Economy
Businessman Injects N1.2bn into Golden Guinea Breweries
By Modupe Gbadeyanka
A fresh capital worth about N1.2 billion has been injected into Golden Guinea Breweries Plc, a company based in Umuahia in Abia State.
The money was pumped into the brewery firm by a businessman, Mr Okey Nzenwa, through his company, Pan Marine Investment Limited.
Mr Nzenwa is the Chairman of Pan Marine Investment Limited, the core investor of Golden Guinea Breweries, a company which trades its shares on the Nigerian Stock Exchange (NSE).
Business Post gathered that the lawyer-cum-businessman increased his stake in the organisation by acquiring additional 752,508,000 stocks through a private placement.
It was learned that the 752,508,000 ordinary shares of 50 kobo each of Golden Guinea Breweries were sold to Pan Marine Investment Limited at N1.60 per unit.
On Thursday, March 26, 2020, these additional stocks sold to Pan Marine Investment Limited were listed on the NSE, thereby increasing the total issued and fully paid up shares of Golden Guinea Breweries from 272,160,000 to 1,024,668,000 ordinary shares of 50 kobo each.
Information gathered by Business Post has it that Golden Guinea Breweries has commenced operations after years of staying idle due to a fire outbreak that badly affected its factory and equipment.
Early this year, Mr Nzenwa visited wife of late Mr Michael Okpara, the man who founded the company many years ago when he was the Premier of the defunct Eastern Region. During the visit, he presented the revived product to the widow, who could not hide her excitement and prayed for the success of the company.
In 2018, Golden Guinea Breweries, through the efforts of Mr Nzenwa, received a funding package worth N3.6 billion from the Nigerian Export Import Bank (NEXIM) with the Bank of Industry also pitching in with an Economic Revival Facility.
Golden Guinea was originally named Independence Brewery Limited. It started production in 1963 with an annual capacity of 1 million gallons.
The company introduced Eagle Stout to the market in 1967 but between 1967 and 1970, further production was hampered by the Nigerian Civil War.
In 1971, the company changed its name to Golden Guinea Breweries and four years later, it was revamped and an extension built by the German firm Coutinho Caro which later participated in an equity offering issued by the firm.
However, production at the brewery was hampered by a fire incident in 2003 but recent attempts have been made to resuscitate the firm. The company holds franchise rights to produce and market Golden Guinea Beer, Holsten Brewery’s Bergedorf premium lager beer and Bergedorf Malta in Nigeria.
It was gathered that Golden Guinea lager Beer now produces 48,000 bottles per hour, twice more than what it was producing prior to 2003 when it was gutted by fire.
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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