Economy
Nigeria-Germany Trade Volume Reaches €3bn
By Adedapo Adesanya
The German Ambassador to Nigeria, Mrs Annett Gunther, has disclosed that the Nigeria-Germany trade volume currently stands at about €3 billion.
Mrs Gunther, who made this known in an interview with the News Agency of Nigeria (NAN) on Sunday in Abuja, said that the trade relations between both countries had grown over the years.
Specifically, she said the trade relations grew from €2 billion in 2022 to the current figure of €3 billion, with the balance of trade in favour of Nigeria because of crude oil export
She said there was the potential for improvement in trade relations, which both countries were currently working on, especially in the area of agriculture.
“I think agriculture is a very good area for cooperation, not only because we can help in the area of food security, which is important to Nigeria, but also in the improvement of export of processed products.
“Instead of selling more raw products, we will have more value creation within the country to create more jobs.
“As part of our development cooperation, we have an agriculture programme that also focuses on exactly that value chain, which supports small and medium-sized enterprises in the sector,” she said.
The envoy said that many German delegations had attended trade fairs in Lagos, like the agri-food festival with German companies participating and having one of the biggest pavilions.
She further explained that the German Chamber of Trade and Commerce in Lagos represented German companies.
According to her, Germany has about 90 companies with representative offices in Nigeria adding that while some are engaged in trading, some others have production facilities.
“Nivea is one of the German companies that has a huge modern production facility in Nigeria. Nivea products such as lotions and creams are German products produced in Lagos.
“They have production facilities in Germany and these products produced in Nigeria are almost 100 per cent identical because it is the same quality and standard as the one in Germany.
“This is because the products’ raw materials such as oils, and fragrances are imported, the standard, quality and the smell has to be the same as others from the production facilities in Germany,’ she added.
Mrs Gunther commended steps taken by President Bola Tinubu to reform the country’s economy.
” For production facility, you need investment, and of course, foreign direct investment, which is also very much needed to boost the economy which depends on the investment conditions.
“We have seen improvements under the new administration. Very important economic reform steps have been taken.
“But, as I said, this depends on the investment climate, which is improving already.
“As you know, we have the forex issue, and also I must say, the environment must be conducive,” she reiterated.
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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