Economy
FG Signs MoU On Dairy Sector Development
A Memorandum of Understanding (MoU) for the development of the dairy sector in Nigeria has been sealed by the Federal Government.
Minister of Agriculture and Rural Development, Chief Audu Ogbeh, who signed the deal on behalf of the government, said the agreement was sealed because of the need to cater for the growing population of the country.
Business Post correspondent gathered that the FG signed the MoU in Abuja with Arla Foods, which is one of the world’s largest dairy companies.
Chief Audu expressed joy over the company’s decision to help in the development of the agricultural sector in Nigeria.
“With the Federal Government’s school feeding programme, we dream of a day, where every Nigerian child has a pack of milk per day to improve their health.
“We are creating an enabling environment in the cattle breeding programme, where a poor widow in the village can own four or five cows to milk and have the facility to preserve them for local consumption. If a family has three or four cows, this can keep poverty away from them because rural poverty is a serious matter,” the Minister said.
He assured Arla Foods that Nigeria has a huge market with endless opportunities.
“We look forward to seeing a transmission of your knowledge to our farmers. Let this be a synergy and not just a business. The cows are not properly taken care of so the quality and quantity of milk, beef they produce is low and we want this to change,” Chief Audu said.
Speaking earlier, the Senior Vice President and Head of Arla Foods for Sub-Saharan African, Mr Steen Hadsbjerg, explained that his company chosen Nigeria as a place for its business because of her vast potentials.
“We are here to build a sustainable dairy industry in Nigeria Arla is more than 130 years old and we have been in Nigeria for more than 30 years operating under the name of Dano, one of our global brand.
“By signing this MoU, we are committed to the proper development of the dairy sector and the technical know-how to farmers in Nigeria.
“We will assist to develop the supply chain; we will work to ensure quality delivery of milk produced here to meet international standards. We will work with international NGOs and use our connections in the EU to support the Nigerian government in this project. We will talk and work with the farmers directly based on local milk and we are aiming to train about 200 farmers in the first year,” he said at the occasion.
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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