Economy
Lagos Partners Farmers on Maize Production
By Sodeinde Temidayo David
The Lagos State Government has announced the plan to partner with the Maize Farmers’ Association of Nigeria (MAAN) in a bid to explore the possibilities of maize production.
This was revealed over the weekend by the Commissioner for Agriculture, Ms Abisola Olusanya, when she received members of the group.
Ms Olusanya explained that the meeting was convened to explore the opportunities available for the sourcing of silage from the partnership.
“Silage is a very cheap and affordable source of feed for livestock in the State, particularly cows, and there is a need for collaboration with the Maize Farmers Association of Nigeria, which is coming on the heels of my visit to the Igbodu Feedlot in Epe,’ the Commissioner said.
According to her, in this year’s farming season, MAAN would be planting about 167,000 hectares of maize across Nigeria with an average crop output of five metric tonnes per hectare.
As stated by the Commissioner, the collaboration with the association will help the state grow its own maize and would serve as a major source of production for cattle feed.
“I am particularly delighted about this initiative because it is in line with the State’s Five-Year Agricultural Roadmap, particularly the reform of the red meat value chain,” she said.
The senior government official further noted that there is a potential for about 835,000 metric tonnes of silage, which could be available for the Feedlots in the State.
Lagos’s partnership with MAAN is aimed at establishing feedlots and fattening centres that will help with the traceability and hygiene of the cattle before they are slaughtered for consumption.
In a different development, the Lagos state government has restated the vow to intensify raids on clubs, bars and lounges, over noise pollution in the state.
The alarm was made yesterday as the state government read the riot act to nightclubs, bars and lounges, especially those in the Lekki axis, to desist from noise pollution. Following this, any club that fails to adhere to the act will risk being shut.
Also, apart from putting such clubs or bars under lock and key, the owners of the relaxation points would also be prosecuted according to the dictates of the law.
A statement signed by the Commissioner for the Environment and Water Resources, Mr Tunji Bello, said enforcement raids were carried out on some nightclubs in Lekki following repeated complaints by residents of the area and environs.
According to him, a visit by enforcement officers of the Lagos State Environmental Protection Agency (LASEPA) to a club at Lekki, following complaints of flagrant noise pollution, revealed the use of different giant speakers and musical instruments for stage plays and shows, necessitating its closure.
The Commissioner also noted that many residents especially elderly citizens, have always come to his office with petitions and complaints about the adverse effects of noise pollution on their health every night until the early hours of the next day.
It was also noted that the exercise will be a continuous one, and all clubs that engage in noise pollution are advised to retrace their steps.
Mr Bello stated that no one organisation would be treated as a sacred cow in the latest campaign, pointing out that research has also shown noise pollution as one of the causative factors for reduced lifespan.
The campaign is attributed to the second pillar of the six-point Development Agenda of the present administration is Health and Environment, as it includes combating noise pollution.
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.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn