Economy
NESG Advocates Food Safety System Framework
By Adedapo Adesanya
The Nigeria Economic Summit Group (NESG) has called on the federal government to enhance the framework for the food safety system in the country.
The group reiterated the need to expedite the passage of the Food Safety and Quality Bill into law to enhance access to Nigerian agricultural products in the international markets without further obstacles.
Speaking at the opening of the Food and Feed Safety Expertise Co-ordination Workshop in Abuja earlier this week, Chief Executive Designate, NESG, Mr Tayo Aduloju, said the delay in the passage of the bill had partly contributed to the continued rejection of some of the export products by foreign countries especially the European Union (EU), United States, and the United Kingdom, among others.
The event was necessitated as the US said Nigerian products often don’t meet all the regulatory and safety requirements specified by the country, leading to their rejections.
Mr Aduloju said the event marked a critical juncture in the country’s global efforts towards transforming food systems, emphasising the vital role of coordination, cooperation, and collaboration among relevant stakeholders.
He said Nigeria’s commitment to upholding the highest food safety standards remained paramount to its well-being and progress, stressing that through collaboration and pooling collective expertise, the regulatory frameworks would be strengthened, enhancing the overall quality of food and feed in our country.
He said Nigeria’s 70 million hectares of agricultural land, presented massive potential for economic growth and development.
“We must have effective regulatory, institutional, and policy frameworks. Frameworks that address the gaps in food and feed safety systems will not only improve the well-being of citizens but also impact Nigeria’s position in international trade,” he added.
The incoming NESG chief executive also stated that reforming food and feed safety systems was inevitable for Nigeria to benefit effectively from the AfCFTA.
He urged President Bola Tinubu to show political will and authorisation towards the passage of the Food Safety and Quality Bill – which was passed by both chambers of the legislature last year but couldn’t get the crucial assent of the president to become.
He said the government needed not to wait for another four years to pass the bill as this could be accomplished within a year.
Mr Aduloju said safety and quality remained a key component of the food security agenda of the current administration, adding that it was time for political authorisation to align with policy and legislative action to make it happen.
He said passing the bill into law would also ensure that the country’s food exports can access international markets, especially when attracting foreign exchange is inevitable to shore up reserves.
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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