for sustainable milk production in Nigeria.
“The farm covers 400 hectares of land, with the capacity to house 400 milking cows and 1000 animals in total. Currently, the farm is home to 216 Danish Holstein cows, which arrived in May 2023 and are settling well into their new environment,” the company said in a statement.
According to the Executive Vice President of Arla Foods International, Mr Simon Stevens, the completion of the farm was a massive achievement for Arla Foods in its journey in Nigeria and globally, noting that this success exemplifies the significance of solid partnership and the vast potential available in Nigeria.
He disclosed that the project was conceived in line with the quest to achieve a number of United Nations’ Sustainable Development Goals (SDGs), including 2, 8, 12 and 17 — zero hunger, decent work and economic growth, responsible consumption and production, and partnerships.
“This milestone symbolises what can be achieved with strong partnerships. We can see how the contribution of the Kaduna State Government, the Federal Ministry of Agriculture and Rural Development, NGOs, the farming community, and many more have helped to deliver a big project. I’m happy that many of my colleagues are celebrating this joyous occasion in Lagos and at the global headquarters in Denmark.”
“This achievement symbolises the massive potential we see in Nigeria and the exciting journey this country is on. We have been part of this journey for quite some time, and we are extremely committed to continuing to play a part and contribute to the development of the dairy industry,” Mr Stevens added.
He further noted that the farm, delivered at an investment cost of over €10 million, would serve as a place of milk production and an epicentre of dairy farming knowledge.
Also speaking, the Head of Arla Foods West Africa, Mrs Anna Månsson, noted that the commissioning of the project is a culmination of a series of events that began with the signing of a lease agreement with the Kaduna State government in 2021, resulting in the securing of farmland and followed by construction work.
She also noted that the state-of-the-art dairy farm is the first of its kind in Nigeria, poised to define the future of dairy in Nigeria.
She further noted that over 40 people would be directly employed at the farm, as this would serve as a means of livelihood to Nigerians, especially those within the Damau community of Kaduna state.
She explained that the farm is expected to produce 1.6 million kg of milk in 2024, with a target of 4 million kg of milk annual production.
Speaking at the inauguration ceremony, Governor El-Rufai described the newly commissioned dairy farm as a significant milestone and game-changer for the dairy sector in Nigeria.
He commended the management of Arla Foods and explained that the Arla Dairy Farm is another testament to the commitment of the Kaduna State government to collaborating with private organisations and providing the enabling environment for businesses to set up and thrive in the state.
He urged the incoming Governor of the State, Mr Sani Uba, to continue to support Arla and other companies with investments in the state for economic prosperity.
In his remarks, Danish Ambassador to Nigeria, Mr Sune Krogstrup, noted that the project demonstrates Arla Foods’ commitment to boosting the local dairy segment of the agricultural value chain that would positively impact the economy of Kaduna State and contribute significantly to Nigeria’s GDP.
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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