Economy
NSE Applauds Management for Reviving Golden Guinea Breweries
By Dipo Olowookere
The management of Golden Guinea Breweries Plc has been applauded by the Nigerian Stock Exchange (NSE) for reviving the business after 17 years of inactivity.
This commendation was given by the president of the National Council of the NSE, Mr Abimbola Ogunbanjo, during a visit to the company’s factory.
Mr Ogunbanjo, who was accompanied by the NSE’s Divisional Head in charge of Listing Business, Mr Olumide Bolumole, explained that the visit was to assist the company to achieve more impressive heights.
At the NSE, we are dedicated to helping issuers derive optimal value from their interaction with the market.
“As such, we have identified various opportunities for us to provide assistance in terms of enhanced regulatory support, capacity building, and engagement sessions,” he said.
The NSE representatives, who also visited the Governors of Imo and Abia States, Mr Hope Uzodinma and Mr Okezie Ikpeazu, respectively, applauded them for their leadership efforts at promoting socio-economic development and improving the lives of citizens in the states.
Mr Ogunbanjo specifically commended the Abia State government on its key contributions to the significant progress of Golden Guinea Breweries.
He said the exchange continues to provide a platform for issuers and investors to meet their investment objectives even in these unprecedented times.
“There are opportunities for the listing of infrastructure bonds and privatisation of state-owned enterprises to improve performance and transparency, enhance visibility and improve direct and indirect revenues for the state governments,” he said, noting that the capital market ecosystem will, therefore, be eager to see responses from Abia and Imo State governments in this regard in the near future.
Business Post reports that Golden Guinea Breweries, which started production in 1963, got into the trouble waters as a result of a fire incident in 2003 at its factory.
Though efforts were made to get the company back into production after the burnt boilers were replaced and an entirely new line of production was installed, due to the financial crisis of 2015 and the skyrocketing cost of the dollar, the company ran into another problem actuated by the cost at which needed equipment was invoiced and the prevailing cost of FOREX at the time of payment and delivery.
Three years later, a grant of N3.6 billion was given to the management of Golden Guinea Breweries Plc to revive the company and last year, a slight production reportedly commenced and in March 2020, a businessman, Mr Okey Nzenwa, through his company, Pan Marine Investment Limited, pumped a fresh capital worth about N1.2 billion into the brewery firm.
Golden Guinea Breweries Plc, a company based in Umuahia in Abia State, holds franchise rights to produce and market Golden Guinea Beer, Holsten Brewery’s Bergedorf premium lager beer and Bergedorf Malta in Nigeria.
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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