Economy
Dangote Flour May be Delisted on NSE as Shareholders Okay Sale
By Dipo Olowookere
Shares of Dangote Flour Mills Plc may no longer be available for trading on the floor of the Nigerian Stock Exchange (NSE), Business Post has learned.
On Monday, October 14, 2019, shareholders of the company, at a court-ordered meeting (COM), approved the sale of the flour miller to another organisation for the sum of N120 billion.
This was done through the acquisition of about 5 billion ordinary shares of 50 kobo each of the firm’s equities held by shareholders of Dangote Flour Mills Plc at the rate of N24 per unit, an amount that is 124 percent premium to the last traded share price of the company on April 18, 2019 and 145 percent premium on the three months weighted average share price of the company as at April 18, 2019.
The buyer of these units of Dangote Flour shares is Olam Group Company, a public entity listed on the Singapore Exchange in Singapore. It is also a leading global food and agri-business supplying food, ingredients, feed and fibre to over 19,800 customers worldwide.
The value chain of Olam spreads to over 60 countries and includes farming, processing and distribution operations, as well as a sourcing network of an estimated 4.5 million farmers.
Before now, Olam has a stake in Dangote Flour through its subsidiary, Crown Flour Mills Limited (CFML), but the company proposed to buy the remaining equity stake not held by its arm.
With the purchase approved, it is not certain if Olam would want its shares publicly listed on the local stock exchange and if this is the case, shares of the firm would have to be delisted on the trading platform of the NSE.
Olam, through Crown Flour Mills Limited, intends to expand its market in the local flour milling business and give its competitors like Honeywell Flour Mills, Flour Mills of Nigeria and others a run for their money.
Business Post reports that as at the close of business on Tuesday, October 15, 2019, shares of Dangote Flour went down by 55 kobo or 2.39 percent to exchange at N22.45 each.
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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