Economy
Kogi Farmers Receive Fertilisers
By Modupe Gbadeyanka
Farmers in Kogi State have started getting fertilisers and other agricultural inputs given to them by the state government at subsidised rates.
The Kogi State Government procured about 100 trucks of the products to distribute to the beneficiaries to boost economy of the state.
Commissioner for Agriculture and Natural Resources in the state, Mr Tim Dichie, said at the launch of “Option ‘A’ Road Map (Option Agriculture of Kogi State)” in Lokoja, the state capital that the programme was fashioned out to put Kogi on the rapid developmental pedestal and to realise her potential in agriculture.
He said that 100 trucks of fertiliser were being made available to farmers at subsidised rate of N5,000 per bag.
“Agriculture, which is the best and most viable alternative, must take over from our reliance on the dwindling oil revenue for rapid development, and set the pace for food security.
“It will also generate the much needed youth employment opportunities and empowerment, revenue from farming activities will also serve as the hub for economic growth in the State and nation.
“This event is to officially flag-off the road map for a new vibrant and prosperous state with various agricultural facilities put in place to enhance food security and revenue generation. It will also enhance industrialisation, attract foreign investments and partnership, and reduction of crime rate.
“We should be able to feed ourselves conveniently and also feed other states with the endowment of vast fertile land available in the state,” the Commissioner said.
On his part, Governor Alhaji Yahaya Bello lauded the Commissioner for the giant strides the Ministry had achieved in agriculture so far.
Mr Bello, who was represented by the Secretary to the State Government (SSG), Mrs Folashade Arike, said the Option ‘A’ Road Map would serve as a blueprint for the Ministry of Agriculture and Natural Resources from 2016 to 2020.
He urged the farmers to make good use of various opportunities available to them in his administration.
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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