Economy
Heavy Rains, Logistics Hinder Soybeans Production
By Dipo Olowookere
The production of soybean in Nigeria has been hindered by heavy rains, resulting in high levels of immature grains with very high moisture content. This assertion was made by AFEX Commodities Exchange Limited in its Soybean outlook for 2019/2020 season.
In the report obtained by Business Post, it was stated that harvest has commenced as the rains are beginning to recede in most parts of the North, and the grain moisture levels are high at 15-16 percent MC from end of October to mid – November, but expected to moderate to 12 percent and below from end of November cross all locations.
It was further stated that in Benue and Taraba, the rains have persisted slightly longer and only a handful of farmers have been able to harvest by early November, most of which have high levels of immature grains with very high moisture content.
Prices started at N115,000 per MT in Benue, N100,000 in Taraba and N110,000 in the North West (Kaduna, Katsina, and Kano).
“We also envisage that logistics will be a challenge for most suppliers especially those in the North east with prices as high as N600,000 – N700,000 for deliveries to the South Western States,” the report added.
Commenting on the soybean outlook demand side dynamics, AFEX noted that the local demand for the commodity has over the years outweighed the local supply of the product and by a significant margin.
“Demand players have positioned themselves strategically to mop up volumes at farm gate. We anticipate a conservative 25 percent – 30 percent differential between market prices for grains at point of harvest in mid – late November and Peak period in July/ August. The market is basically liquidity driven with products going to the biggest pockets,” it noted.
On the strategy to adopt, “We recommend a dual strategy with an objective to achieve volume targets, but at a comparative price advantage to the competition. Aggressive trade volumes but with a closed pricing approach, so the market isn’t further upset. Aggressive stock build-up at farm gate/AFEX Warehouse for shipment in June/July.”
Business Post reports that as the time of filing this piece on Thursday morning, prices of Soybeans were up by 5.72 percent at N130,020 on AFEX.
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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